Hackathon onboarding

Client Instructions vLEI Onboarding – High Level

Apply for your Legal Entity vLEI Credential here: https://onboarding.globalvlei.com/

What do I need to complete the application?

1. ISSUED LEI code for the Legal Entity
   https://search.gleif.org/#/search/
   1. No LEI or LAPSED LEI Code? No problem! You can handle this here:
      Request an LEI: https://nordlei.org/register-lei
      Renew an LEI: https://nordlei.org/account-renew-lei
2. Company email address
3. 1 Signatory is required (DAR)
4. 3 Administrators are required (LARs)
   1. Only 1 LAR is required if Legal Entity is a Sole Proprietorship
5. Passport or National ID card for all participants (DAR & LARs)
   1. Proof of Authority also required for DAR only such as Board Minutes confirming the authority of the DAR to sign on behalf of the Legal Entity

Meetings required

2 meetings are required and will be scheduled by the Global vLEI Onboarding Team.

Meeting 1: Signatory only to attend, show identification, sign Designation of Authority Form; which confirms the names of the Administrators via Scrive. Est. 10 minutes

Meeting 2: All named administrators attendance only; show identification, create Cloud Wallet and issue LE credential. Est. 30 minutes

Client: Application Process

• Applicant will add their company email address to start the vLEI application
• Submit the verification code; sent instantly to the email address
• Enter the Legal Entity Name to find the required LEI code
  • LEI must be ISSUED and remain in an ISSUED status
• Applicant to add information for the Signatory (DAR)
  • Name to be added as recorded on official ID document
  • Email address to be provided
    • Provide copy of Passport/National ID (PDF preferred)
    • Provide proof of authority for the Signatory
• Applicant to add information for the 3 Administrators (LARs): Only 1 administrator is required if Legal Entity is a Sole Proprietorship)
  • Names to be added as recorded on official ID document for each administrator
  • Email addresses for each administrator to be provided
  • Provide copy of Passport/National ID (PDF preferred) for each administrator
• Add invoice information; ensuring all fields are completed
• Review the application & Submit

Applicant will then receive a confirmation email. Please look out for emails from our Global vLEI team, who will contact you regarding your application and to schedule the required Onboarding meetings.

Client: Your application; What happens next?

Our Global vLEI team will take the following steps to review each application;

• Confirm that the Legal Entity has an ISSUED LEI code
  • We will reach out with instructions if this pre-requisite is not met
• Confirm there is a Signatory Name in the application and review the ID and Proof of Authority documents
• Confirm that 3 administrators have been included in the application and review the ID documents for each person
  • If our team requires further clarifications or documents to complete your application, they will contact the applicant email to request these.
  • Our Team will ensure that all documents are in good order prior to arranging any Onboarding Meetings.
• Email the applicant contact, to confirm the application and arrange the Signatory Meeting
  • Meeting 1: Signatory only to attend, show identification in the meeting, sign Designation of Authority Form; which confirms the names of the Administrators via Scrive. Est. meeting time: 10 minutes
• Complete Meeting 1, with the Signatory of the Legal Entity
• Email the applicant contact, to arrange the Administrators Meeting
  • Meeting 2: All named administrators attendance only; show identification, create Cloud Wallet and issue LE credential. Estimated meeting time: 30 minutes
• Complete Meeting 2, with all 3 Administrators in attendance. Create Cloud Wallets, complete challenge questions to create the Legal Entity Group.
• Legal Entity Credential issued.