E-CLM - Entity Client Lifecycle Management

Definition
Entity Client Lifecycle Management (E-CLM) is the capability that governs how a bank creates, maintains, and retires client entities across their lifecycle. It ensures a single, high-quality source of entity data that underpins onboarding, KYC, tax, regulatory classification, and offboarding processes.

Context
E-CLM integrates client data, workflow, and control services so that all client-related activities operate from a common, validated entity record. It establishes the foundation for efficiency, consistency, and risk control across business lines and jurisdictions.

EM - Entity Management

Definition
Entity Management is the capability through which a bank creates, maintains, and governs information about all legal entities, individuals, and related parties with which it interacts. It ensures that every entity has a single, authoritative record that can be referenced consistently across business lines, systems, and jurisdictions.

Context
Effective Entity Management provides the foundation for E-CLM, enabling onboarding, due diligence, and lifecycle processes to operate from a shared entity record. It supports regulatory compliance, data quality, and operational efficiency by preventing duplication, fragmentation, and ambiguity in client data. Within CNRM, it ensures that relationships and networks are accurately mapped to reveal connected risks and exposures.

Unique Identifier

Definition
A Unique Identifier is a persistent, system-wide reference assigned to each entity, ensuring that the entity can be uniquely recognised and retrieved across all platforms, products, and jurisdictions. It unifies disparate records and enables consistent linkage of client, counterparty, and related-party data.

Context
In banking, the Unique Identifier is essential to both Entity Management and CNRM. It allows a single client or entity record to be referenced across onboarding, KYC, due diligence, and risk systems—even when legacy platforms or regional variations exist. It also supports traceability in audit, risk analytics, and regulatory reporting by eliminating ambiguity in client identification.

A robust Unique Identifier model can reconcile internal IDs with external identifiers (e.g., LEI, Companies House, or tax IDs) and maintain the cross-reference logic required for network-level visibility.