Ragini Communications Inc.
Legal Entity Identifier (LEI) Solution   

Operating under a self-registration model, the objective of the Legal Entity Identifier (LEI) initiative is to create a globally unique unambiguous identifier associated with a single corporate entity.


RCI's LEI Solution Satisfy LEROC regulatory requirements with key benefits:

  • Help ID counter party using Legal Entity Identifier, manage risk.

Challenge

Complying with LEI creates following challenges :

  • Issues with data protection and cross-border data sharing.

  • Scenarios could arise where the same legal entity has a different Legal Entity Identifier (LEI) in different Local Operating Unit (LOU) repositories. This would be an issue for any federated registration model.

  • The Global Legal Entity Identifier System (GLEIS), by its global nature, has to contend with cross-border Jurisdictional differences.

  • The objective of search is that the Entity detail come in order wise update and provides each and every update.

  • A Legal Entity Identifier (LEI) can be registered by a method known as "Assisted Registration" that is by a third party. Although permission must be gained it is not clear which party would be liable for the quality and completeness of the data.



Solution

Key Capabilities

  • Currently loaded Entity details' data can be exported to CSV or Excel format.

  • Download Entity data related updates automatically on daily basis.

  • Search Entity names and review particular Details (Main Identifier, Other Identifiers and Connections) as well as all future LEI data related updates from single view.

  • Get Global (for New Entity data) and subscribed / Entity Specific Notifications.

  • Print the summary of entity as report.


Legal Entity Identifier (LEI) Solution Operating under a self-registration model, the objective of the Legal Entity Identifier (LEI) initiative is to create a globally unique unambiguous identifier associated with a single corporate entity.


Benefits
  • Enables organizations to more effectively measure and manage risk while providing substantial operational efficiencies and customer service improvements.

  • With the aggregation of data, there is the possibility to reduce the amount of reconciliation required across the internal databases and provide more interoperability across systems that run off of different identification schemas.

  • Accurate identification of counterparties could negate the amount of breaks in trades due to incomplete or inaccurate counterparty data.

  • For mergers and acquisitions notifications specifically, the LEI could eventually negate the need for firms to support complicated cross-referencing of data from different vendors across different proprietary identification codes.

  • Data linking via the LEI code can also help financial institutions improve data flow, data timeliness and risk management.




Features

Category Feature
Entity Details Shows all entity records and their updates
  Notifications bar to show new entity records added and updates in existing records in last 7 days
  Review Entity Details including Main Identifier, Alternate Names, Connections and Sources
  Ability to mark Entity record as Favorite
  Ability to export entity details to CSV or XLS
 
Data Warehouse Process data file from multiple internal sources
  Process data file from multiple external sources
  Process data stream from multiple internal sources
  Process data stream from multiple external sources
 
Other Common Security Module
Audit Manager to log all user actions
Agency Compliance

The Legal Entity Identifier Regulatory Oversight Committee - LEIROC
http://www.leiroc.org/



Reports
Data Warehouse provides enhanced reporting. Key out of box report includes:

Title
Entity Summary by Certification State
Entity Summary by Record State
Entity Summary by US State
Entity Summary by Country
Entity Summary by Status

Process & Data Approach


Entity Data Manager

Records of all Entities are available through List of Entities screen. Search option is also provided to search for entity names using full / partial search.


Review Entity Details

Entity details screen shows Entity Main Identifier details which includes Entity Full Name, Registered Address, Legal Form, Certification and Record state as well as last updated date.


Export Entity Data to CSV / XLS

Export Entity data (information of all four tabs) to CSV / XLS file.


Entity Data Change Notifications

Notifications bar to show updates in existing entity records as well as new records loaded as part of daily data file update.


LEI Solution Reports
  • Entity Summary by Certification State

  • Entity Summary by Record State

  • Entity Summary by US State

  • Entity Summary by Country

  • Entity Summary by Status


 

Summary of Audit Per Application

 

Legal Entity Identifier | ISO17442:2012 | LEI Regulatory Oversight Committee | Central Operating Unit | Local Operating Units (LOU) | European Market Infrastructure Regulation (EMIR)| Dodd–Frank Wall Street Reform and Consumer Protection Act | Over-The-Counter (OTC) derivatives | Financial Stability Board (FSB) | Assisted Registration

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