Transcript GIAM (Global ISIN Access Mechanism)

Bishkek
Oct 18, 2007
ANNA numbers the world
Dan Kuhnel – 18/10//07
Overview of ANNA and its’
Membership
Dan Kuhnel - Chairman
ANNA numbers the world
Dan Kuhnel – 18/10//07
Agenda
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Overview
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ANNA Members
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ANNA Structure
Working Groups/Task Forces
Annual membership
Benefits of membership
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Appendixes
ANNA numbers the world
Dan Kuhnel – 18/10//07
Overview
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ISIN Standard was developed in the 1970’s
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ANNA formed from group of ISIN Experts
ANNA founded in 1992 by 22 National Numbering Agencies
ANNA <> ISO: interactive relationship
15 years of membership growth
Formation of ASB as single ISIN database for all NNAs
Registration Authority for ISIN, CFI and FISN
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Recent development: China assumes ISIN allocation
functionality in their region (12 Oct)
ANNA numbers the world
Dan Kuhnel – 18/10//07
ANNA Members
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Total full ANNA memberships (as of 30 Sept 2007): 73 National Numbering
Agencies;
ANNA Partners (as of 30 Sept 2007): 19 organisations
ISIN coverage of 104 countries
Overview of Membership by Business
Stock Exchanges
Data Vendors
CSDs/ICSDs
Regulatory Bodies
Central Banks
Total
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22
3
41
3
4
73
Dan Kuhnel – 18/10//07
ANNA Partners
Algeria *
Azerbaijan
Bangladesh *
Botswana *
Cameroon
Cape Verde
Central Africa **
El Salvador
Ghana *
Honduras
Kenya*
Mauritius *
Nicaragua
Swaziland *
Tanzania
Uganda *
UEMOA **
Zambia *
Zimbabwe *
* Hand-over process for ISIN numbering has been finalized
** Perform function on behalf of several countries
ANNA numbers the world
Dan Kuhnel – 18/10//07
ANNA Structure
ANNA MEMBERSHIP
ANNA BOARD
ASB BOARD
WORKING
GROUPS
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ANNA
PARTNERS
ANNA
SECRETARIAT
TASK
FORCES
Dan Kuhnel – 18/10//07
Set-up procedure of
Working Groups (WG) / Task Forces (TF)
ANNA Board
Proposal
Proposal
• Task Force
• Convenor
• Members
Appointment
• Working Group
• Convenor
• Members
Prepares
proposal
Appointment
General Meeting
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Dan Kuhnel – 18/10//07
Reporting of
Working Groups (WG) / Task Forces (TF)
1. Proposes
2. Initial Report
WG /TF
Convenor
ANNA Board
2. Initial Report
WG /TF
3. Agenda for
meetings
4. Results of
meetings
General Meeting
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Dan Kuhnel – 18/10//07
Annual Membership
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Membership fees EUR 2,500 per full member NNA
ANNA Board assess revenue and adjust annual fees
accordingly
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Most industry associations require an annual membership
ANNA fees are modest in comparison to other associations
(e.g. SIIA/FISD, ICMA, ECSDA, ACSDA etc);
Fees are levied irrespective of market size, number of ISINs
generated or type of organisation;
Fees are primarily used to cover administrative expenses
incurred running the association;
Board members travel and expenses are covered by individual
organisations (except specific event representation).
ANNA numbers the world
Dan Kuhnel – 18/10//07
Benefits of Membership
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Being recognised globally as a full ANNA member
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Presents the ability to participate in a truly global association;
Presents opportunities to be involved in the development of
international standards that will have a direct impact on your
local market;
ANNA members are actively involved not only in ISIN and ISIN
related matters but also the development of CFI, FISN and IBEI
– all important security identifiers for the future.
Standards drive market efficiency, clearing and settlement and
STP automation
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Over the last 10 years, ISIN has been adopted as the security
identification standard for clearing and settlement in Europe;
73 current members share this vision.
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Dan Kuhnel – 18/10//07
Benefits of Membership
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The NNA’s local market will gain more visibility in a global
environment;
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Due to agreements amongst all NNAs, each NNA will have
unrestricted access to all other member ISINs and agreed data
elements;
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Local market participants will have easier and faster access to
the exchange of ISINs;
ANNA numbers the world
Dan Kuhnel – 18/10//07
Benefits of Membership
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Possibility to share experience, knowledge and know-how
among ANNA’s members which is achieved via Country
Reports, Regional reports and Working Group reports;
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NNAs contribute to each other’s growth, development and
improvements;
Right to attend, vote and speak at Ordinary and Extraordinary
General Meetings.
ANNA numbers the world
Dan Kuhnel – 18/10//07
Benefits of Membership
The ANNA Board members’ strongly believe in the merits
and goals of ANNA as a truly global association.
We constantly strive to produce value to the ANNA
members through information sharing, promotion of the
efforts of ANNA and apply the association’s missions,
visions and values to all aspects of its operation.
ANNA numbers the world
Dan Kuhnel – 18/10//07
ANNA numbers the world
Dan Kuhnel – 18/10//07
ANNA numbers the world
Dan Kuhnel – 18/10//07
Appendix A
ANNA Mission Statement
ANNA, (the “Association of National Numbering Agencies”), is
fully committed to proactively promoting, implementing,
maintaining and making available, standards for securities
and related financial instruments, in a uniform and accurate
structure for the benefit of their home markets and of the
securities industry as a whole.
ANNA numbers the world
Dan Kuhnel – 18/10//07
Appendix B
ANNA Abbreviations
ISIN – International Securities Identification Number
ANNA – Association of National Numbering Agencies
CFI – Classification of Financial Instruments
ASB – ANNA Service Bureau Advisory Board
NNA – National Numbering Agency
FISN – Financial Instrument Short Name
ISO – International Standards Organisation
ANNA numbers the world
Dan Kuhnel – 18/10//07