Russian CSD Begins Assigning Pre-LEIs

Russian CSD the National Settlement Depository (NSD) has begun assigning pre-Legal Entity Identifiers (pre-LEIs) to Russian legal entities.

The Regulatory Oversight Committee (ROC) assigned a four-digit pre-Local Operating Unit (LOU) prefix to NSD in March, allowing the company to provide the appropriate services to legal entities.

The pre-LEI is a preliminary legal entity identifier assigned in accordance with ISO 17442 and used for identification of legal entities in the interim Global Legal Entity Identifier System (GLEIS) established by ROC until the launch of the permanent GLEIS, when pre-LEIs will become the official LEIs.

NSD developed special software for this purpose and approved the appropriate tariffs and documents regulating its interactions with legal entities in respect of providing these services.