How will the LEI system work?

The LEI system is an alphanumeric code and associated set of six reference data items to uniquely identify a legally…

5 years ago

Why did the OFR get involved in establishing the global LEI and what is the OFR’s role?

A key element of the OFR’s mandate is to improve the quality and scope of financial data by assessing gaps…

5 years ago

If a global LEI is so useful, why hasn’t it already been established?

Private industry has made several attempts over the past 20 years to establish a global entity identification system. However, private…

5 years ago

Why do we need a global LEI?

The establishment of a global LEI system will be a significant achievement in responding to the vulnerabilities of the global…

5 years ago

What is a global LEI?

The LEI is a reference code to uniquely identify a legally distinct entity that engages in a financial transaction. Currently,…

5 years ago

ZERO COUPON BOND

Zero coupon bonds are bonds that do not pay interest during the life of the bonds. Instead, investors buy zero…

5 years ago

YIELD CURVE

A line graph that shows the relative yields on debt over a range of maturities from three months to 30…

5 years ago

YIELD

The annual percentage rate of return earned on a bond calculated by dividing the coupon interest rate by its purchase…

5 years ago

WRAP ACCOUNT

A wrap account is an investment account where a "wrapped" fee or fees cover all of the management, brokerage and administrative expenses…

5 years ago

WASH SALES

A wash sale occurs when you sell or trade securities at a loss and within 30 days before or after…

5 years ago