Transcript SDC Basic Presentation
ANNA numbers the world Samir Jaradat CEO October 22, 2009
1
ANNA’s role in standardization
ANNA numbers the world
2
ANNA Structure
ASB Board ANNA Membership ANNA Board ANNA Partners ANNA Secretariat Working Groups Task Forces
ANNA numbers the world
3
International Standards Organization ISO Standards
ISO 6166 :
ISIN codes
ISO 10962 :
CFI codes
ISO 10383 :
MIC codes
ISO 18773 :
Abbreviations
ISO 18774 :
FISN
ISO 16372 :
IGI
ANNA numbers the world
4
ISIN Standard Existing standards
ISIN
:
I
nternational
S
ecurities
I
dentification
N
umber
Scope
Uniform structure for use in any application in the trading and administration of securities
ISIN International (ISO 6166) securities identification numbering system
provides a uniform structure for a number, known as the lSIN, that uniquely identifies fungible financial instruments. Financial instruments subject to ISIN allocation include equities, debt instruments, entitlements (rights and warrants) and other instruments The ISIN consists of a
prefix
using the alpha-2 country code of ISO 3166 the
basic number
, which is nine characters in length a
check digit
• Example
JO 130231101 3
Arab Bank
ANNA numbers the world
5
CFI Standard Existing standards
CFI
:
C
lassification of
F
inancial
I
nstruments
Scope
It defines an internationally valid system to classify financial instruments
CFI Classification of Financial Instruments (ISO 10962)
The CFI code system provides a set of codes which can be used by all market participants in an electronic data processing environment and permits electronic communication between participants
Structure
The CFI reflects characteristics that are defined when a financial instrument is issued The CFI consists of six alphabetical characters The first character indicates the highest level of classification (categories) the second is the group, and the remaining letters show special attributes of the group
ANNA numbers the world
6
CFI Standard
●
Categories
E
= Equities
D
= Debt Instruments
R
= Entitlements (Rights)
O
= Options
F
= Futures
M
= Others (Miscellaneous)
●
Groups
(within Equities)
S
= Shares, i.e. common/ordinary
P
= Preferred shares
R
= Preference shares
C
= Convertible shares
F
= Preferred convertible shares
V
= Preference convertible shares
U
= Units, i.e. unit trusts/mutual funds
M
= Others (Miscellaneous)
ANNA numbers the world
7
CFI Standard
Attribut
es
Voting right
voting or non-voting
Ownership/transfer restrictions
restrictions or free
Payment status
nil, partly or fully paid
Form of securities
bearer or registered •
Example
ESVUFR-DBFTFR-DT2TFR-DBFGFR RSSXXR-DBFGGR-DBVGGR
ANNA numbers the world
8
MIC Standard
Existing standards MIC
:
M
arket
I
dentification
C
ode
Scope
This code provides a uniform structure for exchange and market identification
MIC Market Identifier Code (ISO 10383)
specifies a universal method of identifying exchanges, trading platforms and regulated or non-regulated markets as sources of prices and related information in order to facilitate automated processing.
The code consists of four alphabetical characters
Composition
Four continuous alphanumeric characters
4 Examples
The following are examples of exchange/market identifier codes (MIC): XAMM (Amman Stock Exchange - Jordan, Amman) XCAS (Casablanca Stock Exchange – Morocco, Casablanca) XJSE (JSE Securities Exchange – South Africa, Johannesburg) XCAI (Egyptian Exchange – Egypt, Cairo)
ANNA numbers the world
9
Abbreviations
Scope
It aims to harmonize existing market practices, which are in use on a national and individual entity level
Principles
It shall be assigned upon issuance of the related financial instrument
Issuer Short Name
limited to a maximum of 15 characters
Abbreviation of terms
used in the securities business processes
ANNA numbers the world
10
FISN Standard
Standards in preparation FISN
:
F
inancial
I
nstrument
S
hort
N
ame
Scope
It has been developed to provide a consistent and uniform approach to standardize short descriptions for financial instruments
FISN Financial Instrument Short Name (ISO 18774)
The FISN incorporates the issuer short name and the abbreviated characteristics for the financial instrument. It has a maximum length of
35 alphanumeric
characters
The FISN is composed of:
an
issuer name
with a maximum length of
15 alphanumeric characters
To ensure uniformity, the same issuer short name should be used for different financial instruments of the same issuer a “/” as the
delimiter
between issuer name and instrument description
ANNA numbers the world
11
FISN Standard
an
instrument description
with a maximum length of
19 alphanumeric characters
, assuming that the available length of the issuer name has been fully used. In the event that all the 15 characters have not been used in the issuer short name, the remaining space may be used to describe the characteristics of the financial instrument
The FISN shall be assigned upon issuance of the related financial instrument together with ISIN (ISO 6166) and CFI (ISO 10962) ANNA numbers the world
12
IGI Standard
Standards in preperation
IGI Issuer & Guarantor Identifier (ISO 16372)
ISO has developed the IGI unambiguous issuing entities identification, in particular with respect to cross-border business activities. The IGI is a standardized code, which is allocated to Issuers & Guarantor entities (branches will not get an IGI)
The IGI consists of 20 characters (preliminary proposal) decomposed as follows:
a prefix which is the alpha-2-country-code specified in ISO 3166, the basic identifier, made of 17 alphanumeric characters, and a check digit, computed using the modulus 10 “Double-Add-Double” formula
ANNA numbers the world
13
IGI Standard
Example
Where:
DE X0B1C28324356789N 0 DE X0B1C28324356789N 0
Country code for Germany Basic identifier (incl. existing national ID such as tax ID etc.) Check digit computed using modulus 10 “Double-Add Double”
ANNA numbers the world
14
Thank You
Questions or comments?
ANNA numbers the world
15