Nasdaq CSD, a central securities depository providing access to the Estonian, Icelandic, Latvian and Lithuanian markets, and an accredited Legal Entity Identifier (LEI) issuer in the Baltic states and Nordics, has released an enhanced LEI service platform, Nasdaq LEI, that provides more straightforward and effective LEI code issuance and management to help firms meet regulatory requirements for the identifier.
“The use of LEI codes has grown significantly over the recent years due to increased activity on the financial markets,” says Indars Aš?uks, 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.”
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; free transfers of LEIs; and built-in notifications to banks or brokerages of LEI events.
The organisation also 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.
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