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Question
Explain the following term/concept.
ISIN
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Solution
ISIN is a code that uniquely identifies a specific securities issue. It is a standard numbering system which is accepted globally. In India, ISINs are assigned by SEBI to NSDL (for demated shares). For Government securities, allotment of ISIN is done by the RBI. ISIN consists of a 12 (Twelve) digit alpha-numeric code which is divided into three parts. The company has to apply for ISIN for its securities with documents like a prospectus.
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