How long does CBP take to process & approve an LOI (letter of intent)?

How long does CBP take to process & approve an LOI (letter of intent)?

The standard processing time for an LOI is 1-2 business days. 
If a new filer code needs to be issued for ABI filers then this approval process can take longer (1-2 weeks)
The LOI should be signed by a person who has the authority to bind the organization.  This would normally be a Director, VP, CEO, President etc. 

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