BS-ISO-6166-2001.pdf

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | BRITISH STANDARD BS ISO 6166:2001 ICS 03.060 NO COPYING WITHOUT BSI PERMISSION EXCEPT AS PERMITTED BY COPYRIGHT LAW Securities and related financial instruments Ð International securities identification numbering system (ISIN) Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI This British Standard, having been prepared under the direction of the DISC Board , was published under the authority of the Standards Committee and comes into effect on 15 May 2001 BSI 05-2001 ISBN 0 580 36722 3 BS ISO 6166:2001 Amendments issued since publication Amd. No.DateComments National foreword This British Standard reproduces verbatim ISO 6166:2001 and implements it as the UK national standard. The UK participation in its preparation was entrusted to Technical Committee IST/12, Banking, securities and other financial services, which has the responsibility to: Ð aid enquirers to understand the text; Ð present to the responsible international/European committee any enquiries on the interpretation, or proposals for change, and keep the UK interests informed; Ð monitor related international and European developments and promulgate them in the UK. A list of organizations represented on this committee can be obtained on request to its secretary. Cross-references The British Standards which implement international publications referred to in this document may be found in the BSI Standards Catalogue under the section entitled ªInternational Standards Correspondence Indexº, or by using the ªFindº facility of the BSI Standards Electronic Catalogue. A British Standard does not purport to include all the necessary provisions of a contract. Users of British Standards are responsible for their correct application. Compliance with a British Standard does not of itself confer immunity from legal obligations. Summary of pages This document comprises a front cover, an inside front cover, the ISO title page, pages ii to v, a blank page, pages 1 to 9 and a back cover. The BSI copyright notice displayed in this document indicates when the document was last issued. Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI Reference number ISO 6166:2001(E) INTERNATIONAL STANDARD ISO 6166 Sixth edition 2001-03-15 Securities and related financial instruments International securities identification numbering system (ISIN) Valeurs mobilières et autres instruments financiers concernés Système international de numérotation pour l'identification des valeurs mobilières (ISIN) Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI ISO 6166:2001(E) ii Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI ISO 6166:2001(E) iii ContentsPage Foreword.iv Introduction.v 1Scope 1 2Normative references1 3Term and definition .1 4Principles1 5ISIN allocation2 5.1Countries where a numbering agency exists.2 5.2Countries where no numbering agency exists.2 5.3Existing ISINs and existing securities without ISINs.2 5.4Application for ISIN2 5.5Exchange of information.2 6Registration authority .2 7Information and enquiries.2 Annex A (normative) Formula for computing modulus 10 “Double-Add-Double“ check digit.4 Annex B (normative) Competence of numbering agencies6 Annex C (normative) Minimum information .8 Annex D (informative) Examples .9 Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI ISO 6166:2001(E) iv Foreword ISO (the International Organization for Standardization) is a worldwide federation of national standards bodies (ISO member bodies). The work of preparing International Standards is normally carried out through ISO technical committees. Each member body interested in a subject for which a technical committee has been established has the right to be represented on that committee. International organizations, governmental and non-governmental, in liaison with ISO, also take part in the work. ISO collaborates closely with the International Electrotechnical Commission (IEC) on all matters of electrotechnical standardization. International Standards are drafted in accordance with the rules given in the ISO/IEC Directives, Part 3. Draft International Standards adopted by the technical committees are circulated to the member bodies for voting. Publication as an International Standard requires approval by at least 75 % of the member bodies casting a vote. Attention is drawn to the possibility that some of the elements of this International Standard may be the subject of patent rights. ISO shall not be held responsible for identifying any or all such patent rights. International Standard ISO 6166 was prepared by Technical Committee ISO/TC 68, Banking, securities and other financial services, Subcommittee SC 4, Securities and related financial instruments. This sixth edition cancels and replaces the fifth edition (ISO 6166:1994), which has been extended to financial instruments other than securities. Annexes A, B and C form a normative part of this International Standard. Annex D is for information only. Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI ISO 6166:2001(E) v Introduction With the rapid expansion of international securities business, there is a need for a universally applicable international securities identification number (ISIN). No worldwide numbering system existed at the time of the publication of the first edition of this International Standard. Countries with highly developed securities business identify issues of securities by means of code numbers, which are without any significance outside the country concerned. Securities of the same issue, in other words, are identified by means of different numbers in the country where they are physically held and/or booked. As a result, the national numbers cannot be applied in cross-border transactions. Because of its strong rationalization effect, an internationally applicable numbering system substantially facilitates and supports international securities business. Such a system is provided by this International Standard. In preparing this International Standard, care has been taken to conserve the national systems to the maximum possible extent, not only because of the good routine and valuable experience collected in this field, but also to facilitate the adoption of the system. Moreover, it is aimed at creating a system which is easy to apply internationally and at establishing an information network which ensures that the required information can be obtained worldwide immediately. Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI INTERNATIONAL STANDARDISO 6166:2001(E) 1 Securities and related financial instruments International securities identification numbering system (ISIN) 1Scope This International Standard provides a uniform structure for international securities identification numbers (ISINs). It is intended for use in any application in the trading and administration of securities and other financial instruments. 2Normative references The following normative documents contain provisions which, through reference in this text, constitute provisions of this International Standard. For dated references, subsequent amendments to, or revisions of, any of these publications do not apply. However, parties to agreements based on this International Standard are encouraged to investigate the possibility of applying the most recent editions of the normative documents indicated below. For undated references, the latest edition of the normative document referred to applies. Members of ISO and IEC maintain registers of currently valid International Standards. ISO 3166 (all parts), Codes for the representation of names of countries and their subdivisions. ISO 4217, Codes for the representation of currencies and funds. 3Term and definition For the purposes of this International Standard, the following term and definition applies. 3.1 ISIN international securities identification number code which uniquely identifies a specific security or other financial instrument 4Principles The ISIN shall consists of: a)a prefix which is the alpha-2 country-code specified in ISO 3166; b)the basic number, which is nine characters (letters and/or digits) in length. Where the existing national number consists of nine characters, this number shall be used; where the existing national number consists of fewer than nine characters, this also shall be used, but zeros shall be inserted in front of the national number. Where a national check digit exists, it shall be regarded as part of the basic number within the nine characters; c)a check digit, computed using the modulus 10 “Double-Add Double“ formula as described in annex A. Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI ISO 6166:2001(E) 2 5ISIN allocation 5.1Countries where a numbering agency exists For countries where a numbering agency exists, the responsible agency shall allocate the ISIN following the principles of clause 4 and in accordance with the competence described in annex B. 5.2Countries where no numbering agency exists For countries where no national numbering agency exists, the designated substitute agency shall allocate an ISIN. An ISIN allocated by a substitute agency shall be prefixed in accordance with clause 4. 5.3Existing ISINs and existing securities without ISINs All existing ISINs assigned in accordance with previous editions of this International Standard shall remain unchanged. However, the allocation of ISINs for existing securities and financial instruments without ISINs shall be based on the most recent edition. 5.4Application for ISIN An application (see annex C) for allocation of an ISIN may be submitted to the relevant numbering agency or where applicable to the substitute agency. For existing issues, any professional in the security business may apply. It is recommended that the lead manager/issuer apply for allocation of the ISIN prior to the launching of a new issue. The numbering agencies will allocate ISINs in a timely manner in order to meet market needs. When an ISIN cannot be obtained according to 5.1 or 5.2, the matter should be resolved according to rules defined by the registration authority. 5.5Exchange of information In order to ensure that information is readily available worldwide, the agencies as mentioned shall exchange information among themselves concerning ISINs. 6Registration authority In accordance with the provision of annex N of Part 1 of the ISO/IEC Directives, the ISO Council has designated the Association of National Numbering Agencies (ANNA scrl) as the registration authority for this International Standard. 7Information and enquiries Information and enquiries regarding the implementation of this International Standard and the allocation of ISINs, together with copies of the list of national numbering agencies and substitute numbering agencies, may be addressed to the Secretariat of the registration authority. Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI ISO 6166:2001(E) 3 The operating address of the ISO 6166 registration authority is as follows: Association of National Numbering Agencies scrl Mr. Alain Duhamel, Executive Secretary c/o Euroclear France 115, rue Réaumur FR-75081 Paris Cedex 02 France Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI ISO 6166:2001(E) 4 Annex A (normative) Formula for computing modulus 10 “Double-Add-Double“ check digit The following steps are involved in this calculation: a)Step 1 Alphabetic characters are assigned the numeric values shown in Table A.1. Table A.1 CharacterValueCharacterValueCharacterValueCharacterValueCharacterValue A10F15K20P25U30 B11G16L21Q26V31 C12H17M22R27W32 D13I18N23S28X33 E14J19O24T29Y34 Z35 b)Step 2 Double the value of alternate digits beginning with the first right-hand digit (low order), including zeros. c)Step 3 Add the individual digits comprising the products obtained in step 2 and each of the unaffected digits in the original number. d)Step 4 Subtract the total obtained in step 3 from the next higher number ending in 0 this is the equivalent of calculating the “tens complement“ of the low order digit (unit digit) of the total. If the total obtained in step 3 is a number ending in zero (30, 40, etc.), the check digit is 0. EXAMPLES W.R. Grace and Co. shares US383883105 3028383883105 2121212121212 604868681632010 6 + 0 + 4 + 8 + 6 + 8 + 6 + 8 + 1 + 6 + 3 + 2 + 0 + 1 + 0 =59 Check digit1 60 Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI ISO 6166:2001(E) 5 Hitachi Ltd. shares JP378860000 1925378860000 2121212121212 294567168120000 2 + 9 + 4 + 5 + 6 + 7 + 1 + 6 + 8 + 1 + 2 + 0 + 0 + 0 =51 Check digit9 60 International Bank for Reconstruction and Development (Worldbank) 15 1/8 % due 15 December 1991 US4 59 056DG9 30284 59 05613169 21212 12 12121212 60488 518 0106232618 6 + 0 + 4 + 8 + 8 + 5 + 1 + 8 + 0 + 1 + 0 + 6 + 2 + 3 + 2 + 6 + 1 + 8 =69 Check digit1 70 Licensed Copy: sheffieldun sheffieldun, na, Sat Nov 25 13:23:28 GMT+00:00 2006, Uncontrolled Copy, (c) BSI ISO 6166:2001(E) 6 Annex B (normative) Competence of numbering agencies CategoryType of issuePrefix/NNA EQUITIESShares ordinary, convertible, preferred sharesAlpha-2 country code of the country where the issuer is legally registered or, in the absence of registration, has his legal domicile allocated by the responsible NNA or substitute agency. Units investment trusts, mutual fundsAlpha-2 country code of the issuers country allocated by the responsible NNA or substitute agency. Depository receipts representing equitiesThe rules set up for equities also apply to this type. The rules set up for bonds also apply to this type. DEBT INSTRUMENTS Bonds and debt instruments other than international domestic or foreign issuer domestic or foreign currency domestic offering ISO 3166 alpha-2 country code of the country of the lead manager assigned by the responsible National Numbering Agency or substitute agency. International bonds and debt instruments domestic or foreign issuer domestic or foreign currency international offering (debt securities for sale in more than one country simultaneously by an international management g