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Published on 05.02.24
Vilnius/Riga/Tallinn/Reykjavik, February 5, 2024 – Nasdaq (NDAQ) announces that Nasdaq CSD has launched an enhanced Legal Entity Identifier (LEI) service platform, Nasdaq LEI, that allows for a more straightforward and effective LEI code issuance and management. All legal entities involved in the financial markets are required to have LEI codes.
“The use of LEI codes has grown significantly over the recent years due to increased activity on the financial markets,” says Indars Aščuks, CEO of Nasdaq CSD. “With Nasdaq LEI we can now offer a more simple and reliable way for companies to efficiently manage their LEI codes, a requirement for all legal entities involved in the financial markets, including securities trading.”
Nasdaq LEI offers:
– seamless LEI code application with integration with local business registers to automatically retrieve and maintain data;
– multi-year LEI subscriptions;
– competitive prices with discounts for multi-year LEI subscriptions;
– transfer of LEIs for free;
– built-in notifications to banks or brokerages of LEI events;
– digitalized Power of Attorney submission.
In addition, Nasdaq LEI facilitates financial institutions and other intermediaries in monitoring and managing LEIs on behalf of their clients, ensuring efficient onboarding, uninterrupted service and supporting regulatory compliance. It provides an intuitive and user-friendly graphical user interface (GUI) and application programming interface (APIs).
Nasdaq CSD is accredited by GLEIF (Global Legal Entity Identifier Foundation) to provide LEI issuance and management services in 25 countries, including Sweden, Denmark, Iceland, Norway and the Baltics.
Legal Entity Identifier or LEI code is a unique 20-character code. All legal entities participating in the financial markets (incl. trading in securities) are obliged to have an LEI code. The LEI plays an important role in identifying legal entities involved in financial transactions and is an integral part of regulatory reporting and supervision at a global level.
About Nasdaq CSD
Nasdaq CSD operates regional central securities depositories in the Baltics and Iceland. It provides a post-trade infrastructure and a wide range of securities services for Baltic and Icelandic market participants. Nasdaq CSD has over 70 billion EUR under custody and services issuers and participants in the Baltics and Iceland. Nasdaq CSD is licensed under the European CSDR and supervised by the respective regulatory institutions. The depository is powered by straight-through processing technology connected to the pan-European T2S platform. Nasdaq CSD is a part of the Nasdaq Group. To learn more, visit: nasdaqcsd.com
About Nasdaq
Nasdaq (NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at nasdaq.com
Media contacts:
Sanita Gailāne
sanita.gailane@nasdaq.com
+371 25 277 733
