Part of the Australia LEI knowledge hub — back to the Australia pillar.
Australia firms carry the LEI inside ISO 20022 structured party data — the global standard now underpinning payments and securities messaging — giving each party a verified legal identity.
ISO 20022 messages can carry the LEI in the organisation-identification element, linking a payment or instruction to a verified legal entity.
Without an LEI, party identification falls back to weaker identifiers, slowing screening and reconciliation.
As Australia infrastructure adopts ISO 20022, holding a current LEI keeps your messages clean.
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It strongly supports it as the preferred legal-entity identifier in party data.
In the organisation-identification element.
Faster screening and reconciliation through verified identity.