The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Euronext Steps Into Line With Adoption of ISIN-Only Coding

From the end of June, all securities traded on the Euronext Paris cash markets will be identified solely by their International Securities Identification Numbers (ISIN), bringing it into line with most other major financial markets.

In France it will replace the national Sicovam codes, making it easier to identify securities, particularly in cross-border transactions. For Euronext, the switch also represents a further step in harmonizing operations between member markets – Amsterdam, Brussels and Lisbon have already adopted the ISIN code.

The new codes will apply to all securities traded on the Euronext Paris cash markets, including equities, bonds and structured products such as warrants and trackers.

A steering group representing the French financial community and headed by AFTI, the French association for securities professionals, is working to ensure a smooth transition. Tests scheduled in the run-up to June will enable players to implement any necessary changes.

A dedicated Internet site will go online in early March at www.euronext.com/isin, and will include a converter for switching between Sicovam and ISIN codes.

Clearnet is the clearing house and central counterparty of equity and derivatives markets operated by Euronext Amsterdam, Brussels and Paris.

Euronext NV is the first pan-European exchange and operates cash and derivatives markets in Amsterdam, Brussels, Lisbon and Paris, as well as Liffe, the international derivatives market based in London.

Related content

WEBINAR

Recorded Webinar: Client onboarding and KYC: the data management challenges

This webinar has passed, but you can view the recording by registering here. Client onboarding and Know Your Customer (KYC) processes are imperative to regulatory compliance and building competitive advantage, but how much progress is the industry making in transitioning onboarding from a disjointed process run across many functions to an holistic operation spanning the...

BLOG

DSB Publishes UPI Implementation Timeline, Lists Products Requiring Identifier, Opens Second Fee Model Consultation

The Derivatives Service Bureau (DSB) has taken three more significant steps towards go live of the Unique Product Identifier (UPI) service in July 2022 with the publication of a draft implementation timeline, an initial list of products that will require UPIs and a second UPI fee model industry consultation focusing on the timeline and encouraging...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...