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Introduction of Legal Entity Identifier for large corporate borrowers

RBI - RBI/2017-18/82 DBR.No.BP.BC.92/21.04.048/2017-18 - Dated:- 2-11-2017 - RBI/2017-18/82 DBR.No.BP.BC.92/21.04.048/2017-18 November 02, 2017 All Scheduled Commercial Banks (Excluding Regional Rural Banks), All India Financial Institutions (Exim Ba .....

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al Financial Crisis. LEI is a 20-digit unique code to identify parties to financial transactions worldwide. 2. The LEI for the participants of the OTC derivatives market has since been implemented vide circular RBI/2016-17/314 FMRD.FMID No.14/11.01.0 .....

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#8377; 5 crore and above will be introduced in a phased manner (extract enclosed). Accordingly, it has been decided that the banks shall advise their existing large corporate borrowers having total exposures of ₹ 50 crore and above to obtain LE .....

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50 crore would be issued in due course. 4. Banks should encourage large borrowers to obtain LEI for their parent entity as well as all subsidiaries and associates. 5. Entities can obtain LEI from any of the Local Operating Units (LOUs) accredited by .....

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ia Limited (CCIL), which has been recognised by the Reserve Bank as issuer of LEI under the Payment and Settlement Systems Act, 2007 and is accredited by the GLEIF as the Local Operating Unit (LOU) in India for issuance and management of LEI. 6. The .....

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(A) of the Banking Regulation Act, 1949. Yours faithfully, (S.S. Barik) Chief General Manager-in-Charge Extracts from Statement on Developmental and Regulatory Policies dated October 4, 2017 5. Legal Entity Identifier (LEI) - It has been decided to r .....

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