Does GMEI need utility?
The CFTC mandates that any entity that trades or is counterparty to OTC derivative trades must have a GMEI.
What is Gmei utility record?
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.
What is Gmei utility LEI?
Starting on May 1, 2017, GMEI utility will collect Level 2 data for every registration and renewal of Legal Entity Identifiers (“LEI”). Level 2 data provides the answer to the question of “who owns whom” and will allow for the identification of the direct and ultimate parents of a legal entity and vice versa.
What is Gmei utility?
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.
Who needs GMEI?
The CFTC mandates that any entity that trades or is counterparty to OTC derivative trades must have a GMEI. Companies that frequently trade OTC derivatives include financial institutions such as hedge funds, sovereign funds, private equity funds, real estate developers and real estate investment trusts (REITs).
How do I get a legal entity identifier?
Firms can obtain an LEI from their Local Operating Unit (LOU). The GMEI® utility*, an LOU of the GLEIS, is DTCC's legal entity identifier solution. Firms can use the GMEI utility to register for globally accepted LEI codes. Registration is available online at www.gmeiutility.org.