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Why is LEI data quality important?

RapidLEI considers high quality, transparent & validated LEIs to be the cornerstone of mass LEI adoption. LEI records must be accurate and up to date to remove the risk of fraudulent counterparty trading and meet the identity assurance requirements of the many LEI-enabled use-cases.

Each month, RapidLEI transparently reports on entity data quality and consistently perform as the number one Local Operating Unit (LOU) within the GLEIS for data quality.

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