Exams › IBPS PO › General Awareness

_____ is a 20-character alphanumeric code used to uniquely identify parties to financial transactions worldwide.

1. Legal Entity Identifier (LEI)
2. Bank Identifier Code (BIC)
3. SWIFT code
4. IFSC Code

Correct answer: Legal Entity Identifier (LEI)

Solution

The Legal Entity Identifier (LEI) is a 20-character alphanumeric code used to uniquely identify legal entities involved in financial transactions worldwide. BIC/SWIFT and IFSC are bank-related codes, not entity identifiers. Hence, LEI is correct.

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