TR Question 10: Codes [last update 1 November 2017]
LEI (Legal Entity Identifier)
(a) Can a client code be used (e.g. account no. or member id) for customers who do not have LEI?
(b) What code should be used to identify counterparties?
(c) Will the LEI cover branches or desks?
(d) If a counterparty is established in a third country whose legal framework prevents the disclosure of its identity by the European counterparty subject to the reporting obligation, how should the European counterparty fill the counterparty field?
UPI (Unique Product Identifier) and UTI (Unique Trade Identifier)
(e) What codes should be used / is there any development in the UPI and UTI?
TR Answer 10
(a) Yes, where customers are individuals not acting in business capacity. For customers other than individuals see (b) on the ID of counterparties below.
(b) An LEI issued by, and duly renewed and maintained according to the terms of, any of the endorsed LOUs (Local Operating Units) of the Global Legal Entity Identifier System. The list of endorsed LOUs is available at: https://www.gleif.org/en/lei-focus/how-to-get-an-lei-find-lei-issuing-organizations.