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m (Added link to latest technical briefing and moved existing 'reference' into other links. Added see also to Financial Stability Board.)
 
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1''Lending and borrowing - hedging.''
Legal Entity Identifier or LEI is a unique identity reference number allocated to a company in accordance with an internationally agreed standard administered by the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS).   


A mechanism under which two parties lend each other matching sums on matching terms in different currencies or on a different interest rate basis, with the objective of obtaining a cost advantage or of hedging currency or interest rate risk.
The ROC is a stand-alone committee established by the international Financial Stability Board (FSB) and endorsed by the Group of 20 (G-20) nations.


It held its inaugural meeting in January 2013.


2.  ''Lending and borrowing.''
The ROC in turn has authorised Local Operating Units (LOU) which generate and issue the LEIs.


A similar arrangement undertaken for any other purpose.


== See also ==
* [[EMIR]]
* [[Financial Stability Board]]


== See also ==
* [[Currency risk]]
* [[Hedging]]
* [[Interest rate risk]]
* [[Loan relationship]]
* [[Unbacked]]


[[Category:The_business_context]]
==Other links==
[[Category:Financial_products_and_markets]]
[http://www.treasurers.org/node/10043 Technical Briefing, The Treasurer, April 2014]
 
http://www.leiroc.org/

Revision as of 16:01, 24 May 2014

Legal Entity Identifier or LEI is a unique identity reference number allocated to a company in accordance with an internationally agreed standard administered by the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS).

The ROC is a stand-alone committee established by the international Financial Stability Board (FSB) and endorsed by the Group of 20 (G-20) nations.

It held its inaugural meeting in January 2013.

The ROC in turn has authorised Local Operating Units (LOU) which generate and issue the LEIs.


See also


Other links

Technical Briefing, The Treasurer, April 2014

http://www.leiroc.org/