ANNA numbers the world. Association of National Numbering Agencies scrl

Transcription

1 Association of National Numbering Agencies scrl Name

2 Agenda Who is ANNA? Mission Statement Objectives ANNA organisation About ANNA Members Membership Levels Substitute Numbering Agencies Working and Regional Groups What the NNAs Do ANNA Service Bureau Overview Benefits of ANNA Membership ANNA s role in Cross-Border Standardisation Overview of ISO Financial standards Existing ISO Financial standards ISO Financial Standards in preparation 2

3 Agenda Who is ANNA? Mission Statement Objectives ANNA organisation About ANNA Members Membership Levels Substitute Numbering Agencies Working and Regional Groups What the NNAs Do ANNA Service Bureau Overview Benefits of ANNA Membership ANNA s role in Cross-Border Standardisation Overview of ISO Financial standards Existing ISO Financial standards ISO Financial Standards in preparation 3

4 Mission Statement We are committed to providing actionable global ID and reference data products and services to global market participants, including Regulators and the financial services industry to uniquely identify, classify and describe entities and financial instruments. We proactively promote, implement and maintain standards for entities and related financial instruments and make related information available in a uniform and accurate structure for the benefit of global markets and the securities industry as a whole. Our federated model uniquely positions us as the leading association able to offer local market expertise to the global community. 4

5 Objectives Globally develop and promote standards under ANNA s control; Commit to work for the benefit of the financial industry; Codify, classify and make data accessible and available to industry participants; Contribute to ISO Standards development process; Ensure timeliness, accuracy and quality in the application of standards; Fulfil our obligation as an ISO Registration Authority for the ISIN (ISO 6166) standard and FISN (ISO 18774). 5

6 ANNA Organisation ANNA Membership ANNA Partners ASB TC ANNA Board ANNA Secretariat Working Groups Task Forces Regional Groups 6

7 About ANNA Members ANNA is a global association of national numbering agencies with a common mission. That is to provide reliable, accurate and trusted means to identify and describe securities that can be used by all nations and their markets. ANNA s members are agencies that are part of financial banks, exchanges, depositories and regulatory agencies. But its people are senior experts from the national numbering agencies who contribute their time and expertise to help new numbering agencies and to keep the ISIN at the cutting edge of financial industry evolution. Individually and as a group, the ANNA membership are not just charged with assigning identifiers, but also adapting their processes and systems on a regular basis to meet changing market needs. They also contribute their knowledge of local markets to the ISO working groups that update the identifier standards. as well as the ANNA working groups that support members in solving problems and achieving common goals. 7

8 Membership Levels ANNA has two levels of membership for National Numbering Agencies. Full members are NNAs that meet all set Partner compliance criteria and are approved (through voting) by the ANNA membership. ANNA partners are NNAs that are operational NNAs waiting for partnership eligibility and NNAs that are working to become fully operational. Stock Exchanges 25 Data Vendors 3 CSDs/ICSDs/ Clearing Houses Full Members 53 Regulatory Bodies 5 Central Banks 5 Total 91 Partners Stock Exchanges 13 Data Vendors 0 CSDs/ICSDs/Clearing Houses Regulatory Bodies 3 Central Banks 2 7 Total 25 8

9 Substitute Numbering Agencies To assist countries where no National Numbering Agency (NNA) exists, currently four numbering agencies are designated as Substitute Numbering Agencies (SNAs). 1.CUSIP Global Services in the US. 2.WM Datenservice from Germany. 3.SIX Financial Information. 4.National Settement Depository(MICEX Group) from Russia. Areas of responsibility have been divided geographically among them, so that global coverage is achieved. Once a country has formally appointed a national numbering agency, that new agency and the substitute agency work closely together in order to ensure a smooth transition of the numbering function. 9

10 Working and Regional groups WG1 (Assisting Markets) WG2 (ISIN Quality and Guidelines) WG5 (ANNA LEI) TF 20 (Implementation of future standards) ALARG (ANNA Latin American Regional Group) APARG (Asian Pacific Regional Groups East and West) AMERG (African and Middle East Regional Group) 10

11 What the NNAs Do: Collect registration data including issuer information, type of instrument, its terms and countries where it will be traded. Assign an ISIN and a CFI to the instrument. Gather additional financial identifiers from other sources to enrich the identification of the instrument. Contribute identifiers, data and updates to the global database maintained by the ANNA Service Bureau. Validate registration data and maintain its accuracy over time. Provide ISINs and CFIs to users on request. Serve as Substitute Numbering Agencies, assigning ISINs and CFIs for nations that do not yet have National Numbering Agencies. Vetting submissions from a compliance and KYC perspective. 11

12 ANNA Service Bureau (ASB) Global ISIN database Formation discussions started in Nov 2000 launched in July 2001; Jointly operated by SIX Financial (Switzerland) and CUSIP Global Services (United States) on behalf of ANNA; Further illustrates ANNA s commitment to supporting the market evolution towards efficient Straight Through Processing (STP); ASB acts as a central hub to receive and consolidate ISIN, CFI and defined security related data from the ANNA members and partners; 12

13 Evolution of the ANNA Service Bureau Fully supported, robust ISIN products and services available via multiple feeds (database and web query tools) and frequencies (including daily); Worldwide customer/data quality support; Centralized administration of data; Robust database storage and disaster recovery models; Proven technology and global communication support. 13

14 Benefits of ANNA Membership Being a member of ANNA within the global financial markets: Ensures involvement and participation in a truly global financial association; Presents opportunities to be involved in the development of international standards that will have a direct impact on your local market and its participants; ANNA members are actively involved not only in ISIN and ISIN related matters but also the development of CFI, FISN and LEI all important ISO standard security identifiers to be used in the future. ISO Standards drive market efficiency, clearing/settlement and STP automation: Over the last 20 years, ISIN has been adopted as the security identification standard for clearing and settlement in many countries throughout the world; 91 full members and 25 partner members share and promote this vision. 14

15 Benefits of ANNA Membership cont d The NNA s local market will gain more visibility in the global financial marketplace; Due to agreements amongst all ANNA members, each NNA will have unrestricted access to all other member s ISINs and agreed data elements; Local market participants will have more efficient and faster access to standardised ISO identifiers; Presents opportunities to share experiences, knowledge and know-how with other ANNA s members through Country Reports, Regional reports and Task Force/Working Group activities; 15

16 Agenda Who is ANNA? Mission Statement Objectives ANNA organisation About ANNA Members Membership Levels Substitute Numbering Agencies Working and Regional Groups What the NNAs Do ANNA Service Bureau Overview Benefits of ANNA Membership ANNA s role in Cross-Border Standardisation Existing ISO Financial standards ISO Financial Standards in preparation 16

17 Overview of International Financial (ISO) standards SC2 Security and Operations ISIN 1 (Identification) ISO 6166 TC68 Financial Services SC4 Securities and related financial instruments LEI 6 ISO SC7 Core Banking CFI 2 (Classification) ISO Data Field Dictionary ISO MIC 3 ISO BIC 4 ISO 9362 FISN 5 ISO Registration Authority Registration Authority 1 International Securities Identification Number 2 Classification of Financial Instruments 3 Market Identifier Code 4 Business Identifier Code 5 Financial Instrument Short Name 6 Legal Entity Identifier ANNA SWIFT 17

18 Existing ISO Financial Standards (ISO 6166) International securities identification numbering system (ISIN) 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), futures, options and many other instruments. The latest version of the ISO Standard 6166 was adopted and implemented effective from 1 Aug 2014 The ISIN consists of: - a prefix using the alpha-2 country code - the basic number, which is nine characters in length - a check digit Examples DE DaimlerChrysler AG XS Bank of China Ltd (Sydney) 18

19 Existing ISO Financial Standards cont d 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. New version has been approved and published. Structure: The CFI reflects characteristics that are defined when a financial instrument is issued and remains unchanged during its entire lifetime. 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. 19

20 Existing ISO Financial Standards cont d The CFI code provides the capability of distinction the financial instruments, now with the update of the standard we have 9 categories. The next chart show us the usage of each one in this days. 20

21 New ISO Financial Standards FISN Financial Instrument Short Name (ISO 18774) has been developed to provide a consistent and uniform approach to standardize short names for financial instruments. The FISN incorporates the issuer short name and the abbreviated characteristics for the financial instrument. It has a maximum length of 35 alphanumeric characters. The FISN is composed of: - 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 - 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. 21

22 Existing ISO Financial Standards cont d 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. Examples The following are examples of exchange/market identifier codes (MIC): - XPAR (NYSE Euronext - Euronext, Paris) - XMAT (Euronext MATIF, Paris) - XMON (Euronext MONEP, Paris) - EMTS (EuroMTS, London) 22

23 Existing ISO Financial Standards cont d LEI Legal Entity Identifier (ISO 17442) - a unique identifier associated with a single legal entity. Scope and Coverage: All financial intermediaries; Banks and finance companies; All entities that issue equity, debt or other securities for other capital structures; All entities listed on an exchange; All entities that trade stock or debt, investment vehicles, including mutual funds, pension funds and alternative investment vehicles constituted as corporate entities or collective investment agreements (including umbrella funds as well as funds under an umbrella structure, hedge funds, private equity funds, etc.); All entities under the purview of a financial regulator and their affiliates, subsidiaries and holding companies; Counterparties to financial transactions 23

24 Existing ISO Financial Standards cont d LEI Structure 20 character code - allocated in accordance with ISO 17442:2012 XXXX XX XXXXXXXXXXXX XX 4 char LOU code 2 char reserved 12 char entity identification 2 char checksum 24

25 Further information please consult: 25