The Global Legal Entity Identifier Foundation (GLEIF) has published the long awaited relationship file that matches an organization’s Business Identifier Code (BIC) to its Legal Entity Identifier (LEI).
The BIC is an 8 character code, defined as ‘business party identifier’ consisting of the party prefix (4 alpha-numeric), the country code (2 alpha) and the party suffix (2 alphanumeric). The branch identifier includes a 3 character optional element of the BIC known as the branch code and used to identify specific locations, departments, services or units of the same business party.
As of February 2018, more than one million LEIs have been issued to legal entities globally. Of the approximate 130,000 BICs assigned to date, currently some 45,000 pertain to organizations that are legal entities or foreign branches, and therefore qualify for the mapping against LEIs. Further information can be found here.