The issue of timely access to ISIN securities identifiers in Canada is now being evaluated by the Canadian Capital Markets Association’s (CCMA) Institutional Program Steering Committee. The CCMA has been identifying problems holding up straight through processing and has highlighted asset and counterparty identification as presenting the biggest issues. ISINs are currently issued in Canada by the Canadian Depository for Securities, but there is currently no effective means of distribution. To handle the lack of timely access, financial institutions tend to issue their own internal codes, complicating the trade processing cycle.
A-Team Insight Blogs
CCMA Evaluates Lack of Timely Access to ISINs in Canada
Global data standards and identifiers are essential to business growth, market stability and cost reduction – but they can be challenging to implement, while a lack of consistency across jurisdictions has presented obstacles to global take-up. However, with regulators starting to sit up and take note, the issue of data standards is coming increasingly to...
ANNA Progresses Issuance of ISINs for Digital Assets, Notes Addition of Digital Token Identifier Standard
As institutional interest in digital assets continues to rise and the Association of National Numbering Agencies (ANNA) makes plans to use International Securities Identification Numbers (ISINs) to identify these assets, we caught up with Stephan Dreyer, managing director of ANNA, to review progress. He sets the scene, saying: “We are seeing growing issuance of traditional...
The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.
The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...