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An International Securities Identification Number (ISIN)
uniquely identifies a security. Its structure is defined in
ISO 6166. Securities for which ISINs are issued include
bonds, commercial paper, equities and warrants. The ISIN
code is a 12-character alpha-numerical code that does not
contain information characterizing financial instruments
but serves for uniform identification of a security at
trading and settlement.
Securities with which ISINs can be used include debt
securities, shares, options, derivatives and futures. The
ISIN identifies the security, not the exchange (if any) on
which it trades; it is not a ticker symbol. For instance,
Daimler AG stock trades through almost 30 trading platforms
and exchanges worldwide, and is priced in five different
currencies; it has the same ISIN on each, though not the
same ticker symbol. ISIN cannot specify a particular
trading location in this case, and another identifier,
typically MIC (Market Identification Code) or the three-
letter exchange code, will have to be specified in addition
to the ISIN.
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