To: Harris County Commissioners Court
Through: Amy Perez, Director of Financial Management, Budget Management Department
prepared
Prepared By: Diana Elizondo, Investment Manager, Budget Management Department
Subject: Setup a Legal Entity Identifier (LEI)
end
Project ID (If applicable]:
Purpose and Request:
title
Request for approval to setup a Legal Entity Identifier (LEI) to identify Harris County as a legal entity that participates in financial transactions on a globally accessible database.
end
Background and Discussion:
Harris County currently uses Bloomberg Professional Services, which is requiring all entities that use their electronic trading platform to have a Legal Entity Identifier (LEI). The LEI is used to help identify legal entities (such as companies or governmental entities) that participate in financial transactions on a globally accessible database. A growing number of global financial regulators, including the U.S. Federal Reserve system, require LEI numbers in their reporting requirements.
This request is to certify that we are authorized to grant permission to apply for and manage a LEI number and that Bloomberg may require written evidence of such authorization upon request. The application fee is $65 and the LEI is good for one year. Future renewals are automatic and will be charged $65 upon renewal.
Fiscal Impact:
[INSTRUCTIONS: A short description of the cost of the request and where you are requesting funding from. No more than 2 sentences. In addition please fill out the table below. This includes financial impact to the current fiscal year and subsequent fiscal years along with the source of funding (general fund, grant, etc.). If the amount is within the current budget, please indicate the amount from 'Existing Department Budget'. If all of or part of the request is a new expense, please indicate funding source in the space provided.]
Fiscal Summary
Expenditures
FY 20-21
FY 21-22 Projected
Future Years Pro...
Click here for full text