BS ISO 10962:2021 pdf download – Securities and related financial instruments — Classification of financial instruments (CFI) code
The CFI code is composed of six alphabetic characters where each character position has special significance. The structure can be summarized as follows (detailed descriptions are provided in the following subclauses):
— The first character represents the Category of the instrument.
— The second character represents the Group within a given Category. — The third to the sixth characters are attributes which are defined to be significant within the context of a given Category and Group. The 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 characters have special meanings and cannot be redefined:
X Not applicable or undefined: the character ‘X’ may be used for any respective Attribute if the infor- mation is unknown, not available or applicable at the time of assignment, regardless of whether it is stated as an available character for the Attribute and should be updated to reflect the respective Attribute as soon as it is known or available. The character ‘X’ shall not be used as a value in this manner for Category or Group.
M Others (miscellaneous): the character ‘M’ exclusively represents ‘Others (miscellaneous)’ and may 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 Attribute being classified shall not be attributed to an existing specified Category, Group or Attribute. The meaning of an alphabetic character is local to, and only valid within, the context of its parent category or its group. Refer to Annex A for an example.
4.2 Category The first character indicates the highest level of classification, the Category, which describes the broad asset classes of the instrument, such as debt, equities, listed options, referential instruments or swaps.
4.3 Group The second character indicates specific Groups within each category. For example, equities are broken down into groups such as common or ordinary shares, preferred or preference shares, and common or ordinary convertible shares. Within the category of debt instruments, groups include bonds and convertible bonds. For the complete classification breakdown covering all categories, see https://www.iso. org/maintenance_agencies.html#81140.
4.4 Attributes The last four characters indicate the most relevant attributes applicable to each group within a category. Whereas voting rights, ownership, transfer or sales restrictions, payment status and form are useful information in equities, these features do not exist for options, which have other attributes such as option style, underlying assets, delivery, standardized or non-standardized, or trigger. The position of the four attributes among them do not represent a hierarchical structure within the instrument group.
4.5 Semantic model of the external code list for the CFI The metamodel for the CFI consists of a specification of each type of CFI component (e.g. Category, Group, First Attribute) as well as the metadata that is attached to each of those components. The annotations function to describe the elements (e.g. provide the definition) as well as to specify certain administrative facts associated with the item (e.g. whether the item has been deprecated), see Figure 2.
Note that the attributes (First Attribute, Second Attribute, Third Attribute, Fourth Attribute) do not stand in a hierarchical relationship to each other in any instance. Rather, they are all specified as having the appropriate individual that is a member of the class “Group” as the skos:broader “parent”. This is deliberate, as the attribute-level individuals are not semantically related in the actual CFI code strings. This further has the consequence that each Attribute is specified within the context of both a Category and a Group.BS ISO 10962 pdf download.