Strate is South Africa’s principal central securities depository and central collateral platform. Our purpose is to serve the financial markets through the safekeeping of the legal, digital record of securities ownership. We provide associated settlement and asset services while facilitating the reuse of securities to benefit the economy.
At the heart of what we do, is the safeguarding of ownership rights for public and private market securities in South Africa. These records, held digitally, represent the legal record of ownership for all equities, bonds, money markets and participatory notes in collective investment schemes (ETFs) entrusted to Strate for safekeeping. As the market trusts us to independently and accurately hold the legal record of securities ownership, we are able to safeguard investors’ rights and contribute to upholding financial market stability.
A Legal Entity Identifier (LEI) is a 20-digit reference code used to uniquely identify legally distinct entities that engage in financial transactions as well as associated reference data.
LEI codes are:
Unique - once assigned to an entity, it is never assigned anywhere else even if the entity ceases to exist.
Exclusive - a legal entity that has obtained an LEI cannot obtain another one. Entities may port the maintenance of their LEI from one operator to another. The LEI remains unchanged in the process.
LEIs follow a standard format globally as determined by the International Organisation for Standardisation (ISO).