RapidLEI (Ubisecure) is a Global LEI Foundation (GLEIF) accredited Local Operating Unit (LOU) and approved to issue and manage LEIs throughout the globe. This LEI Stats page presents changes, key trends and insights into the LEI ecosystem.
General LEI Trends
Comparing LOUs: RapidLEI, GMEI Utility LEI, & Bloomberg LEI
LEI Renewal Rates (Lapsed LEI rates) & LEI Transfer Trends
Validated LEIs issued so far in 2021
Validated LEIs issued in 2020
Validated vs. Non-Validated LEIs
LOUs validate LEI application data to either fully corroborated, partially corroborated, or Entity Supplied Only (ESO) levels. To be referred to as “validated” in our Stats, we require the LEI to be either fully or partially corroborated. Achieving the new LEI Conformity Flag will also require the LEI to be validated, which is why we closely track the trends of validated vs. non-validated LEIs.
LEI Data Quality as reported by the GLEIF
Looks at number of LEI challenges received, and the monthly quality issues reported for the top three LOUs – RapidLEI, GMEI Utility, and Bloomberg LEI. Legal Entity Reference Data Quality issues will impact the ability to achieve the new LEI Conformity Flag.
Total LEI Universe
Combines new LEIs issued from all accredited LOUs.
Global Growth Rate
Regulations mandating LEI
- Who collects the data for the LEI statistics?
- What is a Validated LEI vs. a non-Validated, or Entity Supplied Only (ESO) LEI?
- What is the LEI Conformity Flag?
- What are Transferred Legal Entity Identifiers?
- What does LEI Renewal Rate mean?
- What are Challenges made on LEI data accuracy?
- How does the GLEIF report data quality issues?
- Which LOUs are included in the LEI stats?
Who collects the data for the LEI statistics?
LEI statistics and LEI graph data originate from the Global LEI Index – the data collected, maintained and published by the Global LEI Foundation (GLEIF). RapidLEI connects to the LEI Index to collect real-time data, and we supplement with data from monthly GLEIF business reports and GLEIF stats to compare LOU (GLEIF-accredited Legal Operating Units).
What is a Validated LEI vs. a non-Validated, or Entity Supplied Only (ESO) LEI?
RapidLEI and our RA partners define Validated LEIs as issued LEIs where application data has been corroborated, i.e. verified against approved registry sources, either in full or partially.
Non-Validated LEIs are defined as issued LEIs where application data has not been corroborated. Application data is supplied only by the applicant, hence the Entity Supplied Only (ESO) classification.
What is the LEI Conformity Flag?
The upcoming LEI conformity flag is a binary indicator that will be displayed within the Legal Entity record for the completeness and quality of the legal entity reference data. This is determined against the registration and reporting policies set by the LEI ROC (Regulatory Oversight Committee).
What are Transferred Legal Entity Identifiers?
A Legal Entity Identifier is managed by a single Local Operating Units (LOU). Issued LEIs may be transferred between different LOUs at the request of the LEI owner. The stats show:
- LEIs Transferred In: the number of LEIs that the LOU has imported under its management at the request of the LEI owners.
- LEIs Transferred Out: the number of LEIs the LOU has been required to transfer to a different LOU at the request of the LEI owners.
What does LEI Renewal Rate / LEI Lapsed Rate mean?
Legal Entity Identifiers must have entity reference data checked annually or the record will be classified as LAPSED. The Renewal Rate stat shows the % of issued LEIs that are renewed as expected annually, and hence the ratio of LEIs that otherwise fall into lapsed status.
What are Challenges made on LEI data accuracy?
Each LOU provides relying parties with the ability to challenge LEI reference data if suspected to be inaccurate or out of date. We track the number of challenges for the major global LOUs as an indicator of perceived general accuracy within the LOU’s issuance base.
How does the GLEIF report data quality issues?
Each month the GLEIF publishes data accuracy reports for both the entire GLEIS and specific LOUs. The data quality issues detailed in the reports are included in summary on this page.
Which LOUs are included in the LEI stats?
This resource focuses on the leading global LOUs issuing legal identifiers worldwide – RapidLEI, GMEI Utility LEI (DTCC), and Bloomberg LEI. The Total LEI Universe graph includes data from all the entire LEI ecosystem and all LOUs.