Do you already have a LEI code, but would like to transfer it and enjoy the benefits of our low LEI code prices and excellent customer service? Then you are at the right place. The LEI transfer does not cost anything – you only pay for the LEI code renewal, for either 1, 3 or 5 years.
At LEI System, you can transfer and renew your Legal Entity Identifier (LEI) number at a very competitive price, based on our price comparison. By transferring and choosing a renewal period longer than one year, you can save even more.
If you would like to understand more about the costs of obtaining and using an LEI code, the fees involved, and how to choose the right LEI service provider, see our detailed guide: The Costs Related to an LEI Code.
Even if you have prepaid a LEI validity period with another supplier, it is still possible to move the LEI number to our management right away. We will make sure that you do not lose any of the prepaid period.
We can sumbit a LEI for transfer and renewal 60 days before it is no longer valid with GLEIF, meaning if your LEI number is no longer valid in 90 days we will hold your order for 30 days and then submit the transfer and renewal request on your behalf when we reach the 60 days before mark.
If you already have a LEI number, then it will have been issued through a LOU (Local Operating Unit). LOUs are the entities that in practice issue the LEI numbers. For you to take advantage of our low LEI management prices, you will have to transfer the LEI number to the LOU we are cooperating with.
This process is 100% free for you and the LEI number will not undergo any changes – it is a purely administrative exercise that we will take care of. We are not able to renew your LEI code before it has been transferred to our partner LOU.
The transfer process can take up to 7 days – it depends entirely on your old supplier.
Remember if you have a long contract with your current LEI management company – you have to cancel that contract.
Transferring your LEI number to our management is simple and completely free with LEI System. All you need to do is enter your entity’s registration number and verify your information. The transfer process typically takes around 7 business days to complete. Please note that transfers generally take longer to process, and this is standard across all service providers within the LEI system.
LEI System offers LEI code renewals at a very competitive price. By choosing a longer renewal period, you can enjoy additional savings and avoid the hassle of renewing your LEI each year.
