The ISIN stands for international securities identification number. It is a method of numbering the securities of particular companies and institutions who offer their securities on the share market. It is a unique machine-generated number used to denote particular securities.
This system was introduced in the year 1981. The ISIN number was accepted when the G30 nations choose to adopt it. The ISIN is a number assigned to the shares of a particular company or entity and is mainly designed to make the trading process simple. The ISIN number helps traders and the brokers identify the shares of a particular company.
This facilitates easy trading in the share market. The ISIN is a number used to locate the securities of a particular company, worldwide. The mechanism for the global access of ISIN was introduced in the year 1994. This system enabled the electronic transfer of ISIN information across the world. Currently, this system is adopted by most of the countries and is preferred for ease of operations.
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India has also adopted the ISIN system. In India, the task of generating the ISIN number for various securities falls to the securities and exchange board of India. In case of government securities, the reserve bank of India or RBI is authorized with the task of assigning the ISIN. The ISIN Code helps investors and traders locate the securities of a particular company.
ISIN is regulated by international authorities i.e. ISO and is a machine-generated number attributed to specific securities like stocks, bonds, futures and so on. ISIN brings transparency to the system and helps in the clearing or settlement in the electronic format.
The ISIN code is unique data which consists of 12 alphanumeric numbers. The 12 digits can be categorized into three separate sections. Each section denotes some specific information:
The ISIN code helps in the identification of securities like stocks, equities, mutual funds, debt funds and so on. There are two ways by which one can apply for the ISIN. The first method is email application and the second method is the form application.
Applying via Email:
Online forms are available on the ISIN website. There are different online application forms available for different types of securities:
The applicant can select the given option as per his requirements and submit the application form.
Some of the important features of ISIN are as follows:
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