FIGI 1.2b1 RTF Avatar
  1. OMG Issue

FIGI12 — Revise Composite Global Identifier description

  • Key: FIGI12-5
  • Status: closed  
  • Source: Bloomberg LP ( Mr. Richard C. Robinson)
  • Summary:

    • Composite Global Identifier: The Composite Global Identifier is itself a Global Identifier which is differentiated from a “normal” Global Identifier in that it serves as a parent in a hierarchy of individual Global Identifiers. For example, AAPL common stock, US Composite. The purpose of this “version” of the identifier is to group individual identifiers, as per above, into groupings such as at the country level. This is not, however, merely a grouping of financial instruments. Rather, a Composite Global Identifier can identify a unique financial instrument within the context of a country or the aggregate of a financial instrument not bound by jurisdiction and can be traded on multiple venues.

  • Reported: FIGI 1.1b1 — Mon, 26 Feb 2024 17:55 GMT
  • Disposition: Resolved — FIGI 1.2b1
  • Disposition Summary:

    6.1.1 Introduction add context to Composite Global Identifier

    4th paragraph on Composite Global Identifier should be revised to more accurately describe the aggregation functionality of the identifier.

    Paragraph originally reads;
    Composite Global Identifier: The Composite Global Identifier is itself a Global Identifier which is differentiated from a “normal” Global Identifier in that it serves as a parent in a hierarchy of individual Global Identifiers. For example, AAPL common stock, US Composite. The purpose of this “version” of the identifier is to group individual identifiers, as per above, into groupings such as at the country level. This is not, however, merely a grouping of financial instruments. Rather, a Composite Global Identifier can identifyies a unique financial instrument within the context of a country or the aggregate of a financial instrument not bound by jurisdiction and can be traded on multiple venues.

    to read as revised text

  • Updated: Fri, 20 Dec 2024 22:20 GMT