This notice provides an update to subscribers on the proposed change to ISIN structure advised in ASX Market Information Notices 43/13 and 01/14 released on 23 September 2013 and 13 January 2014 respectively.

The change will be implemented in Q1 2018, exact date to be advised in an ASX Market Information notice.

To recap, the following ASX Market Information products contain the ISIN data:

·         ReferencePoint Master List (CSV & Fixed Format)

E01 & E02:

o   SK – Security Details – Equity

o   SL – Security Details – Interest Rate & Convertible Notes

o   SM – Security Details – Company Options

o   SO – Security Details – Warrants and Structured Products

o   SP – Security Details – Exchange Traded Options

o   SQ – Security Details – ASX Futures

Cross Reference Files:

o   XRyymmdd.CSV

o   KRyymmdd.CSV

o   CRyymmdd.CSV

Austraclear ISIN file

o   OTC_ISIN_ddmmyy.xls

·         ReferencePoint Corporate Action (CSV & Fixed Format) – End of Day file (E34) and Intraday files (A31, A32, A33, A34)

Summary information update relating to the change:

o    There will be no change in the ISIN data field size (will remain as 12 digit alphanumeric).

o    The new ISIN structure will remove the ASX Code or market ticker contained within the ISIN and replace it with a unique basic number.

    The new algorithm will utilise a sequential 9 character number, starting at 1 (e.g. AU000000001N) to form the Basic Number with each new ISIN being generated in sequential order. N represents the existing check digit.

o    Pre-existing ISINs will remain unchanged/unaffected unless the Issuer understakes an Issuer Code change resulting in new market ticker codes post the implementation date.

o    The revised derivation will only apply to all new financial products and cash market deferred settlement codes associated with certain corporate actions on or after the implementation date.

o    New ISIN structure will apply to the following financial products:

§  ASX Cash Market Equity and Interest Rate Products

§  ASX Exchange Traded Options

§  CHESS Eligible Financial Products listed for Approved Market Operators (excluding financial products listed below)

o    Existing ISIN structure will continue to apply to the following financial products:

§  Warrants and Structured Products

§  mFund Products

§  Wholesale Debt Products – these are products defined as discount and fixed interest securities recorded in the ASX Austraclear system

ASX Market Information Products Test Files

ReferencePoint test files relating to ISIN structure change are now available per below list. Additional test files will be made available in the next three weeks.

Users can access the test files using below URL, generic User ID and Password:

https://www.asxonline.com/Marketinfo/Login

User ID                          referencepoint

Password                       Test8887          

Test files are located in the folder “Reference Data Test Files – Daily”.

Below are some details on ReferencePoint Corporate Action E34 and ReferencePoint Master List E02 test files.

1.     File Names/ASXOnline Folder Names  

E02             CSV                               E_02______20171003.CSV/RefPt ML E02_CSV_031017

                  Fixed Format                  E_02______20171003.MAG/RefPt ML E02_FIX_031017

E34             CSV                               E_34______20171003.CSV/RefPt CA E34_CSV_031017

                  Fixed Format                  E_34______20171003.MAG/RefPt CA E34_FIX_031017

2.     Data Content

a.     Test Case: Issuer Code Change from BPT (old code) to BP1 (new code)

b.     Test Messages:

                  i.     ReferencePoint Corporate Action E34

Corporate Action Type Code Value = CC for Code Change (column F)

                 ii.     Referencepoint Master List E02

BPT to BP1 test securities cases are contained in the following securities messages:

SK – Equities Securities Details

 New Codes Codes flagged with file Content Indicator = 3 (New Insertion/Add); New ISIN structure      displayed

SL – Interest Rate Securities & Convertible Notes Details

New Codes Codes flagged with file Content Indicator = 3 (New Insertion/Add); New ISIN structure displayed

SM – Company Options Securities Details

New Codes Codes flagged with file Content Indicator = 3 (New Insertion/Add); New ISIN structure displayed

SO – Warrants and Structured Products Securities Details

New Codes Codes flagged with file Content Indicator = 3(New Insertion/Add) ; ISIN as per existing structure (the new ISIN structure does not apply)

Note that the test files contain other records that are not part of the ISIN structure change. Product users should concentrate their testing only on those records indicated in item # 2 above.

Introduction of Financial Instrument Identifiers

Together with the change in the ISIN structure, ASX in its capacity as National Numbering Agency for Australia will commence allocation of the Classification of Financial Instrument (CFI) and Financial Instrument Short Name (FISN) identifiers to all financial products for which it allocates an ISIN (both existing and new format). CFI and FISN are financial instrument identifier standards developed by the International Organization for standardisation (ISO).

CFI and FISN data will be available for the following financial products:

o    ASX Cash Market Equity and Interest Rate Products

o    ASX Exchange Traded Options (ETO)

o    CHESS Elgible Financial Products listed for Approved Market Operators

o    Warrants and Structured Products

o    mFund Products

o    Wholesale Debt Products

Further, ASX in its capacity as National Numbering Agency intends to facilitate for ASX Issuers including Issuers of CHESS Eligible Financial Products listed for Approved Market Operators the provision of the Legal Entity Identifiers (LEI) on a voluntary basis.

The three new data fields CFI, FISN and LEI are intended to assist with international reporting regimes where these values are mandated.

ASX Market Information will make available via ASX Online new Financial Instrument Identifier files in csv format containing the new CFI, FISN and LEI identifiers (where available). There will be a weekly full list download file and a daily change or delta file. These new files do not form part of the ReferencePoint Master List suite of files but are independent files for subscription to interested parties. Further information relating to these new files will be made available in an ASX Market Information notice.

For details on the new files, refer to Notice 0963.17.09 titled International Securities Identification Numbers (ISIN) – Removing the ASX Code and the Implementation Brief documents.

Post the publication of the Brief Implementation document, contents of the new files have been expanded to include two (2) new data fields as follow:

·         First Active Date

·         Last Active Date

Availability of the Financial Instrument Identifier sample files will be advised in an ASX Market Information notice.

Upcoming Events

What do I need to do by when?

Impacted ASX Market Information products customers are requested to read through the information provided in this Notice and linked documents to determine the impact to their processes, if any, of the change to the ISIN structure. 

Customers are also requested to participate in testing the test files provided in preparation for the ISIN structure change implementation. Refer to the main section of this Notice for details of test files available for access. Additional test files will be provided in the next three weeks. 

Need more information?

Issued by

Edwina Glinoga, Product Manager - Information Services
+612 9227 0761
edwina.glinoga@asx.com.au]

Contact information

Customer Technical Support
1800 663 053
+612 9227 0372
CTS@asx.com.au

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