Yes, multi-year options help avoid lapsed LEIs. We recommend that you choose multi-year (2-5 years) when renewing your Legal Entity Identifier. There are two compelling reasons to choose multi-year:
- Multi-year LEIs provide a discount over renewing each year individually. Save money when renewing the LEI.
- Organizations want their LEI reference data to be accurate. RapidLEI uses automation to ensure legal entity data is kept fresh and up to date. We won’t let LEIs lapse while under our management.