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AECSD. 4th Annual Conference. Bishkek Oct 18, 2007. Overview of ANNA and its’ Membership. Dan Kuhnel - Chairman. Overview ANNA Members ANNA Structure Working Groups/Task Forces Annual membership Benefits of membership Appendixes. Agenda. ISIN Standard was developed in the 1970’s
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AECSD 4th Annual Conference Bishkek Oct 18, 2007
Overview of ANNA and its’ Membership Dan Kuhnel - Chairman
Overview ANNA Members ANNA Structure Working Groups/Task Forces Annual membership Benefits of membership Appendixes Agenda
ISIN Standard was developed in the 1970’s ANNA formed from group of ISIN Experts ANNA founded in 1992 by 22 National Numbering Agencies ANNA <> ISO: interactive relationship 15 years of membership growth Formation of ASB as single ISIN database for all NNAs Registration Authority for ISIN, CFI and FISN Recent development: China assumes ISIN allocation functionality in their region (12 Oct) Overview
ANNA Members • Total full ANNA memberships (as of 30 Sept 2007): 73 National Numbering Agencies; • ANNA Partners (as of 30 Sept 2007): 19 organisations • ISIN coverage of 104 countries Overview of Membership by Business
ANNA Partners Algeria * Honduras Azerbaijan Kenya* Bangladesh * Mauritius * Botswana * Nicaragua Cameroon Swaziland * Cape Verde Tanzania Central Africa ** Uganda * El Salvador UEMOA ** Ghana * Zambia * Zimbabwe * * Hand-over process for ISIN numbering has been finalized ** Perform function on behalf of several countries
ANNA Structure ANNA PARTNERS ANNA MEMBERSHIP ANNA BOARD ASB BOARD ANNA SECRETARIAT WORKING GROUPS TASK FORCES
Set-up procedure ofWorking Groups (WG) / Task Forces (TF) ANNA Board Proposal Proposal • Task Force • Convenor • Members • Working Group • Convenor • Members Prepares proposal Appointment Appointment General Meeting
Reporting ofWorking Groups (WG) / Task Forces (TF) 1. Proposes 2. Initial Report ANNA Board WG /TF Convenor WG /TF 3. Agenda for meetings 2. Initial Report 4. Results of meetings General Meeting
Membership fees EUR 2,500 per full member NNA ANNA Board assess revenue and adjust annual fees accordingly Most industry associations require an annual membership ANNA fees are modest in comparison to other associations (e.g. SIIA/FISD, ICMA, ECSDA, ACSDA etc); Fees are levied irrespective of market size, number of ISINs generated or type of organisation; Fees are primarily used to cover administrative expenses incurred running the association; Board members travel and expenses are covered by individual organisations (except specific event representation). Annual Membership
Being recognised globally as a full ANNA member Presents the ability to participate in a truly global association; Presents opportunities to be involved in the development of international standards that will have a direct impact on your local market; ANNA members are actively involved not only in ISIN and ISIN related matters but also the development of CFI, FISN and IBEI – all important security identifiers for the future. Standards drive market efficiency, clearing and settlement and STP automation Over the last 10 years, ISIN has been adopted as the security identification standard for clearing and settlement in Europe; 73 current members share this vision. Benefits of Membership
The NNA’s local market will gain more visibility in a global environment; Due to agreements amongst all NNAs, each NNA will have unrestricted access to all other member ISINs and agreed data elements; Local market participants will have easier and faster access to the exchange of ISINs; Benefits of Membership
Possibility to share experience, knowledge and know-how among ANNA’s members which is achieved via Country Reports, Regional reports and Working Group reports; NNAs contribute to each other’s growth, development and improvements; Right to attend, vote and speak at Ordinary and Extraordinary General Meetings. Benefits of Membership
Benefits of Membership The ANNA Board members’ strongly believe in the merits and goals of ANNA as a truly global association. We constantly strive to produce value to the ANNA members through information sharing, promotion of the efforts of ANNA and apply the association’s missions, visions and values to all aspects of its operation.
Appendix A ANNA Mission Statement ANNA, (the “Association of National Numbering Agencies”), is fully committed to proactively promoting, implementing, maintaining and making available, standards for securities and related financial instruments, in a uniform and accurate structure for the benefit of their home markets and of the securities industry as a whole.
Appendix B ANNA Abbreviations ISIN – International Securities Identification Number ANNA – Association of National Numbering Agencies CFI – Classification of Financial Instruments ASB – ANNA Service Bureau Advisory Board NNA – National Numbering Agency FISN – Financial Instrument Short Name ISO – International Standards Organisation