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ANNA numbers the world 1 Samir Jaradat CEO October 22, 2009.

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Presentation on theme: "ANNA numbers the world 1 Samir Jaradat CEO October 22, 2009."— Presentation transcript:

1 ANNA numbers the world 1 Samir Jaradat CEO October 22, 2009

2 ANNA numbers the world 2 ANNA’s role in standardization

3 ANNA numbers the world 3 ANNA Membership ANNA Board ASB Board ANNA Secretariat Working Groups Task Forces ANNA Partners ANNA Structure

4 ANNA numbers the world 4 ISO 6166 : ISIN codes ISO 10962 : CFI codes ISO 10383 : MIC codes ISO 18773 : Abbreviations ISO 18774 : FISN ISO 16372 : IGI International Standards Organization ISO Standards

5 ANNA numbers the world 5 ISIN International securities identification numbering system (ISO 6166) Existing standards ISIN : International Securities Identification Number 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 JO1302311013 Arab Bank 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 Uniform structure for use in any application in the trading and administration of securities Scope ISIN Standard

6 ANNA numbers the world 6 Existing standards CFI : Classification of 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 Scope It defines an internationally valid system to classify financial instruments CFI Standard

7 ANNA numbers the world 7 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)

8 ANNA numbers the world 8 Attributes CFI Standard  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

9 ANNA numbers the world 9 Existing standards MIC : Market Identification Code 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): Scope This code provides a uniform structure for exchange and market identification MIC Standard  XAMM (Amman Stock Exchange - Jordan, Amman)  XCAS (Casablanca Stock Exchange – Morocco, Casablanca)  XJSE (JSE Securities Exchange – South Africa, Johannesburg)  XCAI (Egyptian Exchange – Egypt, Cairo)

10 ANNA numbers the world 10 Scope Abbreviations  Issuer Short Name limited to a maximum of 15 characters  Abbreviation of terms used in the securities business processes 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

11 ANNA numbers the world 11 Standards in preparation FISN : Financial Instrument Short Name 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  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 The FISN is composed of: Scope It has been developed to provide a consistent and uniform approach to standardize short descriptions for financial instruments FISN Standard

12 ANNA numbers the world 12  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) FISN Standard

13 ANNA numbers the world 13 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 IGI Standard

14 ANNA numbers the world 14 ExampleDEX0B1C28324356789N0 Where:DE Country code for Germany X0B1C28324356789NBasic identifier (incl. existing national ID such as tax ID etc.) 0 Check digit computed using modulus 10 “Double-Add Double” IGI Standard

15 ANNA numbers the world 15 Thank You Questions or comments?


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