Unique Security Identification Research Software amp; Information 独特的安全识别的研究软件amp；信息.pptVIP

Unique Security Identification Research Preliminary Results June 12, 2001 Michael Atkin, FISD FISD Research Process Goal: identify (at a granular level) what each segment of the information chain requires for security identification Perspectives of trading, investment/portfolio management, pricing, custody, settlement, depository, clearing, compliance, risk management, database management Five meetings and three conference calls since Zurich Participants ADP, Bank of Ireland, Bank of New York, Bloomberg, Bridge Information Systems, Capital Group, Citicorp, Clearstream, Credit Suisse Asset Management, The Depository Trust Clearing Corporation, Euroclear, Goldman Sachs, HSBC, Interactive Data Company, Investors Bankers Trust, JPMorgan Chase, Lehman Brothers, Mellon Trust, Merrill Lynch, Metamatrix, Moodys Investor Service, Prudential Securities, Standard Poors/CUSIP, State Street Bank, S.W.I.F.T., Reuters, Swiss America Securities, Telekurs Financial, Thomson Financial, T. Rowe Price, Wachovia Securities Words of Caution This is a complicated issue Instruments can be issued, priced, traded, settled and cleared in many ways Different types of identifiers are relevant at various levels and for a variety of functions -- one size doesn’t fit all Overall goal is efficiency and reduction of fails -- STP trade mechanics and cross-border processing are part of security identification Take A Deep Breath This inquiry is NOT complete We’re not ready to make a definitive statement on either industry requirements or probable solutions Our inquiry is being extended to include both instrument and trade identification data elements Communication of event attributes are not (necessarily) the responsibility of ISIN or the ASB An Illustration ISIN Alone is Not Sufficient ISIN: DE0007236101 ISIN is a unique issue identifier but not always a unique security identifier ISIN alone is not sufficient for unique identification because one ISIN can be shared among multiple offerings