GMEI

The GMEI^® utility is DTCC’s legal entity identifier (LEI) solution designed to create and apply a single, universal standard identifier to any organization or firm involved in a financial transaction globally.

• About

  The GMEI utility was developed in response to the financial crisis of 2008- 2009 after governments and regulators called for new financial market regulation. DTCC designed their LEI solution with the assistance of SWIFT and a consortium of 14 global financial services organizations, led by the Global Financial Markets Association (GFMA), to meet global requirements across all asset classes.

  GMEI is accredited by the Global Legal Entity Identifier Foundation (GLEIF) and has been endorsed at a global level by the Regulatory Oversight Committee (ROC), the global group of regulators established by the Group of 20 (G20) and the Financial Stability Board (FSB) to oversee development of the Global Legal Entity Identifier System (GLEIS).

  The GMEI utility portal can be found at www.gmeiutility.org. It includes registration and maintenance functions, search capabilities, file download services plus a user guide and a set of answers to frequently asked questions to assist individuals and organizations in using the portal.

• A Best in Class Service Featuring

  • LEI fulfillment averaging 48-72 hours, among the fastest in the Global LEI System.
  • Collaboration with local registration agents – CUSIP Global Services (CGS), TMX's Canadian Depository for Securities (CDS) and MERSCORP Holdings in North America as well as NordLEI and SIX SIS Ltd. in Europe.
  • Multiple payment methods include credit card, wire, SEPA and ACH, with payments accepted in both Euros and U.S. dollars.

• Helping Firms Prepare for Ensuring MIFID II Compliance

  The Markets in Financial Instruments Directive (MiFID II) introduced the concept of 'no LEI, no trade.' This means that all legal entities involved in a trade, including the executing, submitting or transmitting firm, on both the buy- and sell-side, supply their LEIs in their trade reporting. To assist firms preparing for this MiFID II mandate, the GMEI utility has amended its current pricing structure and has updated its systems and processes to facilitate the collection and validation of information on direct and ultimate parents, otherwise known as Level 2 Data.

  Watch this video to learn more about MiFID II.

  
  

• Contact Us

  For more information about DTCC's legal entity identifier solution, the GMEI Utility, please contact us at [email protected].