INTERNATIONAL SECURITIES IDENTIFICATION NUMBER (ISIN)
Oct. 26, 2021
With an aim to boost liquidity in the corporate bond market, Securities and Exchange Board of India (SEBI) suggested further capping the number of ISINs for such bonds issued on a private placement basis.
About:
An International Securities Identification Number (ISIN) is a 12-digit alphanumeric code that uniquely identifies a specific security like stocks and bonds.
The organization that allocates ISINs in any particular country is the country's respective National Numbering Agency (NNA).
An ISIN is not the same as the ticker symbol, which identifies the stock at the exchange level. The ISIN is a unique number assigned to a security that is universally recognizable.
ISINs are used for numerous reasons including clearing and settlement. The numbers ensure a consistent format so that holdings of institutional investors can be tracked consistently across markets worldwide.
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