The Global Legal Entity Identifier Foundation (GLEIF) says its search engine is now in generation 2.0 – complete with new APIs.
“Now any person or organization anywhere can retrieve rich historical data about a legal entity’s corporate development and ownership, automatically, from within their own application,” states GLEIF’s CEO Stephan Wolf in a press release.
With the new version, users can track changes to any LEI data field back to 2018.
“By expanding the number of search parameters available, LEI Search 2.0 delivers a new level of transparency over how legal entities have evolved over time, enabling faster and more sophisticated counterparty due diligence, heightened granularity in regulatory oversight procedures and richer reporting potential for market data aggregators,” according to the press release.
Using the API is free of charge and does not require registration.
Technically, the Legal Entity Identifier (LEI) is “a 20-character, alpha-numeric code based on the ISO 17442 standard”, including information to help answer ‘who is who’ and ‘who owns whom’.