Advantages and Benefits
Why get an ISIN number? What are the benefits of an international securities identification number (ISIN) code?
ISIN numbers brings coverage, consistency and expertise to the global securities marketplace offering:
- Universally recognized identification for millions of unique financial instruments.
- Coverage of corporate, government, municipal and international securities; IPOs, preferred stock, funds, CDs and competitive/negotiated deals, derivatives, U.S. listed equity options and syndicated loans and foreign companies and funds.
- Identifiers are the most popular form and are recognized by most global securities and instruments than any other identifiers.
- Standardized descriptions for data attributes for millions of securities offered worldwide.
- Classification of Financial Instruments (CFI) codes to group instruments with similar features; for example, the CFI codes for equities include instrument groups such as shares, preferred stock, mutual funds and UITs, and instrument attributes such as voting rights and ownership.
- ISIN codes help with the International Numbering System (CINS) for millions global instruments.
- ISINs for millions of global instruments. (see www.isin.net)
- Business Entity Identifiers for counterparties, issuers and obligors in global financial transactions (CABREs).
- RED Codes that identify credit default swap entities.
ISIN number identifiers support the accurate and efficient clearance and settlement of securities, as well as processing associated with income payments made during the life cycle of an issue. Among many other things, they enable:
- Holders, analysts and brokers to rapidly identify and access issue-specific data.
- Custodians and sub-custodians to easily communicate on securities transactions.
- Depositories to accurately manage transactions and examine historical data.