The role of NNAs and ANNA: ISINs and CFI codes 27 th May, 2008 Moscow

1. The role of NNAs and ANNA: ISINs and CFI codes27th May, 2008 Moscow Darren Purcell Director, Securities Classifications

2. National Numbering Agencies (NNA’s) Role of an NNA • Uniquely identifying issuers and issues of financial instruments within its jurisdiction • Creating and maintaining ISINs and CFI Codes • Disseminating data to the financial marketplace Example NNA’s • CUSIP Global Services (CGS) – US • National Depository Center (NDC)- RU • London Stock Exchange – GB • Clearstream/Euroclear – XS

3. What is CUSIP Global Services? • CUSIP Global Services is the overarching entity representing all CUSIP global identification services. CSB (CUSIP Service Bureau) is the day-to-day operating organization overseeing the creation and delivery of CUSIP-based identifiers to the financial services industry. • CSB is managed on behalf of the American Bankers Association by Standard & Poor’s.

4. About CUSIP Global Services • Covers more than 8 million unique individual financial instruments • Issued by corporations, municipalities and government agencies CSB’s Offering Today CUSIP Committee on Uniform Security Identification Procedures CINS The CUSIP International Numbering System CSB ISINs Participation in the assignment of CUSIP-based International Securities Identification Numbers

5. About CUSIP Global Services • Assigns CUSIP, CINS and CSB ISIN codes • The system for US, Canada, Cayman Islands, Bermuda and Jamaica • Responsibilities for Caribbean, and Central/South American Countries • Disseminates data to the industry • First source of new financial instrument information (pre-trade) • Up to 50 data elements per security • Standardized issuer and instrument descriptions • Real-time and electronic services • 1,500 – 2,000 new CUSIPs added daily; half assigned on one-hour basis • Has an operations staff with 250+ years cumulative experience • Team is located in North America, Europe and Asia

6. Asset Coverage General Interest Instrument Types

7. ISO Standards – Financial Industry • ISIN Numbering Standard (ISO 6166) • Classification of Financial Instruments (CFI) Codes (ISO 10962) • Currency & Domicile Code Standards (ISO 3166, 4177) • Market Identification Codes (“MIC” – ISO 10383) • Data Dictionary (ISO 15022 - Syntax for messages) a

8. Global Securities Identification: A Standards-based Roadmap BP PLC……….Common Shares ISIN………………….MIC…………….CFI……………Currency GB0007980591 ……XTKS…………..ESVUFR……..JPY GB0007980591 ……XLON…………..ESVUFR...…...GBP GB0007980591 ……XFRA…………..ESVUFR ……..EUR

9. Classification of Financial Instruments (CFI) Codes (ISO 10962) • The CFI consists of six alphabetical characters: • The first character indicates the highest level of classification (categories). Equities (E), Debt instruments (D), Entitlements (Rights) (R), Options (O), Futures (F), Others/Miscellaneous (M) • The second character indicates specific groups within each category: • Groups e.g. for equities: • SharesPreferred sharesConvertible preferred sharesUnits, i.e. unit trusts/mutual funds etc.Others • The third to sixth character indicate the most important attributes to each group: • Attributes e.g. for equities: • Voting rightOwnership/transfer restrictionsPayment statusForm

10. Classification of Financial Instruments (CFI) Codes (ISO 10962) • Issue type: • Variable Rate Guaranteed Convertible Bond CFI code: DCVGGR • Category: D= Debt • Group:C= Convertible bond • Attributes:V= Variable rate G = Guaranteed G = Redeemable R = Registered form

11. Association of National Numbering Agencies (ANNA) • 1992 Creation • Over 100 members and partners globally • Registration Authority for ISINs and CFI codes • Objectives: ISIN, CFI promotion & maintenance • The CFI reflects characteristics that are defined when a financial instrument is issued and remain unchanged during its entire lifetime.

12. Standard & Poor’s, Telekurs and the Association of National Numbering Agencies (ANNA) created the ANNA Service Bureau in 2001. ISIN-based feed sourced directly from national numbering agencies in one consolidated format. ASB hub contains almost 7 million securities representing over 200 countries. Subscription based web interface or ftp feed available. ANNA Service Bureau (ASB): Overview

13. ANNA Service Bureau Web Access

14. ANNA Service Bureau Web Access

15. Recent queries by Russian users • Complete coverage of CFI codes across all countries • Because of the new regulation in Russia, most NNAs are improving the coverage of CFI codes. • Missing CFI codes for XS ISINs (Eurobonds) issued by Euroclear and Clearstream have been of particular concern. • Major improvements are expected by the end of June. • CFI Codes for US ADRs and GDRs. • This issue will be fully resolved by the end of May. • How do you know which NNA is reasonable for creating the CFI? • Look on www.anna-web.com • Under ANNA Members\Numbering Agencies

16. Contact details Darren Purcell Director, Securities Classifications Tel.: +44-20-7176-7445 Email: darren_purcell@standardandpoors.com

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