Duns 4 LEI ensures you are compliant with MIFID II regulations by updating your LEI database. Identify your counterparts accurately thanks to exclusive matching using the
DUNS Number ©
What is the LEI ?
The Legal Entity Identifier or LEI, is a unique, 20-character reference number required by any legal entity that wants to invest or carry out a financial transaction on regulated markets (energy, cereals, financial markets, etc.). The LEI was created in 2011 at the instigation of the G20, to respond to the need for an industrial standard for identifying the counterparties in a transaction.
In France, the Ministry of the Economy and Finance has authorised INSEE as a LOU (Local Operating Unit), allowing it to allocate pre-LEIs to French legal entities. The LEI is allocated on the basis of the SIREN, at a price set by an order of the Ministry of the Economy and Finance of 28 June 2013 and is valid for one year.
What is the DUNS Number© ?
The DUNS Number © (or Data Universal Numbering System number) is a unique, 9-digit business identification number issued by our exclusive partner, Dun & Bradstreet. It is generally used for creating a risk score, to help business partners or lenders verify a company’s reliability. It is also used to keep information about over 285 million businesses, worldwide, up to date. This unique identifier is a pivotal piece of data for setting up Altares D&B databases, and allows us to enhance your portfolio with LEIs.
Duns 4 LEI automates and keeps the LEIs in your third-party databases up to date
We assess the quality of the data file to determine the volume of unique legal entities and investment funds. Then we estimate the volume of potential records with LEIs available to carry out an audit.
Using Altares Dun & Bradstreet data and expertise, we reconcile each LEI in your file with the corresponding DUNS number.
We clean and enhance your LEI file with various attributes: Identity, LOU (Legal Operating Unit), renewal date, etc., to provide you with high-quality information.
Regular updates mean incorrect or inactive LEIs are removed. With DUNS 4 LEI you save time, because you no longer have to match or update your file manually.
Trust Altares Dun & Bradstreet’s expertise
Save time and take advantage of an up-to-date database in accordance with the latest LEI standards, with DUNS 4 LEI
- 280 million businesses: the largest B2B database in the world
- 220 countries covered
- 55 million daily updates
- + 75% of legal entities identified with a DUNS number
- Almost 1.2 million LEIs recorded with the GLEIF (Global Legal Entity Identifier Foundation)
Timeline of LEI regulations
Timeline of LEI regulations
FALL OF LEHMAN BROTHERSWhen Lehman Brothers fails, the Financial Stability Board (FSB) finds it extremely difficult to identify the legal entities involved in the financial transactions
G20The G20 approves a unique identifier system for entities involved in the financial markets (Global Legal Entity Identifier System, GLEIS)
EMIR REPORT ON THE USE OF THE LEIEMIR (European Market Infrastructure Regulations) reports becomes mandatory and existing LEIs (pre-LEIs) must be indicated
THE FED PROPOSES THE USE OF THE LEIEMIR (European Market Infrastructure Regulations) reports becomes mandatory and existing LEIs (pre-LEIs) must be indicated
Effective date of MiFID 2The MiFID 2 directive is supposed to come into effect in January 2017. Ultimately, it is postponed to January 2018.
START OF ACCREDITATION PHASEThe accreditation phase will allow businesses to check that developments are ensuring files are received correctly by the Bank of France.
START OF FILE COLLECTIONFiles will start to be collected by the Bank of France in September 2018
FILE COLLECTIONCollection of AnaCredit files via OneGate (the Bank of France’s collection portal) begins
SUBMISSION DEADLINEOnce Submission/Correction and Individual Cancellation files have been submitted, Risk Centralisation files must be submitted by 15 October
DATA COLLECTED SENT TO ECBData collected between September 2018 and October 2018 will be sent to the ECB
Do you have a data project?