BS ISO 10962:2021 - Classification of Financial Instruments (CFI) Code

Unlock the potential of your financial operations with the BS ISO 10962:2021 standard, a comprehensive guide to the classification of financial instruments. This essential document is designed to provide clarity and consistency in the identification and categorization of financial instruments, ensuring seamless communication and understanding across global markets.

Overview

The BS ISO 10962:2021 standard, officially titled "Securities and related financial instruments. Classification of financial instruments (CFI) code," is a pivotal resource for professionals in the financial sector. Released on June 7, 2021, this standard is the latest iteration in the ongoing effort to standardize the classification of financial instruments worldwide.

Key Features

• Standard Number: BS ISO 10962:2021
• Pages: 18
• ISBN: 978 0 539 13971 6
• Status: Standard

Why Choose BS ISO 10962:2021?

The financial industry is a complex and ever-evolving landscape. With the BS ISO 10962:2021 standard, you gain access to a robust framework that facilitates the accurate classification of financial instruments. This standard is crucial for:

• Enhanced Communication: By adopting a universal classification system, financial institutions can improve communication and reduce misunderstandings across different markets and jurisdictions.
• Regulatory Compliance: Stay ahead of regulatory requirements by implementing a standardized approach to financial instrument classification, ensuring compliance with international standards.
• Operational Efficiency: Streamline your operations with a clear and consistent classification system, reducing errors and improving the efficiency of your financial processes.

Who Can Benefit?

The BS ISO 10962:2021 standard is an invaluable tool for a wide range of professionals and organizations within the financial sector, including:

• Financial Institutions: Banks, investment firms, and other financial entities can leverage this standard to enhance their classification systems and improve operational efficiency.
• Regulatory Bodies: Regulators can use this standard to ensure that financial institutions comply with international classification requirements, promoting transparency and consistency.
• Financial Analysts: Analysts can benefit from a standardized classification system that provides a clear and consistent framework for evaluating financial instruments.

Comprehensive and Up-to-Date

With 18 pages of detailed information, the BS ISO 10962:2021 standard offers a thorough exploration of the classification of financial instruments. It reflects the latest developments and best practices in the industry, ensuring that you have access to the most current and relevant information.

Global Relevance

In today's interconnected world, having a standardized classification system is more important than ever. The BS ISO 10962:2021 standard is recognized and utilized by financial institutions and regulatory bodies around the globe, making it an essential resource for anyone involved in international finance.

Conclusion

Embrace the power of standardization with the BS ISO 10962:2021 standard. Whether you're a financial institution looking to enhance your classification systems, a regulatory body aiming to ensure compliance, or a financial analyst seeking a reliable framework, this standard is your key to success. With its comprehensive coverage and global relevance, the BS ISO 10962:2021 standard is an indispensable tool for navigating the complexities of the financial world.

BS ISO 10962:2021

This standard BS ISO 10962:2021 Securities and related financial instruments. Classification of financial instruments (CFI) code is classified in these ICS categories:

• 03.060 Finances. Banking. Monetary systems. Insurance

This document defines and describes the structure for the codes for an internationally valid system to classify financial instruments. The classification system applies to financial instruments negotiated internationally as well as to domestic instruments. The term “financial instruments” refers not only to classical securities and derivatives but also covers the innovative financial products that have emerged in different markets (a trend that is expected to continue in the future).

This document is intended for use in any application in the trading and administration of financial instruments in the international securities business. Insofar as the trading and administration of securities do not affect other countries, the application of this document remains at the discretion of the responsible national bodies, such as stock exchanges, banks, brokers, regulatory bodies and other institutions active in the securities field.

In principle, the CFI code reflects characteristics that are defined when a financial instrument is issued and that remain unchanged during its entire lifetime. However, a few events that can lead to a new CFI code for the same instrument are anticipated, such as the changing of voting rights or ownership restrictions by a stockholders' meeting.