Solicitations from third parties to obtain and maintain ISINs
ANNA Sets Global Start Date for Updated CFI and FISN Codes
Important update: Since 1 July 2017, the revised CFI (ISO 10962) and the FISN (ISO 18774 – Financial Instrument Short Name) are globally assigned with the ISIN at the time of issuance of a new financial instrument.
NEW: ANNA ISIN/CFI Lookup Service available now (link see “Read more”)
The CFI code has been developed to address a number of problems which have concerned the financial community on the past years. Among others the following problems have affected the financial community:
The CFI reflects characteristics that are defined when a financial instrument is issued and remain unchanged during its entire lifetime.
The CFI consists of six alphabetical characters:
The first character indicates the highest level of classification (categories).
The second character indicates specific groups within each category:
The third to sixth character indicate the most important attributes to each group:
Requests from some countries (such as the US and Switzerland as well as from some industry organizations) required ISO TC68/SC4/WG6 to reconvene and discuss these requests for a possible revision of ISO Standard 10962.
The new version of ISO 10962 that includes significant enhancements, e.g. for OTC derivatives, was published in September 2015. The date for global implementation of the new version was 1 July 2017.