Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697752778754.pdf (Georgia)
სსტ ისო 10962:2021/2021 საქართველოს სტანდარტი სსკ: 03.060 ფასიანი ქაღალდები და მასთან დაკავშირებული ფინანსური ინსტრუმენტები- ფინანსური ინსტრუმენტების (CFI) კოდის კლასიფიკაცია .

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i l i w a n o i c a m r o f n i a s © სსიპ საქართველოს სტანდარტებისა და მეტროლოგიის ეროვნული სააგენტო 2021 სსტ ისო 10962:2021/2021 საინფორმაციო მონაცემები 1 მიღებულია და დაშვებულია სამოქმედოდ: სსიპ-საქართველოს სტანდარტებისა და მეტროლოგიის ეროვნული სააგენტოს გენერალური დირექტორის 17/06/2021 წლის № 37 განკარგულებით 2 მიღებულია „თავფურცლის“ თარგმნის მეთოდით: სტანდარტიზაციის საერთაშორისო ორგანიზაციის (ისო) სტანდარტი ისო 10962:2021 ,,ფასიანი ქაღალდები და მასთან დაკავშირებული ფინანსური ინსტრუმენტები-ფინანსური ინსტრუმენტების (CFI) კოდის კლასიფიკაცია“ 3 პირველად 4 რეგისტრირებულია: სსიპ-საქართველოს სტანდარტებისა და მეტროლოგიის ეროვნული სააგენტოს რეესტრში: 17/06/2021 წლის №268-1.3-020621 .
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i l i w a n o i c a m r o f n i a s წინამდებარე სტანდარტის ნებისმიერი ფორმით გავრცელება სააგენტოს ნებართვის გარეშე აკრძალულია .

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i l i w a n o i c a m r o f n i a s INTERNATIONAL STANDARD ISO 10962 Fifth edition 2021-05 Securities and related financial instruments — Classification of financial instruments (CFI) code Valeurs mobilières et autres instruments financiers concernés — Classification des instruments financiers (code CFI) Reference number ISO 10962:2021(E) © ISO 2021 ISO 10962:2021(E) .

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i l i w a n o i c a m r o f n i a s COPYRIGHT PROTECTED DOCUMENT © ISO 2021 All rights reserved.

Unless otherwise specified, or required in the context of its implementation, no part of this publication may be reproduced or utilized otherwise in any form or by any means, electronic or mechanical, including photocopying, or posting on the internet or an intranet, without prior written permission.
Permission can be requested from either ISO at the address below or ISO’s member body in the country of the requester.

ISO copyright office CP 401 • Ch.

de Blandonnet 8 CH-1214 Vernier, Geneva Phone: +41 22 749 01 11 Email: copyright@iso.org Website: www.iso.org Published in Switzerland ii © ISO 2021 – All rights reserved .

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i l i w a n o i c a m r o f n i a s Contents Foreword ISO 10962:2021(E) Page iv Introduction ........................................................................................................................................................................................................................................ v Scope .................................................................................................................................................................................................................................. 1 Normative references .................................................................................................................................................................................................................................
Terms and definitions ......................................................................................................................................................................................
Conventions and principles ..................................................................................................................................................................................... 1 1 2 ....................................................................................................................................................................... 4.1 4.2 4.3 4.4 CFI code allocation 4.5 General ........................................................................................................................................................................................................... 2 Category ........................................................................................................................................................................................................ 4 Group ............................................................................................................................................................................................................... 4 Attributes ..................................................................................................................................................................................................... 4 6 Semantic model of the external code list for the CFI .............................................................................................. 4 .............................................................................................................................................................................................. 5.1 Maintenance 5.2 General ........................................................................................................................................................................................................... 6 7 Existing CFI codes and existing financial instruments without a CFI code ........................................ 7 8 ..............................................................................................................................................................................................................
Classification examples Annex A Bibliography (informative) ......................................................................................................................................... 9 ................................................................................................................................................................................................................................ © ISO 2021 – All rights reserved iii .
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i l i w a n o i c a m r o f n i a s ISO 10962:2021(E) Foreword ISO (the International Organization for Standardization) is a worldwide federation of national standards bodies (ISO member bodies).

The work of preparing International Standards is normally carried out through ISO technical committees.
Each member body interested in a subject for which a technical committee has been established has the right to be represented on that committee.

International organizations, governmental and non-governmental, in liaison with ISO, also take part in the work.

ISO collaborates closely with the International Electrotechnical Commission (IEC) on all matters of electrotechnical standardization.
The procedures used to develop this document and those intended for its further maintenance are described in the ISO/IEC Directives, Part 1.

In particular, the different approval criteria needed for the different types of ISO documents should be noted.

This document was drafted in accordance with the editorial rules of the ISO/IEC Directives, Part 2 (see www .iso .org/ directives).

Attention is drawn to the possibility that some of the elements of this document may be the subject of patent rights.
ISO shall not be held responsible for identifying any or all such patent rights.

Details of any patent rights identified during the development of the document will be in the Introduction and/or on the ISO list of patent declarations received (see www .iso .org/ patents).

Any trade name used in this document is information given for the convenience of users and does not constitute an endorsement.
For an explanation of the voluntary nature of standards, the meaning of ISO specific terms and expressions related to conformity assessment, as well as information about ISO's adherence to the World Trade Organization (WTO) principles in the Technical Barriers to Trade (TBT), see www .iso .org/ iso/ foreword .html.

Reference data for financial services This document was prepared by Technical Committee ISO/TC 68, , Subcommittee SC 8, Financial services .
This fifth edition cancels and replaces the fourth edition (ISO 10962:2019), which has been technically revised.

The six-character hierarchical structure remains unchanged from the previous version.

The main changes to the previous edition are as follows: — The CFI code list has been removed from the specification and moved to an external code list.

— The structure of the CFI and content of the code list are captured in the form of a machine-readable semantical model of the code lists and their values.
It is important to understand that this is a semantic representation of the CFI hierarchical structure and not a canonical semantic classification of financial instruments, which is beyond the scope of this document.

— The CFI external code list is maintained and published by the ISO 10962 maintenance agency, which is responsible for managing the modification and enhancement of the code lists, their values and corresponding descriptions.
The maintenance agency is responsible for publishing the CFI code list.

The CFI external code list is published in a selection of human-readable and machine-readable data formats [e.g.

spreadsheet, PDF, comma-separated values (CSV), JSON-LD, TTL] at the discretion of the maintenance agency.

See https:// www .iso .org/ maintenance _agencies .html #81140.

Any feedback or questions on this document should be directed to the user’s national standards body.
A complete listing of these bodies can be found at www .iso .org/ members .html.

iv © ISO 2021 – All rights reserved .

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i l i w a n o i c a m r o f n i a s ISO 10962:2021(E) Introduction The classification of financial instruments (CFI) code was developed to address several problems that concerned the financial community.
With the growth of cross-border trading, the requirement to improve communication of information among market participants had become critical.

The business problems centred around an inability to obtain information on financial instruments due to the lack of a consistent and uniform approach to grouping financial instruments.

With the explosive growth over the previous 20 years in new instruments and features attached to financial instruments, a serious communication problem had developed.
Many market participants were using similar terminology for instruments having significantly different features.

This problem was compounded when market participants looked beyond their own national markets where they encountered the same words used to describe instruments with significantly different features.

Where the terminology was in a different language, market participants encountered additional problems of translation, which can also be misleading.
In addition, the customs and practices of local markets varied considerably in how they structured financial instruments, often leaving foreign participants perplexed.

On careful analysis, it was often found that the characteristics and features of these instruments were similar to domestic instruments.

However, most market participants did not have the time and resources to do this analysis.
The inability to group financial instruments in a consistent manner was another problem encountered by market participants.

Reports of holdings by different sources for similar financial instruments often resulted in those instruments being categorized differently.

This not only affected comparability but caused a credibility issue with the reader.

When relative performance is measured, the ability to properly categorize holdings is essential if true comparisons are to be made.
A twofold solution was developed to address these problems.

One was to establish a series of codes that classify financial instruments having similar features.

The other was to develop a glossary of terms and provide common definitions that allow market participants to easily understand the terminology being used.
The benefits derived are many: — The CFI code system provides a set of codes for financial instruments that can be used globally for straight-through processing by all involved participants in an electronic data processing environment.

For example, readers of portfolio holdings see reports from different sources using the same categories, groups and attributes, making the comparison of instruments more credible.
— The use of these codes increases the efficiency, reliability, data consistency and transparency of financial services transactions for both market and reference data.

Classifying financial instruments in a consistent, structured and standardized way is also beneficial for regulatory reporting requirements.

— The broadened scope and coverage of CFI codes encourages market participants to take advantage of other International Standards, particularly international securities identification numbers (ISINs).
— It is intended that the improved understanding of the characteristics and categorization leads to a better understanding of financial instruments.

This leads to more active markets and improved market liquidity.

In addition, these codes are displayed on websites using internet technology, which has allowed the growth of e-issuing, e-trading and e-settlements.
— The CFI code system can further serve as a basis for the classification of financial instruments for industry risk aggregation and regulatory reporting.

The International Organization for Standardization (ISO) draws attention to the fact that it is claimed that compliance with this document may involve the use of a patent.

ISO takes no position concerning the evidence, validity and scope of this patent right.
© ISO 2021 – All rights reserved v ISO 10962:2021(E) The holder of this patent right has assured ISO that he or she is willing to negotiate licences under reasonable and non-discriminatory terms and conditions with applicants throughout the world.

In this respect, the statement of the holder of this patent right is registered with ISO.

Information may be obtained from the patent database available at www .iso .org/ patents.
Attention is drawn to the possibility that some of the elements of this document may be the subject of patent rights other than those in the patent database.

ISO shall not be held responsible for identifying any or all such patent rights.

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i l i w a n o i c a m r o f n i a s vi © ISO 2021 – All rights reserved