Legal Entity Identifier (LEI) is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction. It is a unique.....digit alphanumeric code that is assigned to a legal entity.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Legal Entity Identifier (LEI) is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction. It is a unique____digit alphanumeric code that is assigned to a legal entity.

A	20
B	15
C	25
D	10

Explanation:

Detailed explanation-1: -The Legal Entity Identifier (LEI) is a 20-character alpha-numeric code used to uniquely identify parties to financial transactions worldwide. It has been implemented to improve the quality and accuracy of financial data reporting systems for better risk management.

Detailed explanation-2: -The Legal Entity Identifier (LEI) is a reference code-like a bar code-used across markets and jurisdictions to uniquely identify a legally distinct entity that engages in a financial transaction.

Detailed explanation-3: -It is possible to complete an LEI number search using either the name of the company or the LEI number. Once used, the search tool access will automatically display any LEI information that is accessible through the database. It is also possible to filter the results of a legal entity identifier search by country.

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