What is LEI and where can a client get one?
Clients other than private individuals require a LEI (Legal Entity Identifier) or PRE-LEI for the purpose of complying with the obligations stipulated under EMIR, particularly for reporting transactions to trade repositories.
Clients (except private individuals) who have concluded a derivative trade with Raiffeisenbank a.s. that remains unsettled till 16 August 2012 and clients who have concluded or conclude a derivative trade with Raiffeisenbank a.s. after 16 August 2012 must arrange for LEI at their cost.
Clients who have not concluded a derivative trade during the said period, but have concluded, for example, a currency conversion with T+2 or earlier settlement, or a deposit product, and will not carry out derivative trades in the future, are not obliged to acquire their LEI.
A list of current LEI or PRE-LEI providers is available at:
Raiffeisenbank a.s. informs its clients that Centrální depozitář cenných papírů, a.s. becomes a LEI provider since the half of December 2013.
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