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International securities identification number
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- 3. An arrangement ofcharacters and numbers representing a particular security listed on an exchange or otherwise traded publicly.
- 4. CUSIP ISIN SEDOL RIC Code Committee on UniformSecurity Identification Procedures International Securities Identification Number Stock Exchange Daily Official List Reuters instrument code
- 5. An InternationalSecurities Identification Number (ISIN) uniquely identifies a security. Its structure is defined in ISO 6166. Securities for which ISINs are issued include bonds, commercial paper, stocks and warrants. The ISIN standard is used worldwide to identify specific securities such as bonds, stocks (common and preferred), futures, warrant, rights, trusts, commercial paper and options.
- 6. ISINs are assignedto securities to facilitate unambiguous clearing and settlement procedures. They are composed of a 12-digit alphanumeric code and act to unify different ticker symbols “which can vary by exchange and currency” for the same security. In the United States, ISINs are extended versions of 9-character CUSIP (Committee on Uniform Security Identification Procedures) numbers; ISINs can be formed by adding a country code and check digit to the beginning and end of a CUSIP, respectively.
- 7. ISINs werefirst used in 1981, but didn't reach wide acceptance until 1989, when the G30 countries recommended adoption. A year later it was endorsed by the ISO. The Global ISIN Access Mechanism was developed in 1994 to facilitate the electronic exchange of ISIN information across the different regions. Annais charged with the implementation and availability of ISIN throughout the world. To that end, they have worked out an information exchange process named GIAM-2, which uses the Internet and CD-ROM technologies.
- 8. There arethree parts to an ISIN as exemplified by US- 049580485-1 (the dashes don't count, they are there to add clarity). The code can be broken down as follows: A two-letter country code, drawn from a list (ISO 6166) prepared by the International Organization for Standardization (ISO). This code is assigned according to the location of a company's head office. A special code, 'XS'•. is used for international securities cleared through pan-European clearing systems like Euro clear and CEDEL. Depository receipt ISIN usage is unique in that the country code for the security is that of the receipt issuer, not that of the underlying security.
- 9. A nine-digitnumeric identifier, called the National Securities Identifying Number (NSIN), and assigned by each country's or region's . If a national number is composed of less than nine digits, it is padded with leading zeros to become a NSIN. The numeric identifier has no intrinsic meaning it is essentially a serial number. A single check-digit. The digit is calculated based upon the preceding 11 characters/digits and uses a sum modulo 10 algorithm and helps ensure against counterfeit numbers.
- 10. ISSUERTYPE CODEALLOTTED Central GovernmentA StateGovernment B Municipal Corporation C Union Territories D Company,StatutoryCorporation,BankingCompany E MutualFundsincluding UTI F
- 11. SECURITYTYPE CODE EquityShares 1 PostalSavingsScheme2 Preference Shares 3 Bonds 4 DeepDiscountBonds 5 FloatingRateBonds 6 Commercial Papers 7 StepDiscountBonds 8 RegularReturnBonds 9 Certificates of Deposit 10 Securitized Instruments 11 Debentures 12 Units 13 Government Securities 14 Warrants 15 Commodities 16 RBIRelief Bonds(inclNationalSavingsCertificatesVIIissue) 17
- 13. The organizationthat allocates ISINs in any particular country is the country’s respective National Numbering Agency (NNA). SEBI acts as the NNA in India. Physical and Demat shares will have different ISINs
- 14. Fully paid-upand partly paid up shares will have different ISINs SEBI being the National Numbering Agency for India has permitted NSDL (National Securities Depository Limited) to allot ISIN for demat shares All internationally traded securities issuers are urged to use this numbering scheme, which is now the accepted standard by virtually all countries.
- 15. If acompany or fund is in need of obtaining an ISIN number, ISIN.org can assist. Obtaining an ISIN code for debt or equity offerings, hedge funds, fund of funds, mutual funds, specialty funds, public companies, private companies, and much more can all be undertaken on this site.
- 16. ISINs wereonce considered only a secondary form of security identification, used exclusively for clearing and settlement. In recent years, some European countries have adopted ISINs as their primary security identifier. ISIN's are implicitly used in the U.S. and Canada because they are built upon CUSIP numbers. Over time, most countries appear willing to adopt ISIN numbering either as a primary or secondary identifier to administer ISINs.
- 17. Universal acceptanceof ISIN is important in meeting the goal of global straight-through processing (GSTP), which is the electronic handling of the trade clearing and settlement without manual intervention. ISINS are used by share custodians to track holdings of institutional investors in a format which is consistent across markets worldwide.
- 18. To applyfor a new ISIN code can take anywhere from one day to a few days or longer. It really depends on the specifications of the company. Fees vary from needs to needs and is only determined once an application has been submitted.
- 19. Click onone of the form options in the Apply for an ISIN section. Fill out the forms and submit. Once we receive your data we will contact you with the next steps, usually within an hour during business hours.
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