LEI allocation fee will be reduced by €12

As of 1 October 2016, WM Datenservice will reduce its fee for the initial allocation of a Legal Entity Identifier (LEI) by €12. The initial verification of an LEI will then cost only €145 (net). The net fee for the annual renewal of an LEI will be reduced by €12 as well; to €95 (net) annually. Since April 2013 WM Datenservice, Europe’s largest agency for the allocation of Legal Entity Identifiers (LEIs), has been operating the WM-LEIPORTAL. By reducing the abovementioned fees, WM Datenservice is passing on its economies of scale in connection with the initial allocation and renewal of LEIs to its customers.

The LEI is a worldwide valid code required for the identification of companies, banks, insurers and pension funds due to regulatory requirements. For instance, the LEI increases the transparency for the trading of over-the counter derivatives, securities and for lendings.

WM Datenservice has already allocated the 20-digit alphanumeric code for more than 66,000 entities of more than 132 countries (as of September 2016).

  • News

    ESMA Grants a Transitional Period
    21.12.2017
    According to MiFID II (Markets in Financial Instruments Directive) and MiFIR (Markets in Financial Instruments Regulation) all counter parties of securities transactions... Read more.
    LEI Application at the Turn of the Year 2017/18
    12.12.2017
    Please note that due to an extensive 2017 year-end processing at WM Datenservice and under consideration of our due diligence obligations in regard to the LEI... Read more.