Terms & Conditions of Use
These Terms apply to and form part of the contract between CB Essential Services, LLC, a New York Limited Liability Company dba HMDA-LEI (the Company) and its clients (the Client). They supersede any previously issued terms and conditions.
No variation of these Terms shall be binding unless expressly agreed in writing by a Managing Member of the Company.
The Company may vary these Terms if such variation is required by the Global Legal Entity Identifier Foundation (GLEIF) or to comply with any agreement which the Company is party to with a Local Operating Unit (LOU).
These Terms should be read carefully before using the Company’s services.
Please contact the Company with any questions regarding these Terms:
HMDA-LEI is a brand of CB Essential Services, LLC, a New York limited liability company whose registered office is at 68-07 Fresh Pond Road, Flushing, NY 11385.
The Company operates as an Official Registration Agent of the Global Legal Entity Identifier Foundation (GLEIF).
The Company operates as an Official Registration Agent for the GLEIF in the name of the Client and cooperates with a GLEIF accredited Local Operating Unit (LOU) to order or renew Legal Entity Identifiers (LEIs) for its clients.
The Company is not legally affiliated with any LOU and may use different LOUs depending on the prevailing conditions within the market. The Company does not operate as a LOU in respect of LEIs.
The Client gives all rights to the Company to apply for a new LEI code or extend an existing LEI on the Client's behalf as well as sign the Terms of the selected LOU, RapidLEI.
The Applicant confirms it has full authority to apply for a LEI or authorize extension on behalf of the Legal Entity and is made aware it may need to supply a Letter of Authorization (LoA) confirming this.
An Order will be counted as Final after sufficient data has been submitted and payment received.
If the Company is unable to complete a Client’s order due to insufficient data, inability to process payment, or lack of Applicant authorization, it shall notify the Client as soon as reasonably practicable.
Client is made aware that if notified and requested information is not presented, the Company cannot proceed with the order and no binding obligation to supply services shall arise.
The Client has different Order Types available to it. These are set out on the Website and the process for each is described below.
This option is for Clients which have never been issued a LEI.
The Client either:
- Has a registered director serve as Applicant; or
- Has LoA signed by registered director granting signatory power to the Applicant
This option is for Clients which have been issued a LEI.
If existing LEI was issued through the Company:
- The Client can complete order using the same process described above
If existing LEI was issued through a separate Legal Entity:
- The Client must have a registered director sign and return a LoA to the Company
- Entails a change of LOU
Bulk pricing is available for the simultaneous order of multiple LEIs. Transmission of LEI data will be discussed through email. Contact firstname.lastname@example.org.
A full list of available payment plans and associated pricing can be found on the Website.
Prices do not include sales tax. Sales tax will be added as the Company deems required.
The Company may offer discounts for bulk purchasing multiple LEIs. Such discounts would be at the Company’s discretion and agreed between the Client and Company prior to ordering.
The Company may increase pricing at any time by giving the Client no less than 30 days prior written notice from Billing Cycle termination or renewal date.
The Client will be billed either on a one-time basis or a recurring and periodic schedule ("Billing Cycle"). Billing Cycles are set on a yearly basis and begin as soon as an initial payment is processed. Any order type can be billed for a service length as set out below.
Order types can be billed for a minimum of 1-year.
Client will be charged a one-time fee and recieve notification no less than 30 days before the Billing Cycle termination date with an option to select current/alternative payment plan.
The Company also provides an option for the Client to sign up for a long-term service which involves the Company managing yearly LEI renewals for the Client.
For any long-term service, the Client is made aware it grants the Company right to:
- Automatically process payment along the established Billing Cycle
In addition, if the Client selects the long-term service marked (“Perpetual”), Client is made aware it grants the Company right to:
- Renew LEIs indefinitely
At the end of each Billing Cycle, your Plan will automatically renew under the same conditions unless cancelled by the Client or cancelled by the Company.
Cancel a Payment Plan by contacting the Company’s customer support. A change will be reflected in the next Billing Cycle.
Should automatic billing fail to occur for any reason, the Company will issue an electronic invoice indicating that the Client must proceed, within a certain deadline date, with the full payment as indicated on the invoice.
The Client will pay pricing associable to the selected payment plan via regular bank wire to the bank account nominated by the Company. The Client shall pay all fees in full without deduction or set-off and in cleared funds.
Payments are only accepted in USD (United States Dollar).
A valid payment method, including Visa, Mastercard, American Express, or Discover, is required to process the payment. You shall provide the Company with accurate and complete billing information including full name, address, state, zip code, telephone number, and any other valid payment information. By submitting such payment information, you automatically authorize the Company to charge selected fees along a schedule previously outlined.
The Company will start the LEI application or extension process shortly after the Client has made the payment.
The LEI code will be issued as soon as possible. In most cases, a LEI will be issued in under 24 hours.
If the Client has submitted insufficient or erroneous data, the process can only be resumed once the Company has acquired necessary information from the Client.
Extending a LEI issued by a separate service provider can take up to 7 days.
The Company reserves the right to not issue refunds.
Limitation of Liability
The Client is fully responsible for any LEI number related activity which is connected to the Legal Entity they are representing. The Company is not responsible in any way for possible damage related to LEIs.
These Terms & Conditions and your use of the Website are governed by and construed in accordance with the laws of the State of New York applicable to agreements made and to be entirely performed within the State of New York, without regard to its conflict of law principles.