The core challenge firms face in keeping their counterparty ledgers consistent with the GLEIS arises due to the fact that the process for LEI matching lacks consistent search parameters (i.e. do not contain unique entity identifiers or common keys). For instance, many LEI registrations have been accepted without business registry numbers and legal entity names are far from always kept identical to public registers.
Consequently, matching of internal register records against the GLEIS presumes an approach based on record similarity (as opposed to record exactness), thus requiring powerful 'compare and pair' algorithms to detect specific corresponding records.
To facilitate LEI matching, NordLEI offers clients access to the Congruous data matching and reconciliation software.
Read more about LEI-SureMatch here: white paper (pdf)
In order to get a more detailed insight in the service offering, please contact the NordLEI sales representatives on LEI-SureMatch@nordlei.org