ANNA numbers the world Uwe Meyer – 02/11/06 - Overview, Mission and Objectives AMEDA-Meeting Dubai, U.A.E. November 4 & 5, 2006 Uwe Meyer – ANNA Secretariat

ANNA numbers the worldANNA numbers the world Uwe Meyer – 02/11/06

- Overview, Mission and Objectives

AMEDA-Meeting

Dubai, U.A.E.

November 4 & 5, 2006

Uwe Meyer – ANNA Secretariat


TopicsTopics

ANNA’s Mission Statement

History of ANNA

Membership – overview & criteria for numbering agencies

Documents governing ANNA members

ANNA Working Groups and Task Forces

Evolution of the ANNA Service Bureau

ANNA Service Bureau – Service Offering

ANNA in the 21st Century

ANNA’s Objectives


ANNA AbbreviationsANNA Abbreviations

ISIN – ISIN – International Securities Identification NumberInternational Securities Identification Number

CFI – CFI – Classification of Financial InstrumentsClassification of Financial Instruments

ASB – ASB – ANNA Service BureauANNA Service Bureau

NNA – NNA – National Numbering AgencyNational Numbering Agency

SNA – SNA – Substitute Numbering AgencySubstitute Numbering Agency

ISOISO – International Standards Organisation – International Standards Organisation


ANNA’ANNA’ss Mission Mission

ANNA (the "Association of National Numbering Agencies"), is fully committed to proactively promoting, implementing, maintaining and making available, standards for securities and related financial instruments, in a uniform and accurate structure for the benefit of the securities industry as a whole.

Registration and maintenance of international standards is organized according to rules and regulations set by ISO (International Organization for Standardization).


History of ANNAHistory of ANNA

Founded in 1992 under Belgian law

Association is governed by the “Articles of Incorporation”

To promote the use of ISINs as the standard method of uniquely identifying financial instruments

22 members who worked on the concept of standardising ISIN assignment methodology

ANNA was then appointed as Registration Authority and Maintenance Agency for ISO 6166 (ISIN)

1995 – ANNA appointed Maintenance Agency for ISO 10962(CFI – Classification of Financial Instruments)


Membership categoriesMembership categories

ANNA members: ANNA members: - Hold one share in ANNA with the right to vote at GMs- Hold one share in ANNA with the right to vote at GMs- Are subject to annual fees as agreed by the General - Are subject to annual fees as agreed by the General

MeetingMeeting- Potential members get assistance by ANNA in - Potential members get assistance by ANNA in

implementingimplementing ISIN in their countries ISIN in their countries- Have to supply their ISINs via the ANNA Service Bureau- Have to supply their ISINs via the ANNA Service Bureau

ANNA Partners:ANNA Partners:- Are not shareholders of ANNA (no voting right at GMs)- Are not shareholders of ANNA (no voting right at GMs)- Do not have to pay annual fees- Do not have to pay annual fees- Partners get assistance by ANNA in implementing ISIN and - Partners get assistance by ANNA in implementing ISIN and

in in support during daily ISIN business support during daily ISIN business- Have to supply ISINs to their Substitute Numbering Agency- Have to supply ISINs to their Substitute Numbering Agency


ANNA membershipANNA membership1992:1992: 22 Founding members 22 Founding members + 1 Bulgaria+ 1 Bulgaria

1993:1993: + 2 Mexico, Portugal + 2 Mexico, Portugal

1994:1994: + 10 Argentina, Brazil, Greece, Indonesia, Panama + 10 Argentina, Brazil, Greece, Indonesia, Panama Peru, Singapore, Slovakia, South Korea,Peru, Singapore, Slovakia, South Korea, ThailandThailand

1995: + 6 Costa-Rica, Estonia, India, Poland, Turkey,1995: + 6 Costa-Rica, Estonia, India, Poland, Turkey, VenezuelaVenezuela

1996:1996: + 4 Ireland, Sri Lanka, Hungary, Pakistan + 4 Ireland, Sri Lanka, Hungary, Pakistan

1997: + 6 Cyprus, Iran, Latvia, Malaysia, Romania,1997: + 6 Cyprus, Iran, Latvia, Malaysia, Romania, Taiwan Taiwan


1998:1998: + 3 Croatia, Egypt, Tunisia + 3 Croatia, Egypt, Tunisia

1999:1999: + 6 Israel, Philippines, Russia, Slovenia, + 6 Israel, Philippines, Russia, Slovenia, Ukraine, YugoslaviaUkraine, Yugoslavia

2000: + 1 Kuwait2000: + 1 Kuwait

2001:2001: + 1 Chile + 1 Chile

2002:2002: + 2 Iceland, Morocco + 2 Iceland, Morocco

2003:2003: + 1 Lebanon + 1 Lebanon

2004: + 1 Jordan 2004: + 1 Jordan

2005:2005: + + 11 China China

67 ANNA members as of Dec. 31, 2005 67 ANNA members as of Dec. 31, 2005


ANNA Partners ANNA Partners

AlgeriaAlgeria ** MacedoniaMacedonia **BangladeshBangladesh ** MauritiusMauritius **Botswana Botswana ** NicaraguaNicaragua **CameroonCameroon Swaziland Swaziland **Cape VerdeCape Verde TanzaniaTanzaniaEl SalvadorEl Salvador ** UEMOAUEMOAGhanaGhana ** Uganda Uganda **HondurasHonduras ** Zambia Zambia **KenyaKenya ** Zimbabwe Zimbabwe **LithuaniaLithuania **

* Hand-over process for ISIN numbering has been finalized* Hand-over process for ISIN numbering has been finalized


Membership Membership criteriacriteria Appointment of a single National Numbering Agency (NNA) by all Appointment of a single National Numbering Agency (NNA) by all

Supervising Authorities for the Financial MarketSupervising Authorities for the Financial Market

Coordination of hand-over process between NNA and SNA according Coordination of hand-over process between NNA and SNA according to determined criteria (national and international markets) :to determined criteria (national and international markets) :

- Regulatory frame e.g. National Numbering System; allocation of - Regulatory frame e.g. National Numbering System; allocation of ISINs for all types of Financial Instruments ISINs for all types of Financial Instruments

- Functional / operational and support requirements e.g. information - Functional / operational and support requirements e.g. information provision on new issues and corporate actions; documentation provision on new issues and corporate actions; documentation- IT-technical infrastructure- IT-technical infrastructure- Content provision: agreement on information profile - Content provision: agreement on information profile - Standardisation: implementation of existing and future international - Standardisation: implementation of existing and future international standards e.g. MIC; establishment of National Working Groups standards e.g. MIC; establishment of National Working Groups

NNA could then apply for ANNA membershipNNA could then apply for ANNA membership


Documents governing ANNAs Documents governing ANNAs membersmembers

(Rights & Obligations)(Rights & Obligations)ISO Standard 6166 (ISIN) and ISO 10962 (CFI)and Guidelines to both standards

ANNA´s Articles of Incorporation

Letter of Understanding (LoU)

ISIN Quality Management Concept


ANNAs Articles of IncorporationANNAs Articles of Incorporation

ANNAs objects and purposes e.g.ANNAs objects and purposes e.g.- Maintenance and promotion of ISO 6166- Maintenance and promotion of ISO 6166- Dissemination of ISINs to members and the industry- Dissemination of ISINs to members and the industry

Capital and sharesCapital and shares Membership e.g.Membership e.g.

- only National Numbering Agencies are eligible for membership- only National Numbering Agencies are eligible for membership- only one member per country- only one member per country

Administration Administration (e.g. Board of Directors, Committees etc.)(e.g. Board of Directors, Committees etc.) SupervisionSupervision General MeetingsGeneral Meetings


Letter of UnderstandingLetter of Understanding

Complements and specifies certain provisions of the Articles Complements and specifies certain provisions of the Articles Regulates relation between ANNA and its membersRegulates relation between ANNA and its members Adherence to ISO 6166 and guidelinesAdherence to ISO 6166 and guidelines

- Codification of all financial instruments - Codification of all financial instruments - If NNA could not codify a financial instrument, this should be - If NNA could not codify a financial instrument, this should be executed by SNA executed by SNA

Dissemination of data Dissemination of data - - ANNA may disseminate data of NNAs to members, vendors, ANNA may disseminate data of NNAs to members, vendors, endusers and other entities with whom necessary agreements endusers and other entities with whom necessary agreements have been concluded have been concluded

MembershipMembership- includes regulations in case of breaches of LoU- includes regulations in case of breaches of LoU


ISIN Quality ManagementISIN Quality Management

Quality Criteria:Quality Criteria:- - Timeliness (prior to first trading session; upon request Timeliness (prior to first trading session; upon request within 24 hours) within 24 hours)- Completeness (at least all mandatory fields of ISIN record)- Completeness (at least all mandatory fields of ISIN record)- Coverage (all existing instruments, notwithstanding listed or not;- Coverage (all existing instruments, notwithstanding listed or not; ISINs for traded securities should be allocated ISINs for traded securities should be allocated

automatically)automatically) NNA OperationsNNA Operations::

- Daily ISIN file transmission to ASB regardless content or not- Daily ISIN file transmission to ASB regardless content or not

Customer support:Customer support:- - First level support: Responsible NNAFirst level support: Responsible NNA- Second level support: ASB- Second level support: ASB


Characteristics ofCharacteristics ofWorking Groups / Task ForcesWorking Groups / Task Forces

Working Groups:Working Groups:PermanentPermanentOriented on strategical matters (e.g. new members)Oriented on strategical matters (e.g. new members)

Task Forces:Task Forces:TemporaryTemporaryShould present results to the General Meeting in a limited Should present results to the General Meeting in a limited

periodperiod


Working Groups (WG´s)Working Groups (WG´s)WG 1WG 1

Title of the WG: Assisting MarketsTitle of the WG: Assisting Markets Convener: U. Meyer, Wertpapier-Mitteilungen, GermanyConvener: U. Meyer, Wertpapier-Mitteilungen, Germany Members: Substitute Numbering Agencies (SNA´s)Members: Substitute Numbering Agencies (SNA´s) Scope:Scope:

Support of numbering agencies who are yet not ANNA members or Support of numbering agencies who are yet not ANNA members or Partners in implementing an ISIN numbering system in their countriesPartners in implementing an ISIN numbering system in their countries

Results:Results:Since its founding in 1992, 45 new numbering agencies have Since its founding in 1992, 45 new numbering agencies have multiplied number of ANNA members by 3. Nearly all of of them multiplied number of ANNA members by 3. Nearly all of of them (97%) have started ISIN allocation or are in the process of (97%) have started ISIN allocation or are in the process of implementing the ISIN shortly. implementing the ISIN shortly.



Title of the WG: ISIN Quality and GuidelinesTitle of the WG: ISIN Quality and Guidelines Convener: D. Ooghe, EuroclearConvener: D. Ooghe, Euroclear Scope:Scope:

- Maintenance and development of ISIN guidelines- Maintenance and development of ISIN guidelines- Development and maintenance of CFI guidelines.- Development and maintenance of CFI guidelines.- Solutions for individual ISIN allocation topics- Solutions for individual ISIN allocation topics

Results:Results:- WG has prepared updates on ISIN Guidelines. Version 9 has been- WG has prepared updates on ISIN Guidelines. Version 9 has been

prepared and will be voted at the upcoming EGM. In addition the prepared and will be voted at the upcoming EGM. In addition the WG has prepared CFI guidelines which are at present not subject for WG has prepared CFI guidelines which are at present not subject for

revision. revision.



Title of the WG: Emerging ANNA membersTitle of the WG: Emerging ANNA members

Convener: F. Kaya, Takasbank, TurkeyConvener: F. Kaya, Takasbank, Turkey

Scope:Scope:- Support of members who are representing emerging markets- Support of members who are representing emerging markets- Exchange ideas and discuss specific topics related to these markets - Exchange ideas and discuss specific topics related to these markets and make proposals to GM and make proposals to GM

Results:Results:- Working Group will be reestablished and will reconvene during the - Working Group will be reestablished and will reconvene during the next months. next months.


Evolution of the ANNA Service BureauEvolution of the ANNA Service Bureau

Initiated in Nov 2000 – launched in July 2001

Jointly operated by Telekurs Finanz and Standard & Poor’s on behalf of ANNA

Illustrated ANNA’s commitment to supporting the move towards Straight-Through-Processing

ASB acts as a central hub to receive and consolidate ISIN and CFI data from ANNA members and partners

ANNA – ASB relationship is governed by the “Service Level Licence Agreement”


Evolution of the ANNA Service BureauEvolution of the ANNA Service Bureau

Each NNA enters into an agreement with ANNA – A Letter of Understanding

outlines members responsibilities and tasks vis-à-vis the ANNA Service Bureau

As of 31 Oct, the ASB contained:

4,401,204 ISINs of which 3,002,018 are active

2,775,334 CFIs of which 1,596,778 are active


ANNA Service Bureau – service offeringANNA Service Bureau – service offering

The ASB provides the following benefits and features:

Fully supported , robust ISIN products and services in multiple media (database and web query tools) and frequencies (including daily);

Efficient worldwide customer and data quality support; Centralised administration; Redundant database storage and disaster recovery; Global, proactive technology and communication support


ANNA in the 21ANNA in the 21stst century century

Membership has increased by over 300% in 14 years

67 full member NNAs

full membership rights on all ANNA business

19 partner agencies (smaller NNAs in the process of establishing ISIN codification system)

no financial responsibility to ANNA, therefore no shareholder

required to assign and provide ISINs and CFIs to ANNA indirectly via a full member

Global ISIN coverage in excess of 200 countries

2 additional NNAs joining as full members at upcoming meeting



ANNA’ANNA’ss Objectives Objectives

Global Promotion of ISO standards under ANNA’s authority as the appointed Registration Authority

Assistance to members and partners Promote NNA involvement/participation Assistance in developing new standards Address areas where no ISIN coverage exists Enforce ANNA members’ rights and obligations Assistance to implement ISIN/CFI locally



Make information available

Ensure ISIN coverage by NNAs Ensure accurate application of standards according to

guidelines Ensure CFI allocation together with ISIN Make ISIN and CFI available to all markets and other NNAs Timely and accurate population of the ANNA Service Bureau



Quality

Ensure ISIN and CFI guidelines are followed by NNAs Continual monitoring of ASB datafeeds and identify areas of

improvement through statistical reporting Ensure continued focus by each ANNA member/partner on:

Accuracy Timeliness Coverage Cross Referencing



Proactive Maintenance of standards through work with the global financial industry

Regular review of ISIN and CFI guidelines Improve interaction/communication amongst NNAs and with

external ISIN/CFI users directly Ensure involvement in regulatory changes impacting ISIN and/or

CFI: Introduction of ISIN in Germany, Austria and France MiFID (EU) Giovannini Barriers SC4 ISO 6166 review


Further information available:

www.anna-web.com