The role of NNAs and ANNA ISINs and

The role of NNAs and ANNA: ISINs and CFI codes 27 th May, 2008 Moscow Darren Purcell Director, Securities Classifications Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s. © 2008 Standard & Poor’s, a division of The Mc. Graw-Hill Companies, Inc. All rights reserved.

National Numbering Agencies (NNA’s) Role of an NNA • Uniquely identifying issuers and issues of financial instruments within its jurisdiction • Creating and maintaining ISINs and CFI Codes • Disseminating data to the financial marketplace Example NNA’s • CUSIP Global Services (CGS) – US • National Depository Center (NDC)- RU • London Stock Exchange – GB • Clearstream/Euroclear – XS 2. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

What is CUSIP Global Services? • CUSIP Global Services is the overarching entity representing all CUSIP global identification services. CSB (CUSIP Service Bureau) is the day-to-day operating organization overseeing the creation and delivery of CUSIP-based identifiers to the financial services industry. • CSB is managed on behalf of the American Bankers Association by Standard & Poor’s. 3. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

About CUSIP Global Services • Covers more than 8 million unique individual financial instruments – Issued by corporations, municipalities and government agencies CSB’s Offering Today CUSIP Committee on Uniform Security Identification Procedures CINS The CUSIP International Numbering System CSB ISINs Participation in the assignment of CUSIP-based International Securities Identification Numbers 4. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

About CUSIP Global Services • Assigns CUSIP, CINS and CSB ISIN codes – The system for US, Canada, Cayman Islands, Bermuda and Jamaica – Responsibilities for Caribbean, and Central/South American Countries • Disseminates data to the industry – First source of new financial instrument information (pre-trade) – Up to 50 data elements per security – Standardized issuer and instrument descriptions – Real-time and electronic services § 1, 500 – 2, 000 new CUSIPs added daily; half assigned on one-hour basis • Has an operations staff with 250+ years cumulative experience – Team is located in North America, Europe and Asia 5. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

Asset Coverage General Interest Instrument Types Equity • • • 6. American Depositary Receipts Common Shares Exchange Traded Funds Indices Limited Partnerships Mutual Funds Preferred Shares Real Estate Investment Trusts Rights Unit Investment Trusts Warrants Debt • • • Asset Backed Securities Bankers Acceptances Certificates of Deposit Collateralized Debt Obligations Commercial Paper Corporate Bonds Medium Term Notes Mortgage Backed Securities Municipal Bonds Structured Products Syndicated Loans U. S. Federal Government Agencies • U. S. Treasuries: Bonds, Bills, Notes Other • • • Capital Securities (Hybrids) Credit Derivatives (CLIPS) Derivatives Equity Linked Notes (Hybrids) Restricted Issues: 144 A, Reg D and Reg S Private Securities • Trust Preferred (Hybrids) • Variable Annuities and other Insurance-related Products Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

ISO Standards – Financial Industry • ISIN Numbering Standard (ISO 6166) • Classification of Financial Instruments (CFI) Codes (ISO 10962) • Currency & Domicile Code Standards (ISO 3166, 4177) • Market Identification Codes (“MIC” – ISO 10383) • Data Dictionary (ISO 15022 - Syntax for messages) 7. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s. a

Global Securities Identification: A Standards-based Roadmap BP PLC ………. Common Shares ISIN…………………. MIC……………. CFI……………Currency GB 0007980591 ……XTKS…………. . ESVUFR……. . JPY GB 0007980591 ……XLON…………. . ESVUFR. . . …. . . GBP GB 0007980591 ……XFRA…………. . ESVUFR ……. . EUR 8. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

Classification of Financial Instruments (CFI) Codes (ISO 10962) • The CFI consists of six alphabetical characters: • The first character indicates the highest level of classification (categories). Equities (E), Debt instruments (D), Entitlements (Rights) (R), Options (O), Futures (F), Others/Miscellaneous (M) • The second character indicates specific groups within each category: – Groups e. g. for equities: § Shares Preferred shares Convertible preferred shares Units, i. e. unit trusts/mutual funds etc. Others • The third to sixth character indicate the most important attributes to each group: – Attributes e. g. for equities: § Voting right Ownership/transfer restrictions Payment status Form 9. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

Classification of Financial Instruments (CFI) Codes (ISO 10962) • Issue type: – Variable Rate Guaranteed Convertible Bond CFI code: • Category: • Group: • Attributes: 10. DCVGGR D = Debt C = Convertible bond V = Variable rate G = Guaranteed G = Redeemable R = Registered form Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

Association of National Numbering Agencies (ANNA) • 1992 Creation • Over 100 members and partners globally • Registration Authority for ISINs and CFI codes • Objectives: ISIN, CFI promotion & maintenance • The CFI reflects characteristics that are defined when a financial instrument is issued and remain unchanged during its entire lifetime. 11. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

ANNA Service Bureau (ASB): Overview • Standard & Poor’s, Telekurs and the Association of National Numbering Agencies (ANNA) created the ANNA Service Bureau in 2001. • ISIN-based feed sourced directly from national numbering agencies in one consolidated format. • ASB hub contains almost 7 million securities representing over 200 countries. • Subscription based web interface or ftp feed available. 12. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

ANNA Service Bureau Web Access 13. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

ANNA Service Bureau Web Access 14. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

Recent queries by Russian users • Complete coverage of CFI codes across all countries – Because of the new regulation in Russia, most NNAs are improving the coverage of CFI codes. • Missing CFI codes for XS ISINs (Eurobonds) issued by Euroclear and Clearstream have been of particular concern. – Major improvements are expected by the end of June. • CFI Codes for US ADRs and GDRs. – This issue will be fully resolved by the end of May. • How do you know which NNA is reasonable for creating the CFI? – Look on www. anna-web. com – Under ANNA MembersNumbering Agencies 15. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

Contact details Darren Purcell Director, Securities Classifications Tel. : +44 -20 -7176 -7445 Email: darren_purcell@standardandpoors. com 16. Permission to reprint or distribute any content from this presentation requires the prior written approval of Standard & Poor’s.

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