ISIN, Ticker, MIC and ICB

Upon admission of your debt or equity security the investor community must be able to identify your security.

For this we have created Trading symbols (tickers) and ISINS.

Trading symbols

The trading symbol (or Ticker) is a series of characters, often seen as an abbreviation/acronym, which represents a stock, option, mutual fund, or any other security that trades on an exchange. In the Euronext listing and trading environment, it is a serial of minimum two (2) to maximum five (5) characters (letters, figures and/or exceptionally mathematical signs) with no spaces or special symbols. A trading symbol allows securities to be conveniently listed on an exchange's overhead board and provides a useful reference for traders and investors.

For a company listed on a regulated market of Euronext, the trading symbol as reserved by Euronext is communicated to Thomson Reuters and Bloomberg ahead of new listing to get the same ticker symbol for the same issuer and/or security, which allows for consistent trading information.

For a company to be listed on Euronext there is no specific prefix requirement the company may choose any trading symbol that comprises two to five characters and that is not already used by an existing issuer/security.

ISIN code

The International Securities Identification Numbering (“ISIN”) system is an international standard set up by the International Organization for Standardization (“ISO”). It is used for numbering specific securities, such as stock, bonds, options and futures. ISIN numbers are administered by a National Numbering Agency (“NNA”) in each country, and work just like serial numbers for those securities.

ISIN codes are made of twelve (12) alphanumeric characters in total, and are structured to comprise the code for the country of incorporation, the specific security identification number and a final character acting as a check. The first two digits are reserved for the country of origin for the security (the head office of the issuing company) e.g. “NL” for the Netherlands, “BE” for Belgium, “FR” for France. The second grouping, which is nine characters long, is reserved for the actual unique identifying number for the security. The final digit, which is called a “check digit”, ensures the code's authenticity and is intended to prevent errors.

ISIN code is set by the competent Central Securities Depository. For issuers incorporated in France or in the Netherlands, ISIN codes are created and generated by Euroclear France and Euroclear Nederland respectively. For issuers incorporated in Portugal, ISIN codes are set by Interbolsa. For issuers incorporated in Belgium ISIN codes will be generated by Euronext Brussels (for listed securities) or Six Telekurs Belgium (for non-listed securities).

The ISIN code is part of the information to be communicated to the public and is included in the Corporate Event Notices (written communication issued by Euronext to Members or Issuers for the purpose of interpreting or implementing the Rule Book), disseminated by Euronext. It allows the public to identify trading securities line.

MIC Code

Many banks and brokers need to identify securities on various exchanges. For this they use a Market Identifier Code that has been composed following the ISO 10383 standards.

This International Standard specifies a universal method of identifying exchanges, trading platforms, regulated or non-regulated markets and trade reporting facilities as sources of prices and related information in order to facilitate automated processing.

A full list of all MIC’s and application forms are available via:

www.swift.com
www.iso15022.org

ICB classification

As investors sometimes invest following a sectorial approach we use ICB classifications to identify securities from the same sector.

The ICB (Industry Classification Benchmark) is an international sector classification standard developed by FTSE and Dow Jones.

It gives a detailed complete structure for sector analysis, thus facilitating comparisons between companies within sectors, sub-sectors and between countries. Investors can use it to identify securities according to the ICB hierarchy, broken down into ten industries, 19 super-sectors, 41 sectors and 114 sub-sectors.

The ICB classification meets the needs of investors who wish to have access to a system for classifying companies based on clear and transparent definitions of business sectors. This nomenclature keeps abreast of recent economic developments and makes it possible to classify businesses more accurately according to their business. It takes the creation of new industries and business sectors into account, especially in new technologies.

For every new issuing company to be listed on any market organised by Euronext, an ICB code is attributed.

Is it possible for a company to change its ICB classification?

If a company's business changes, as a result of new acquisitions or cessation of an activity, for example, Euronext can apply to ICB for a re-classification, either on its own initiative or at the company's request.