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Playing by the numbers

Playing by the numbers

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This paper from the global reference data coalition (Redac) outlines the challenges associated with financial numbering schemes, such as Isin and Sedol, and provides an update on current industry thinking.

This report was produced as a result of the March 2003 meeting of the Redac Steering Committee.
It describes the current status of industry discussions on unique instrument identification, provides practical illustrations of the issue, outlines the conclusions of FISD research on the requirements for security identification, summarises the London Stock Exchange plans for extending Sedol and proposes standard terms and definitions associated with this initiative.

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