What is ISO 17442-1 about?
ISO 17442-1 is an international standard used for financial services that specifies the elements of legal entity identifier (LEI) which helps in identifying the legal entities while performing financial transactions.
ISO 17442-1 is the first part of financial services in multi-series. ISO 17442-1 specifies the minimum elements of an unambiguous legal entity identifier (LEI) scheme to identify the legal entities relevant to any financial transaction.
Note 1: ISO 17442-1 is applicable to “legal entities”, which include, but are not limited to, unique parties that are legally or financially responsible for the performance of financial transactions or have the legal ri...