LEIs are issued by LEI issuers (Local Operating Units). The information linked to an LEI shows who the entity is and who owns it1.

In trade reporting in Japan, the LEI is entered in the fields for the entity responsible for reporting and the counterparties. When a counterparty cannot obtain an LEI, a provisional LEI can be used, made by adding the counterparty's BIC code or an internal reference number to the reporting firm's own LEI2. The first 20 characters of a UTI, which identifies a trade, are also the LEI of the entity that generated the UTI3.

Notes

  1. Global Legal Entity Identifier Foundation, "Introducing the Legal Entity Identifier (LEI)". ↩

  2. Financial Services Agency, "店頭デリバティブ取引等の規制に関する内閣府令第４条第１項で定める作成・保存・報告事項 ガイドライン" (Guidelines on the items to be prepared, retained, and reported under Article 4, paragraph 1 of the Cabinet Office Order on the regulation of OTC derivatives transactions, our translation) (December 2022), Attachment 1, allowed values for items 6 to 8 and notes to item 8, page 5 (in Japanese). ↩

  3. The same document, Attachment 2, section 2(2), page 1 (in Japanese). ↩