Fund
International Securities Identification Number
ISIN.net can assist with obtaining an ISIN number (“International Securities Identification Number”) for all types of securities.
What is an ISIN
ISIN, or International Securities Identification Number, is a 12 digit code that’s sole purpose is to uniquely identify a security, such as a stock or a bond. The ISIN numbering system has been around for more than 40 years and is currently becoming the main traditional avenue for securities identification worldwide with over 100 countries adopting ISIN codes. An ISIN code is unique from other types of identifiers, such as ticker symbols, whose main identification marks are not universal. For instance, a ticker symbol in the US may not be the same as in Japan, though the company is the same. However, the ISIN number code transcends such cross border ‘errors’, and indeed all one must have in his/her possession is the ISIN code to bring up a securities’ information.
Who Obtains ISIN Numbers?
ISIN numbers are obtained by a vast awry of companies and funds, as well as various securities worldwide. For instance, stocks, bonds, warrants, syndicated loans, derivatives, equity options, treasuries, medium term notes (MTNs), commercial paper, trusts of all kinds, rights, futures, options, ETFs and many more obtain ISIN numbers.
Essentially, the most popular method of obtaining an ISIN number is for equity or debt offerings. Thus, if a company is issuing stocks, whether private or public, they often will seek to obtain an ISIN number. This is particularly true for debt offerings. A company conducting a bond offering or note offering will most likely seek an ISIN number, especially if these offerings fall under Rule 144A (144A Offering) or Regulation S (Reg S) or is a Global Note. Both types of offerings are common when applying for an ISIN code and CUSIP number
What is a Fund
A collective investment scheme is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to
- hire a professional investment manager, which theoretically offers the prospects of better returns and/or risk management
- benefit from economies of scale – cost sharing among others
- diversify more than would be feasible for most individual investors which, theoretically, reduces risk.
Terminology varies with country but collective investment schemes are often referred to as mutual funds, investment funds, managed funds, or simply funds (note: mutual fund has a specific meaning in the US). Around the world large markets have developed around collective investment and these account for a substantial portion of all trading on major stock exchanges.
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