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The ISIN Number Code is used in nearly 100 countries to identify both equity and debt securities issues, derivatives, syndicated loans and equity options, as well as stocks, bonds, treasuries, commercial paper, medium terms notes, warrants, rights, trusts, futures, options and more.
The ultimate goal of international identification codes referred to as “ISIN” (International Securities Identification Number) or CUSIP is to standardize the identification of securities and other financial instruments via a unified system and a uniform classification.
Said another way, ISIN numbers are allocated to securities, much like a social security number for a person, in order to clearly show or state what the securities details are, and to assist in the clearing and settlement procedures between potential buyer and seller.