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Appendix A: Glossary of Terms

This appendix defines key terms used throughout these Terms and Conditions:

  • LEI (Legal Entity Identifier):
    A 20-character, alphanumeric code that uniquely identifies a Legal Entity in global financial systems, in accordance with ISO 17442.

  • LE-RD (Legal Entity Reference Data):
    The core information related to an entity such as legal name, address, incorporation details, and relationship information.

  • GLEIF:
    Global Legal Entity Identifier Foundation, a not-for-profit organization overseeing the Global LEI System.

  • LOU (Local Operating Unit):
    An accredited entity authorized by GLEIF to issue and manage LEIs.

  • Authorized Representative:
    Any person authorized to act on behalf of a Legal Entity, including Directors, Employees, or PoA holders.

  • Client Agent:
    A third party (e.g., consultant or intermediary) assisting multiple Legal Entities in managing LEI requests.

  • Corporate Representative:
    A full-time employee or officer designated to manage LEIs on behalf of multiple companies within a corporate group, supported by authorization letters.

  • Power of Attorney (PoA):
    A legal document that grants one individual or entity the authority to act on behalf of another.

  • Lapsed:
    An LEI status where the Legal Entity has not completed re-validation by its renewal date.

  • Retired:
    An LEI that is no longer valid due to the Legal Entity’s merger, dissolution, or transformation.

  • Annulled:
    An LEI cancelled due to a significant error, including duplicate issuance or fraudulent application.

  • Reinstatement:
    The process of restoring an LEI to active status after suspension or lapse.

  • Subscription Renewal:
    An automated renewal process enabled via payment gateway auto-debit.

  • Multi-Year Contract:
    A pre-paid arrangement allowing LEI validity over multiple years, subject to annual validation.