Legal entity identifier and Iteration: Difference between pages

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(LEI).
A repeated calculation process in which the results or other outputs from the earlier runs are used directly as inputs - or to calculate the inputs - for subsequent runs of the calculation.


Legal Entity Identifier 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). 


Iteration is particularly useful for solving problems which cannot be solved by simple formulae or other algebraic methods. 


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. 
For example calculating the internal rate of return for more complex sets of project cash flows.
 
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 ==
== See also ==
* [[EMIR]]
* [[Extrapolation]]
* [[Entity]]
* [[Internal rate of return]]
* [[Financial Stability Board]]
* [[Interpolation]]
* [[G20]]
* [[Linear interpolation]]
* [[LEI ROC]]
 
 
==Other resources==
*[http://www.treasurers.org/node/10043 Technical Briefing, The Treasurer, April 2014]
*[http://www.leiroc.org/ LEI ROC website]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Compliance_and_audit]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:The_business_context]]

Latest revision as of 17:37, 26 November 2023

A repeated calculation process in which the results or other outputs from the earlier runs are used directly as inputs - or to calculate the inputs - for subsequent runs of the calculation.


Iteration is particularly useful for solving problems which cannot be solved by simple formulae or other algebraic methods.

For example calculating the internal rate of return for more complex sets of project cash flows.


See also