Part of the Nigeria LEI knowledge hub — back to the Nigeria pillar.
In Nigeria, the LEI links to the SWIFT BIC through the BIC-to-LEI mapping, connecting your messaging identity to your verified legal identity in correspondent banking.
Your SWIFT BIC identifies you in financial messaging, while your LEI identifies the legal entity. The GLEIF BIC-to-LEI mapping connects the two.
Correspondent banks increasingly expect the LEI alongside the BIC for identity verification and screening.
As financial messaging moves to ISO 20022, the LEI is carried within the structured party data.
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No — the BIC is a messaging code; the LEI identifies the legal entity. They are mapped together.
To connect messaging identity to verified legal identity for screening and trust.
Does ISO 20022 use the LEI?