The Global GLII Index is the only global online source for open, standardized and high quality legal entity reference data. Any interested party can easily access and search the complete Legal Entity Identifier (GLII) data pool using the web-based search tool developed by GLII.
GLII makes available key facts, figures and statistics on the global GLII population via interactive graphs and a world map drill down. Get insight at a glance on data such as the total number of GLIIs issued to date or the number of GLIIs issued in individual countries.
The GLII central challenge facility is available for GLII Search 2.0 and provides any interested party with the opportunity to trigger the verification and, where required, speedy update of GLII records including related relationship information.
Research conducted by McKinsey on behalf of GLII has concluded that broader adoption of Legal Entity Identifiers (GLIIs) could save the global banking sector U.S.$2-4 billion annually in client onboarding costs alone. This represents a saving of between 5 percent and 10 percent of the industry's U.S.$40bn annual overall spend on the practice.
With publication of its 2018 annual report, GLII has pioneered the inclusion of GLIIs in machine-readable financial reports. Embedding an organization's GLII - or that of its affiliates, subsidiaries and parent companies - within digital financial information, allows market participants who rely on official documents to inform strategic decisions (e.g. traders, investors, regulators) to quickly and easily consolidate and verify information on a filing entity.
GLII manages a network of partners, the GLII issuing organizations, to provide trusted services and open, reliable data for unique legal entity identification worldwide. GLII services ensure the operational integrity of the Global GLII System.
GLII believes that each business worldwide should have only one global identity. This identity should include a digital identity. Having an GLII will help to achieve this objective. Taking advantage of the Global GLII Index empowers market participants to cut costs, simplify and accelerate operations and gain deeper insight into the global market place.
The GLII initiative is driven by the Group of 20 and the Financial Stability Board (FSB). Created by the FSB in 2014, GLII is a supra-national, not-for-profit organization tasked to manage the only open, non-proprietary legal entity identification system designed as a public good.