As an investment company, Vivid Money B.V. requires all business customers any investment product (Model Portfolios, Business Brokerage, Crypto Earn) to have a Legal Entity Identifier (LEI) code. The LEI code is a unique digital identifier that promotes transparency and clarity in the global financial market, making it mandatory for legal entities involved in financial transactions.
As such, to continue using your investment product, you must enter your LEI code before submitting an order.
If you already have an LEI code, simply click the banner. A pop-up message will appear; select “My company already has an LEI code,” and you’ll be prompted to enter your company’s LEI code. If you don’t have an LEI code, we can assist you in obtaining one. We partner with RapidLEI to provide LEI codes, which are valid for one year.
The process is straightforward: on the same banner, click “Continue” to give your consent for us to issue an LEI code for you, and we’ll initiate the process. The LEI code will be sent to the email addresses of all users with Admin and Owner roles in the business account usually within 1 business day (in exceptional cases up to 3 business days) of your request.
Please note:
Only the Owner or Admin can issue or add an LEI code.
The LEI code is only required for Business Accounts. If you have a Freelancer Account, you can use the investment products without needing to provide an LEI code.
Is there a fee associated with requesting an LEI code?
Requesting an LEI code is free unless you are on the Free Start plan, in which case a 25 EUR fee is applied. If you are on a paid plan and downgrade to Free Start during the first year after requesting the LEI code, the 25 EUR fee will be charged retrospectively.