{"id":47078,"date":"2026-02-04T07:50:47","date_gmt":"2026-02-04T07:50:47","guid":{"rendered":"https:\/\/www.worldfirst.com\/nz\/?post_type=docs&#038;p=47078"},"modified":"2026-02-04T07:50:47","modified_gmt":"2026-02-04T07:50:47","slug":"understanding-lei-codes-for-fx-forward-trades","status":"publish","type":"docs","link":"https:\/\/www.worldfirst.com\/nz\/help-center\/fx-trades\/understanding-lei-codes-for-fx-forward-trades\/","title":{"rendered":"Understanding LEI Codes for FX Forward Trades"},"content":{"rendered":"\n<h2><span style=\"font-size: 24px;text-transform:none\">1. What is an LEI Code?<\/span><\/h2>\n\n\n\n<p id=\"u9c7fa360\">An <strong>LEI (Legal Entity Identifier)<\/strong> is a unique 20-character code assigned to companies, funds, trusts, and other organizations that participate in financial transactions. Created according to the ISO 17442 international standard, the LEI provides an official way to identify legal entities worldwide.<\/p>\n\n\n\n<p id=\"uc3d0c3c1\"><strong>Why is it important?<\/strong><\/p>\n\n\n\n<ul>\n<li>Ensures transparency in financial markets<\/li>\n\n\n\n<li>Helps meet regulatory requirements for anti-money laundering (AML) and Know-Your-Customer (KYC)<\/li>\n\n\n\n<li>Allows financial institutions to accurately identify counterparties in trades<\/li>\n<\/ul>\n\n\n\n<p id=\"u8ef43b79\">If you want to trade FX Forward contracts with WorldFirst, you\u2019ll need to have a valid LEI.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2><span style=\"font-size: 24px;text-transform:none\">2. Who Needs an LEI Code?<\/span><\/h2>\n\n\n\n<p id=\"u4c502a2f\">LEIs are <strong>required for any legal entity<\/strong> that regularly enters into financial contracts, such as companies, partnerships, trusts, and funds. If your organization wants to trade FX Forwards, you must have\u2014and maintain\u2014a valid LEI.<\/p>\n\n\n\n<div class=\"wp-block-columns has-background is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\" style=\"background-color:#f78da83b\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<p id=\"u3806f094\"><strong>Note:<\/strong><br>LEIs are <em>not<\/em> issued to individual persons. Only organizations acting as \u201clegal entities\u201d need an LEI.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2><span style=\"font-size: 24px;text-transform:none\">3. How to Register for an LEI Code<\/span><\/h2>\n\n\n\n<p>You can apply for an LEI through specialized organizations called Local Operating Units (LOUs), which are accredited by the Global Legal Entity Identifier Foundation (<a href=\"https:\/\/www.gleif.org\/en\/about-lei\/how-to-get-an-lei-find-lei-issuing-organizations\" target=\"_blank\" rel=\"noreferrer noopener\">GLEIF<\/a>).<\/p>\n\n\n\n<p><strong>Steps to get an LEI:<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>Choose an LOU<\/strong> from the official GLEIF list: <a href=\"https:\/\/www.gleif.org\/en\/about-lei\/how-to-get-an-lei-find-lei-issuing-organizations\" target=\"_blank\" rel=\"noreferrer noopener\">Find LEI issuers here<\/a><\/li>\n\n\n\n<li><strong>Prepare documents<\/strong> usually including:\n<ul>\n<li>Company registration number<\/li>\n\n\n\n<li>Legal name and address<\/li>\n\n\n\n<li>Jurisdiction of incorporation<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Submit your application<\/strong> online through your chosen LOU<\/li>\n\n\n\n<li><strong>Pay the fee: <\/strong>Issuing and annual renewal fees vary by LOU (typically \u00a360-\u00a3100 per year)<\/li>\n\n\n\n<li><strong>Receive your LEI: <\/strong>Most applications are processed within a few days<\/li>\n<\/ol>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"no-valid-lei\"><span style=\"font-size: 24px;text-transform:none\">4. What Happens If You Don\u2019t Have a Valid LEI?\n<\/span><\/h2>\n\n\n\n<p id=\"udab7ac56\">If your organization does <strong>not have a valid (active) LEI<\/strong>:<\/p>\n\n\n\n<ul>\n<li>You cannot book new FX Forward trades or amend existing contracts at WorldFirst<\/li>\n\n\n\n<li>Regulatory rules prevent us from processing such transactions<\/li>\n\n\n\n<li>If your LEI expires, existing FX Forward agreements may be blocked, and you could incur penalties or disruption in settlement<\/li>\n<\/ul>\n\n\n\n<p id=\"uc8e2dab4\"><strong>To avoid issues:<\/strong><br>Please renew your LEI code before it expires to keep your access to FX Forwards uninterrupted.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2><span style=\"font-size: 24px;text-transform:none\">5. Renewing Your LEI Code<\/span><\/h2>\n\n\n\n<p>LEIs <strong>must be renewed <\/strong>every year to remain active and up-to-date in the global database.<\/p>\n\n\n\n<p><strong>Key points:<\/strong><\/p>\n\n\n\n<ul>\n<li>You should renew with your current LOU (or transfer to another LOU if needed)<\/li>\n\n\n\n<li>Your LEI code stays the same for your organization; you cannot get a second code<\/li>\n\n\n\n<li>If not renewed by the deadline, your LEI becomes inactive and will block FX Forward activities<\/li>\n<\/ul>\n\n\n\n<p>Most LOUs will send annual reminders. <\/p>\n\n\n\n<p><strong>We recommend setting your own calendar reminders as well.<\/strong><\/p>\n\n\n\n<p>Check your LEI status or expiration date: <\/p>\n\n\n\n<p><a href=\"https:\/\/search.gleif.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">GLEIF LEI Search Tool<\/a><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2><span style=\"font-size: 24px;text-transform:none\">6. Frequently Asked Questions<\/span><\/h2>\n\n\n\n<p><strong>Q: How do I know if my LEI is valid?<\/strong><br>A: Search for your code on the <a href=\"https:\/\/search.gleif.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">GLEIF website<\/a>. If listed as \u201cLapsed\u201d or \u201cInactive\u201d, renew promptly.<\/p>\n\n\n\n<p><strong>Q: Can I transfer my LEI to another issuer?<\/strong><br>A: Yes. Contact your current and new LOU to arrange the transfer.<\/p>\n\n\n\n<p><strong>Q: What if I forget to renew?<\/strong><br>A: Your LEI will be marked \u201cLapsed\u201d and you won\u2019t be able to book or amend FX Forward trades.<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>Q: Where can I get support?<\/strong><br>A: If you need help or have questions about LEI codes, please reach out to WorldFirst support at anzclients@service.worldfirst.com:<\/p>\n\n\n\n<ul>\n<li>In Australia 1800 326 667<\/li>\n\n\n\n<li>In New Zealand 0800 666 114<\/li>\n\n\n\n<li>Outside Australia +61 2 8298 4990<\/li>\n<\/ul>\n\n\n\n<p>Outside Australia +61 2 8298 4990<br>Regular opening hours (except for AU public holidays)<br>Monday to Thursday: 8am-6pm (AEST\/AEDT time)<br>Friday: 8am-5:30pm (AEST\/AEDT time)<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2><span style=\"font-size: 24px;text-transform:none\">7. Useful Resources and Links<\/span><\/h2>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.gleif.org\/en\/about-lei\/how-to-get-an-lei-find-lei-issuing-organizations\" target=\"_blank\" rel=\"noreferrer noopener\">GLEIF Accredited LEI Issuers<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/search.gleif.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Search for an LEI<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.worldfirst.com\/au\/legal\/terms-and-conditions\/\" target=\"_blank\" rel=\"noreferrer noopener\">WorldFirst Terms &amp; Conditions<\/a> (AU) \/ <a href=\"https:\/\/www.worldfirst.com\/nz\/legal\/terms-and-conditions\/\" target=\"_blank\" rel=\"noreferrer noopener\">WorldFirst Terms &amp; Conditions<\/a> (NZ)<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. What is an LEI Code? An LEI (Legal Entity Identifier) is a unique 20-character code assigned to companies, funds, trusts, and other organizations that participate in financial transactions. Created according to the ISO 17442 international standard, the LEI provides an official way to identify legal entities worldwide. Why is it important? If you want [&hellip;]<\/p>\n","protected":false},"author":74,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"doc_category":[31],"doc_tag":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Understanding LEI Codes for FX Forward Trades | WorldFirst NZ<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.worldfirst.com\/nz\/help-center\/fx-trades\/understanding-lei-codes-for-fx-forward-trades\/\" \/>\n<meta property=\"og:locale\" content=\"en_NZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding LEI Codes for FX Forward Trades\" \/>\n<meta property=\"og:description\" content=\"1. What is an LEI Code? 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