FULL FORM OF ISIN

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                ISIN stand for International Securities Identification Number. It is a unique code that is used to identify securities. The National Number Agency ( NHA) is responsible for allocating ISINs for all securities issued in the country. Since 2004 the ISIN code became extremely important when the European union mandated the use of the system for significant regulatory reporting needs.

FEATURES OF THE ISIN

           Those who are involved in the trading securities internationally have to use the ISIN numbering scheme. The United States and Canada uses the CUSIP numbering system that is similar to ISIN. The main features of the ISIN are as follows--

  1. The first two letters of the ISIN code refer to the country in which the issuing company is based out of.
  2. The nine digits identify specific security and act as a unique identifier.
  3. The final character also referred to as the 'check digit' checks forgery. 

ISIN IN INDIA

           In India issuing ISIN for various securities has been assigned by the Securities and Exchange Board of India to the National Securities Depository Limited. For the government securities,the allotment of the ISIN code is regulated by the Reserve Bank of India.

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FULL FORM OF NSCCL

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