ISO 10962:Redline:2019(E)

INTERNATIONAL ISO STANDARD 10962

Redline version compares Fourth edition to Third edition

Securities and related financial instruments — Classification of financial instruments (CFI) code

Valeurs mobilières et autres instrumentse- financiers concernés — Classification des instrumentsW financiersac (code CFI) IE -2 V 21 E 51 R i) 49 P a c9 9 . t/ 01 D h is 2 R te /s 2- .i : ds 6 A s d r 09 D d ar a -1 N ar d nd o n ta is A d ta s 5/ T n s g/ a S a ll o b t u al c h (s F t 03 e ca c T i/ 39 i .a d eh d5 it - s. 1 d e5 ar -8 d a8 an 8 st 4 // s: tp ht

Reference number ISO 10962:redline:2019(E)

IMPORTANT This marked-up version uses the following colour-coding in the marked-up text:

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DISCLAIMER This marked-up version highlights the main changes in this edition of the document compared with the previous edition. It does not focus on details (e.g. changese- in W ac punctuation). IE -2 V 21 E 51 R i) 49 P a c9 9 . t/ 01 D h is 2 R te /s 2- be used for implementation purposes. .i : ds 6 A s d r 09 This marked-up version does not constituteD thed officialar dISOa - 1document and is not intended to N ar d n o n ta is A d ta s 5/ T n s g/ a S a ll o b t u al c h (s F t 03 e ca c T i/ 39 i .a d eh d5 it - s. 1 d e5 ar -8 d a8 an 8 st 4 // s: tp ht

be reproduced or utilized otherwise in any form or by any means, electronic or mechanical, including photocopying, or posting All rights reserved. Unless otherwise specified, or required in the context of its implementation, no part of this publication may

on the internet or an intranet, without prior written permission. Permission can be requested from either ISO at the address belowCP 401or ISO’s • Ch. member de Blandonnet body in 8 the country of the requester. ISOCH-1214 copyright Vernier, office Geneva Phone: +41 22 749 01 11 Fax: +41 22 749 09 47 Email: [email protected] Website: www.iso.org Published in Switzerland ii © ISO 2019 – All rights reserved ISO 10962:redline:2019(E)

Contents Page

Foreword...... vi Introduction...... vii 1 Scope...... 1 2 Normative references...... 1 3 Terms and definitions...... 1 3 4 Conventions and principles...... 1 4 5 CFI allocation...... 3 4.15.1 General...... 3 4.25.2 Existing CFIs and existing securities without a CFI...... 3

5 6 Codes and definitions...... 3

5.16.1 Categories...... 3 5.26.2 ...... 4 5.2.16.2.1 Description...... 4 Equities5.2.26.2.2 - E-*-*-*-*-*- ...... 5 5.2.36.2.3 ...... 6 e- 5.2.4 6.2.4 Common/ordinary shares - E-S-*-*-*-*-W ac ...... 8 IE -2 5.2.5 6.2.5 Preferred/preference sharesV - E-P-*-*-*-*-21 ...... 9 E 51 5.2.6 6.2.6 Common/ordinary convertibleR ) shares 4-9...... E-C-*-*-*-*- 10 i 9 9 5.2.7 6.2.7 Preferred/preference convertibleP .a shares/c 1 - E-F-*-*-*-*-...... 11 h st 0 D e si -2 5.2.8 6.2.8 Limited partnershipR unitsit - E-L-*-*-*-*-s/ 2 ...... 12 A . : d 96 5.2.9 6.2.9 Depositary receipts ons equitiesd r- E-D-*-*-*-*-0 ...... 15 D d ar a -1 N ar d nd o 5.36.3 Collective investmentStructured instrumentsvehiclesCIVs (participation)n ta is ...... - E-Y-*-*-*-*- 16 A d ta s 5/ T n s g/ a 5.3.1 6.3.1 OthersDescription (miscellaneous)S...... a ll - E-M-X-X-X-*-o b 16 t u al c 5.3.26.3.2 h (s F t - C-*-*-*-*-*-03 ...... 16 e ca c T i/ 39 5.3.3 6.3.3 i .a d ...... 18 eh d5 5.3.4 6.3.4 StandardReal estate (vanilla) investmentit investment- trusts (REIT) funds/mutualREITs funds - C-I-*-*-*-*-...... 20 s. 1 5.3.5 6.3.5 HedgeExchange funds traded - C-H-*-X-X-X-d fundse5 (ETF)ETFs ...... 20 ar -8 5.3.6 6.3.6 d a8 ...... - C-B-*-*-X-*- 22 an 8 st 4 5.3.7 6.3.7 // ...... - C-E-*-*-*-*- 22 s: 5.3.86.3.8 p ...... 23 Pensiontt funds - C-S-*-*-*-*- 5.3.9 6.3.9 Fundsh of funds - C-F-*-*-*-*- ...... 25 5.46.4 Private equity funds ...... - C-P-*-*-*-*- 25 5.4.1 6.4.1 OthersDescription (miscellaneous)...... - C-M-X-X-X-*- 25 Debt5.4.2 6.4.2instruments - D-*-*-*-*-*-...... 26 5.4.3 6.4.3 ...... 29 5.4.4 6.4.4 Bonds - D-B-*-*-*-*- ...... 31 5.4.5 6.4.5 Convertible bonds - D-C-*-*-*-*- ...... 33 5.4.6 6.4.6 Bonds with warrants attached - D-W-*-*-*-*-...... 34 5.4.7 6.4.7 Medium term notes - D-T-*-*-*-*- ...... 36 5.4.8 6.4.8 Money market instruments - D-Y-*-*-X-*- ...... 38 5.4.9 6.4.9 Structured instruments (capital protection)...... - D-S-*-*-*-*- 41 5.4.10 6.4.10 Structured instruments (without capital...... protection) - D-E-*-*-*-*- 43 5.4.11 6.4.11 Mortgage-backed securities - D-G-*-*-*-*-...... 45 5.4.12 6.4.12 Asset-backed securities - D-A-*-*-*-*- ...... 47 5.4.13 6.4.13 Municipal bonds - D-N-*-*-*-*- ...... 49 5.56.5 Depositary receipts on...... debt instruments - D-D-*-*-*-*- 49 5.5.16.5.1 Description Others (miscellaneous)...... - D-M-*-X-X-*- 49 Entitlements5.5.26.5.2 (rights) - R-*-*-*-*-*- ...... 50 5.5.3 6.5.3 ...... 50 5.5.4 6.5.4 Allotment (bonus) rights - R-A-X-X-X-*-...... 51 5.5.5 6.5.5 Subscription rights - R-S-*-X-X-*-...... 52 Purchase rights - R-P-*-X-X-*- Warrants - R-W-*-*-*-*- ISO 2019 – All rights reserved iii © ISO 10962:redline:2019(E)

5.5.66.5.6 ...... 54 5.5.76.5.7 ...... 55 5.5.8 6.5.8 Mini-futureOthers (miscellaneous) certificates/constant - R-M-X-X-X-X- leverage...... certificates - R-F-*-*-*-*- 56 5.66.6 Depositary receipts...... on entitlements - R-D-*-X-X-*- 56 5.6.1 6.6.1 Description...... 56 Listed5.6.26.6.2 options - O-*-*-*-*-*- ...... 56 5.6.3 6.6.3 ...... 58 5.6.4 6.6.4 CallOthers options (miscellaneous) - O-C-*-*-*-*- - O-M-X-X-X-X-...... 59 5.76.7 Put options...... - O-P-*-*-*-*- 60 5.7.1 6.7.1 Description...... 60 Futures5.7.26.7.2 - F-*-*-*-*-X- ...... 60 5.7.3 6.7.3 ...... 61 5.86.8 Financial...... futures - F-F-*-*-*-X- 62 5.8.1 6.8.1 CommoditiesDescription...... futures - F-C-*-*-*-X- 62 Swaps5.8.26.8.2 - S-*-*-*-*-*- ...... 62 5.8.3 6.8.3 ...... 65 5.8.4 6.8.4 Rates - S-R-*-*-*-*- ...... 67 5.8.5 6.8.5 Commodities - S-T-*-*-X-*-...... 68 5.8.6 6.8.6 Equity - S-E-*-*-X-*- ...... 70 5.8.7 6.8.7 Credit - S-C-*-*-*-*- ...... 71 5.96.9 ...... 72 Foreign exchange - S-F-*-X-X-*- e- 5.9.1 6.9.1 OthersDescription (miscellaneous)...... - S-M-*-X-X-*-W ac 72 IE -2 Non-listed5.9.26.9.2 and complex listed...... options - H-*-*-*-*-*-V 21 72 E 51 5.9.3 6.9.3 ...... R ) 49 76 i 9 9 5.9.4 6.9.4 Rates - H-R-*-*-*-*- ...... P .a /c 1 78 h st 0 D e si -2 5.9.5 6.9.5 Commodities - H-T-*-*-*-*-...... R it s/ 2 80 A . : d 96 5.9.6 6.9.6 Equity - H-E-*-*-*-*- s ...... d r 0 81 D d ar a -1 N ar d nd o 5.9.7 6.9.7 Credit - H-C-*-*-*-*- n ta ...... is 83 A d ta s 5/ T n s g/ a 5.106.10 Foreign exchange...... S- H-F-*-*-*-*-a ll o b 85 t u al c 5.10.1 6.10.1 Others Description (miscellaneous)...... h (s - H-M-*-*-*-*-F t 03 85 e ca c T i/ 39 5.10.2 Spot6.10.2 - I-*-*-X-X-*- Foreign exchangei - I-F-X-X-X-P-.a d ...... 85 eh d5 5.10.3 6.10.3 it .-...... 85 s. 1 5.116.11 ...... d e5 86 ar -8 5.11.1 6.11.1 CommoditiesDescription...... - I-T-*-X-X-X-d a8 86 an 8 st 4 5.11.2 Forwards6.11.2 - J-*-*-X-*-*- // ...... 86 s: 5.11.36.11.3 p ...... 87 tt 5.11.4 6.11.4 Equity - J-E-*-X-*-*-h ...... 88 5.11.5 6.11.5 Foreign exchange -...... J-F-*-X-*-*- 89 5.11.6 6.11.6 Credit - J-C-*-X-*-*- ...... 90 5.126.12 Rates - J-R-*-X-*-*-...... 91 5.12.1 6.12.1 CommoditiesDescription...... - J-T-*-X-*-*- 91 5.12.2 Strategies6.12.2 -Rates K-*-X-X-X-X- - K-R-X-X-X-X-...... 91 5.12.3 6.12.3 Commodities - K-T-X-X-X-X-...... 92 5.12.4 6.12.4 ...... 92 5.12.5 6.12.5 Credit - K-C-X-X-X-X-...... 92 5.12.6 6.12.6 EquityForeign - exchangeK-E-X-X-X-X- - K-F-X-X-X-X-...... 93 5.12.7 6.12.7 Mixed assets - K-Y-X-X-X-X-...... 93 5.12.8 6.12.8 Others (miscellaneous) - K-M-X-X-X-X-...... 93 5.136.13 ...... 94 5.13.1 6.13.1 Description...... 94 5.13.2 Financing6.13.2 - L-*-*-*-X-*- ...... 94 5.13.3 6.13.3 ...... 95 5.13.4 6.13.4 Loan-lease - L-L-*-X-X-*- ...... 96 5.146.14 Repurchase agreements - ...... L-R-*-*-X-*- 97 5.14.1 6.14.1 SecuritiesDescription lending...... - L-S-*-*-X-*- 97 5.14.2 Referential6.14.2 instruments - T-*-*-*-*-X-...... 98 5.14.3 6.14.3 ...... 98 Currencies - T-C-*-X-X-X- Commodities - T-T-*-X-X-X- iv © ISO 2019 – All rights reserved ISO 10962:redline:2019(E)

5.14.46.14.4 ...... 99 5.14.56.14.5 ...... 100 5.14.6 6.14.6 Interest rates - T-R-*-*-X-X-...... 102 5.14.7 6.14.7 Indices - T-I-*-*-*-X- ...... 102 5.14.8 6.14.8 BasketsOthers (miscellaneous) - T-B-*-X-X-X- - T-M-X-X-X-X-...... 103 5.156.15 Stock dividends - T-D-*-X-X-X-...... 103 5.15.1 6.15.1 Description...... 103 5.15.2 Others6.15.2 (miscellaneous) - M-*-*-*-X-*- ...... 103 5.15.3 6.15.3 ...... 104 Combined instruments - M-C-*-*-X-*- Annex A (informative) Classification examples...... 106 Other assets - M-M-*-X-X-X- Bibliography...... 113

e- W ac IE -2 V 21 E 51 R i) 49 P a c9 9 . t/ 01 D h is 2 R te /s 2- .i : ds 6 A s d r 09 D d ar a -1 N ar d nd o n ta is A d ta s 5/ T n s g/ a S a ll o b t u al c h (s F t 03 e ca c T i/ 39 i .a d eh d5 it - s. 1 d e5 ar -8 d a8 an 8 st 4 // s: tp ht

Foreword

ISO (the International Organization for Standardization) is a worldwide federation of national standards bodies (ISO member bodies). The work of preparing International Standards is normally carried out through ISO technical committees. Each member body interested in a subject for which a technical committee has been established has the right to be represented on that committee. International organizations, governmental and non-governmental, in liaison with ISO, also take part in the work. ISO collaborates closely with the International Electrotechnical Commission (IEC) on all matters of electrotechnical standardization. The procedures used to develop this document and those intended for its further maintenance are described in the ISO/IEC Directives, Part 1. In particular, the different approval criteria needed for the different types of ISO documents should be noted. This document was drafted in accordance with the editorial rules of the ISO/IEC Directives, Part 2 (see www.iso.org/directiveswww.iso.org/directives). Attention is drawn to the possibility that some of the elements of this document may be the subject of patent rights. ISO shall not be held responsible for identifying any or all such patent rights. Details of

on the ISO list of patent declarations received (see www.iso.org/patentswww.iso.org/patents). any patent rights identified during the development of the document will be in the Introduction and/or Any trade name used in this document is information given for the convenience of users and does not e- constitute an endorsement. W ac IE -2 V 21 For an explanation on theof the voluntary nature Eof standards, 51the R i) 49 terms and expressions related to conformity Passessment,a cas9 9well as information about . t/ 01 D h is 2 ISO's adherence to the WTOWorld Trade OrganizationR te (WTO)/s 2- principles meaning in ofthe ISO Technical specific .i : ds 6 Barriers to Trade (TBT) see the following URL:A s, seed Forewordr 09 - Supplementary information D d ar a -1 www.iso.org/iso/foreword.html. N ar d nd o n ta is A d ta s 5/ T n s g/ a S a ll o b The committee responsible for this document tisThisu documental c was prepared by Technical Committee h (s F t 03 ISO/TC 68, , Subcommitteee SC 48, ca c Financial services T Securitiesi/ 39 and related financial instrumentsReference i .a d data for financial services. eh d5 it - s. 1 d e5 This thirdfourth edition cancels and replacesr the-8 secondthird edition (ISO 10962:20012015) which da 8 has been extended to cover necessary technicaln a changes.technically revised. The main changes to the ta 48 /s previous edition are as follows: :/ ps tt h 6.8, 6.9 and 6.11 have been amended, where the support for multi-commodity derivatives, the addition of — Toexercise address styles industry not connected requirements to option for type the (putclassification or call) and of thederivative ability to instruments, classify foreign exchange derivatives for single currencies and a basket of currencies are included. — In 6.8 products. , changes have been introduced for the identification of deliverable/non-deliverable for swap — Rolling foreign exchange spot contracts have been included in 6.11.

complete listing of these bodies can be found at www.iso.org/members.html. Any feedback or questions on this document should be directed to the user’s national standards body. A

Introduction

The classification of financial instruments (CFI) code was developed to address a number of problems which have concerned the financial community. With the growth of cross-border trading, the Therequirement business to problems improve centrecommunication around an of inability information to obtain among information market participants on securities has become due to thecritical. lack

ofcommunication a consistent andproblem uniform has developed.approach to grouping financial instruments. With the explosive growth over the past 20 years in new instruments and features attached to financial instruments, a serious features. The problem is compounded when market participants look beyond their own national Manymarkets. market They participants encounter arethe usingsame similarwords terminologyto describe instrumentsfor instruments in anotherhaving significantlycountry, which different have

encounters the problem of the same words being applied to different instruments along with the significantlyproblems of translation, different features. which alsoWhere can the be terminologymisleading. is in a different language, the market participant In addition, the customs and practices of local markets vary considerably in the manner in which

analysis, it is often found that the characteristics and features of these instruments are similar to a e- theydomestic structure instrument. financial However, instruments, most market leaving participants foreign participantsW do not have confusedac the time and and perplexed. resources On to carefuldo this IE -2 analysis. V 21 E 51 R i) 49 The inability to group securities in a consistentP mannera is canother9 9 problem encountered by market . t/ 01 D h is 2 R te /s 2- .i : ds 6 A s d r 09 D d ar a -1 participants.a credibility issueReports with of theholdings reader. by When differentN arelativer sourcesd performancesnd foro similar arefinancial being instrumentsmeasured, the often ability result to n ta is A d ta s 5/ properlyin financial categorize instruments holdings being is essentialcategorizedT ifn true differently. scomparisonsg/ a This notare toonly be affectsmade. comparability but causes S a ll o b t u al c h (s F t 03 e ca c T i/ 39 i .a d instruments having similar features. The othereh d5 is to develop a glossary of terms and provide common it - The solution envisioned is twofold. One iss. to 1establish a series of codes which clearly classify financial d e5 ar -8 d a8 .: an 8 definitions which allow market participantsst 4 to easily understand terminology being used. // s: The benefits derived are many tp ht — The development of these codes will increase the efficiency, reliability, data consistency and transparency of financial services transactions for both market and reference data. Classifying financial instruments in a consistent, structured and standardized way is also beneficial for regulatory reporting requirements. for Straight Through Processingstraight-through processing by all involved participants in an — Theelectronic CFI code data system processing provides environment. a set of codes An Forfor financialexample instrumentsbeing, readers which of portfolio can be usedholdings globally see reports from different sources using the same categories, groups and attributesCategories, Groups and Attributes, making comparison of instruments more credible. — The broadened scope and coverage of CFI codes encourages market participants to take advantage of

— otherIt is intended International that the Standards, improved particularly understanding international of the characteristics securities identification and categorization numbers leads (ISINs). to a

betterinternet comprehension technology, which of financial has allowed instruments. the growth This of leads e-issuing, to more e-trading active markets and e-settlements. and the resulting improvement in market liquidity. In addition, these codes will be displayed on websites using industry risk aggregation and regulatory reporting. — The CFI code system can further serve as a basis for classification of financial instruments for

INTERNATIONAL STANDARD ISO 10962:redline:2019(E)

Securities and related financial instruments — Classification of financial instruments (CFI) code

1 Scope This International Standarddocument

defines and describes codes for an internationally valid system to classify financial instruments. The classification system applies to financial instruments negotiated marketsinternationally (a trend as that well is asexpected to domestic to continue instruments. in the future). The term “financial instruments” refers not only to classical securities, but also covers the innovative financial products that have emerged in different This International Standarddocument is intended for use in any application in the trading and administration of securities in the international securities business. In so far as the trading and the administration of securities do not affect other countries, the application of this International Standarddocument remains at the discretion of the responsible national bodies, such as stock

e- W ac exchanges, banks, brokers, regulatory bodies and otherIE institutions-2 active in the securities field. and that remain unchanged during its entire lifetime.V However, 2a1 few events that can lead to a new E 51 InCFI principle, code for thethe CFIsame code instrument reflects characteristics are anticipated,R that suchi) are as defined the4 9changing when a offinancial voting instrumentrights or ownership is issued P a c9 9 restrictions by a stockholders' meeting. . t/ 01 D h is 2 R te /s 2- .i : ds 6 A s d r 09 D d ar a -1 N ar d nd o 2 Normative references n ta is A d ta s 5/ T n s g/ a S a ll o b t u al c The following referenced documentsh ( sare indispensableF t 03 for the application ofreferred to in the text e ca c T i/ 39 this document. For dated i .a d references, only the edition cited applies. Foreh dundated5 references, the latest edition of the referenced it - s. 1 indocument such a way (including that some any amendments)or all of their applies.contentd e5 constitutes requirements of ar -8 d a8 ISO 4217, an 8 Codes for the representationst of4 currencies and funds // s: ISO 6166, Securities and related financialtp instruments — International securities identification numbering ht system (ISIN)

3 Terms and definitions

NoISO terms and IEC and maintain definitions terminological are listed in databases this document. for use in standardization at the following addresses: — ISO Online browsing platform: available at https://www.iso.org/obp — IEC Electropedia: available at http://www.electropedia.org/

3 4 Conventions and principles

3.1 4.1 The CFI code provides the most comprehensive information possible, while maintaining the code termsmanageability. prevailing One in ofa giventhe essential country; rules these of terms this CFI can concept possibly is bethat used the inclassification a different issense determined in another by the intrinsic characteristics of the respective financial instruments and not by the instrument names and

country. This principle avoids confusion arising from different linguistic usage as well as redundancy, while allowing objective comparison of the instruments across all domestic markets.

Refer to the examples in Annex A.

3.2 4.2 The CFI code consists of six alphabetical characters. The following alphabetic characters, A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, and Z, are available for assignment. Two alphabetic

Xcharacters have special meaning andIfthe cannot character be redefined: 'X' can be used for any respective Attribute if the information is unknown, not available or applicable at the time of assignment, the character 'X' Notis to applicable/undefined: be used for the respective elementregardless of whether it is stated as an available char-

known or available. Theacter character for the Attribute 'X' shall notand be should used asbe a updated value in tothe reflect above the described respective manner Attribute for Category as soon or as Group. it is

M Others (miscellaneous): the character ‘M’ exclusively represents ‘others (miscellaneous)’ and can only be used where it is available as a character within the context of its parent Category or

Group. ‘M’ is only to be selected when the Category, Group or Attributee -being classified cannot W ac The meaningbe attributed of an toalphabetic an existing character specified is Category, local to andGroup onlyIE or Attribute.valid within-2 the context of its parent V 21 Category or Group. E 51 R ) 49 i 9 9 P .a /c 1 h st 0 3.3 4.3 D e si -2 R it s/ 2 . (CIVs): ,d debt6 instruments and many more. A s d r 09 D d ar a -1 The first character indicates the highestN a rlevel dof nclassificationd o and differentiates between n ta is Categories such as equities, collective investmentA vehiclesd ta s 5/ 3.4 4.4 T n s g/ a S a ll o b t u al c broken down into: h (s F t 03 e ca c The second character indicatesT specific Groupsi/ within39 each Category; equities, for example, are i .a d — common/ordinary shares, eh d5 it - s. 51 rd 8e — preferred/preference shares, a 8- nd a ta 48 /s — common/ordinary convertible shares,:/ ps tt — preferred/preference convertible hshares, — limited partnership units,

— — depositarystructured receiptsinstruments on equities, (participation) and — others (miscellaneous). Within the Category of debt instruments, the Groups are bonds, convertible bonds, bonds with warrants attached, medium-term notes, money market instruments, structured instruments (capital protection), structured instruments (without capital protection), mortgage-backed securities, asset-backed securities, municipal bonds, depositary receipts on debt instruments and others (miscellaneous). For Clause 56.

3.5the 4.5complete The last classification four characters breakdown, indicate seethe most relevant Attributes applicable to each Group. Whereas voting rights, ownership/transfer/sales restrictions, payment status and form are useful information

underlying assets, delivery, standardized/non-standardized or trigger. in equities, these features do not exist for options, which have other Attributes such as option style,

4 5 CFI allocation

4.1 5.1 General CFIs are allocated following the conventions and principles of Clause 34 of this International Standarddocument. usingaccording to ISO 6166, the relevant ISIN allocation agency willshall Where an instrument is identified For those also instruments assign the where CFI. This no ISIN CFI willis assigned, always be the considered CFI may be the derived official by CFI. a user in accordance with this International Standarddocument. CFIs shall be assigned in a timely manner in order to meet the needs of the user community.

4.2 5.2 Existing CFIs and existing securities without a CFI Existing active CFIs assigned in accordance with previous editions of this International Standarddocument will transition to the most recent edition.

edition. e- W ac The allocation of CFIs for existing financial instrumentsIE without a CFI-2 shall be based on the most recent V 21 E 51 5 6 Codes and definitions R i) 49 P a c9 9 . t/ 01 D h is 2 R te /s 2- .i : ds 6 5.1 6.1 Categories A s d r 09 D d ar a -1 N ar d nd o n ta is A d ta s 5/ T n s g/ a S a ll o b t u al c h (s F t 03 The first character of the CFI codee indicates theca followingc Categories: E T i/ 39 i .a d eh d5 it - C Collective investment vehicles s. 1 Equities d e5 ar -8 d a8 D Debt instruments an 8 st 4 // s: R Entitlement (rights) tp ht O Listed options

F Futures

S Swaps

H Non-listed and complex listed options

I Spot

J Forwards

K Strategies

L Financing

T Referential instruments

M Others (miscellaneous) For the sake of easier legibility of the following subclauses, the individual characters of the CFI codes

C EquitiesCIVs D Debt instruments

R Entitlement (rights)

O Listed options

F Futures

S Swaps

H Non-listed and complex listed options

I Spot

J Forwards

K Strategies

e- L Financing W ac IE -2 V 21 T Referential instruments E 51 R i) 49 P a c9 9 . t/ 01 M Others (miscellaneous) D h is 2 R te /s 2- .i : ds 6 A s d r 09 D d ar a -1 5.2 6.2 Equities - E-*-*-*-*-*- N ar d nd o n ta is A d ta s 5/ T n s g/ a S a ll o b t u al c 5.2.1 6.2.1 Description h (s F t 03 e ca c T i/ 39 i .a d Financial instruments representing an ownership einteresth d5 in an entity or pool of assets. it - s. 1 d e5 ar -8 d a8 an 8 st 4 // SEquitiesCommon/ordinary are broken down shares into the followings: Groups: tp ht P Preferred/preference shares

C Common/ordinary convertible shares

F Preferred/preference convertible shares

L Limited partnership units

Y DepositaryStructured instrumentsreceipts on equities (participation) M Others (miscellaneous)

S Common/ordinary shares

P Preferred/preference shares

C Common/ordinary convertible shares

F Preferred/preference convertible shares

L Limited partnership units

Y DepositaryStructured instrumentsreceipts on equities (participation) M Others (miscellaneous)

5.2.2 6.2.2 Common/ordinary shares - E-S-*-*-*-*-

usually rank behind the entity's creditors and holders of preferred/preference shares. Holders are typically entitled to vote and receive dividends. In the event of liquidation, holders of shares First attribute Voting right (indicates the kind of voting power conferred to the shareholder): V Voting (each share has one vote) -E-S-V N Non-voting (the shareholder has no voting right) -E-S-N -*-*-*- R Restricted voting (the shareholder may be entitled to less than -E-S-R one vote per share) -*-*-*- E Enhanced voting (the shareholder is entitled to more than one -E-S-E-*-*-*- vote per share) e- Second attribute Ownership/transfer/sales restrictionsW (the ownershipac or transfer of the security-*-*-*- is subject IE -2 V 21 E 51 T Restrictions R i) 49 T to special conditions includingP countrya specificc9 restrictions):9 . t/ 01 U Free (unrestricted) D h is 2 U R te /s 2- -E-S-*- -*-*- .i : ds 6 Third attribute Payment status: A s d r 09 D d ar a -1 -E-S-*- -*-*- N ar d nd o O Nil paid n ta is O A d ta s 5/ T n s g/ a P Partly paidS a ll o b P t u al c h (s F t 03 -E-S-*-*- -*- F Fully paide ca c F T i/ 39 i .a d -E-S-*-*- -*- Fourth attribute Form (negotiability, transmission):eh d5 it - s. 1 -E-S-*-*- -*- B Bearer (the ownerd ise5 not registered in the books of the issuer B- ar -8 or of the registrar)d a8 an 8 st 4 -E-S-*-*-*- R Registered// (securities are recorded in the name of the owner R- s: on the pbooks of the issuer or the issuer's registrar and can tt only beh transferred to another owner when endorsed by the -E-S-*-*-*- registered owner) N Bearer/registered (securities are issued in both bearer and N-

M Others (miscellaneous) -E-S-*-*-*-M- registered form but with the same identification number) First attribute Voting right (indicates the kind of voting power conferred to the-E-S-*-*-*- shareholder): V Voting (each share has one vote) -E-S-V N Non-voting (the shareholder has no voting right) -E-S-N -*-*-*- R Restricted voting (the shareholder may be entitled to less -E-S-R than one vote per share) -*-*-*- E Enhanced voting (the shareholder is entitled to more than -E-S-E-*-*-*- one vote per share) Second attribute Ownership/transfer/sales restrictions (the ownership or transfer of -*-*-*-the secu-

T Restrictions T rity is subject to special conditions including country-specific restrictions): U Free (unrestricted) U -E-S-*- -*-*- Third attribute Payment status: -E-S-*- -*-*- O Nil paid O