Appendix A: Glossary of Terms
This appendix defines key terms used throughout these Terms and Conditions:
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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An LEI that is no longer valid due to the Legal Entity’s merger, dissolution, or transformation.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.
