About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Deceval Appointed as NNA for Colombia for ISIN and CFI Codes

Subscribe to our newsletter

The Colombian central securities depository (CSD) Deposito Centralizado de Valores de Colombia (Deceval) has been appointed as the national numbering agency for the country, according to a recent letter from the CSD’s CEO Jorge Hernan Jaramillo Ossa. Deceval will therefore be responsible for allocating six character Classification of Financial Instrument (CFI) codes and 12 character International Securities Identification Number (ISIN) codes for securities in the Colombian market that are subject to the ISO 6166 and ISO 10962 standards.

This will involve the migration of all the existing coding information in the country by the deadline of 23 March and will affect all the agents and market participants in the Colombian and international markets, as well as with respect to all the transactions needed to be settled as of said date. According to the letter, the securities that will be allocated a new code are shares or equivalent securities, all bond certificates, including Colombian Government Certificates and corporate and financial bonds, and all other securities issued in Colombia registered in the National Issuers and Intermediary Registry at the Colombia Finance Superintendence.

Ossa notes: “The cut-over or migration process will begin with the closing of operations at our offices on the 19 of March 2010, and it will be completed on the 22 of March, 2010, a holiday in Colombia. On that same date Deceval will inform all changes to the Substitute Numbering Agency Standard & Poor’s Cusip Service Bureau and ANNA Service Bureau so that all the codes which have previously been assigned or allocated will no longer be valid, as of that date.”

The new codes that have been assigned to securities in the local market will then be communicated to Cusip Service Bureau and ANNA on 22 March and shall be effective for all securities transactions performed as of the 23 March.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Strategies, tools and techniques to extract value from unstructured data

Unstructured data is voluminous, unwieldy and difficult to store and manage. For capital markets participants, it is also key to generating business insight, making better-informed decisions and delivering both internal and external value. Solving this dichotomy can be a challenge, but there are solutions designed to help financial institutions digest, manage and make best use...

BLOG

Duco Unveils AI-Powered Reconciliation Product for Unstructured Data

Duco, a data management automation specialist and recent A-Team Group RegTech Insight Awards winner, has launched an artificial intelligence-powered end-to-end reconciliation capability for unstructured data. The Adaptive Intelligent Document Processing product will enable financial institutions to automate the extraction of unstructured data for ingestion into their systems. The London-based company said this will let market...

EVENT

ESG Data & Tech Briefing London

The ESG Data & Tech Briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...