Up until now, the only way for issuers of financial instruments to arrange the allocation of Swiss security identification numbers and ISINs was by sending an e-mail to SIX Telekurs. Though it was possible to make bulk reservations, the confirmation had to be entered manually and was sent back via e-mail.
This slowed down the process and required time-consuming manual interaction at both ends of the interface.
CONNEXOR® Numbering renders this process clearly more efficient:
- Issuers may arrange for the allocation of Swiss security identification numbers via an input panel or a proprietary web service interface directly on the Internet.
- The order is processed automatically and a confirmation is sent to the issuer.
- A maximum of 5,000 security identification numbers including ISINs can be reserved for allocation.
- The issuer may submit several allocation requests as long as the limit of 5,000 numbers is not exceeded.
- There is no time limit for using the security identification numbers provided.
- The issuer may opt to receive the numbers in either MS Excel or XML format.
- Only one order received from the applicants is processed at a specific point in time.
- A checklist displays the allocated numbers.
- Order information and the numbers allocated can be queried online.
The service is free of charge. However, issuers and applicants must be authorized to use the service and are contractually obliged to meet all the conditions attached to it.
Fact Sheet: