Question
Which of the following options accurately describes the
structure of LEI digits?Solution
The Legal Entity Identifier ( LEI ) is a 20 - character alpha - numeric code used to uniquely identify parties to financial transactions worldwide . It has been implemented to improve the quality and accuracy of financial data reporting systems for better risk management . It is used to create a global reference data system that uniquely identifies every legal entity in any jurisdiction that is party to a financial transaction .
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