Since 30 June 2003, all securities traded on the Paris cash markets have been identified solely by their ISIN code (International Securities Identification Number). The ISIN code replaced the former Sicovam code and applies to all securities on the cash market including equities, bonds and structured products (warrants and trackers).
Each International Securities Identification Number is a combination of twelve alphanumeric characters, the first two identifying the country of issue (eg, FR for France). As a reminder, the Sicovam codes were made up of 5 or 6 digits.
The ISIN code system is an international standard on many financial markets including the Euronext markets, and facilitates the identification of securities, particularly in cross-border transactions, since ISIN assigns each security a single number used in all countries.
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