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1、,SEDOL as a Unique Market Level Identifier,Thursday, 21 February 2019,Copyright London Stock Exchange plc,slide 2,The London Stock Exchange is the National Numbering Agency for the United Kingdom,Background,The Stock Exchange Daily Official List (SEDOL) code is the UK domestic instrument identifier,
2、SEDOLs are currently issued alongside ISINs for a wide range of instruments worldwide,Numerical SEDOLs will expire in the next few years,Thursday, 21 February 2019,Copyright London Stock Exchange plc,slide 3,No single global code that can be used for cross-border settlement,Reference Data Issues,No
3、comprehensive market level unique code for settlement and pricing purposes,No code issuance on request on a timely enough basis for new settlement timescales,Complex licensing and administration,Thursday, 21 February 2019,Copyright London Stock Exchange plc,slide 4,Solving the Problem- SEDOL Proposa
4、l,Issuance of 7 character alphanumeric SEDOL at the market level, linked to ISIN where available,24/7 web interface to request/search SEDOLs on a near real time basis with bulk update facility,Full instrument data downloads and changes files available intraday,SEDOLs allocated to listed equities/rig
5、hts and listed long term debt proactively and all other asset classes on request,Proactive data maintenance,Thursday, 21 February 2019,Copyright London Stock Exchange plc,slide 5,All existing SEDOL codes unaffected,Migration to the market level- new codes issued for some existing securities- Big Ban
6、g effect?,No conflict with existing alphanumeric numbering systems,No issuance of 9-series numbers retain dummy codes,Implementation,Thursday, 21 February 2019,Copyright London Stock Exchange plc,slide 6,Licensing Model,Licence required at business entity level for customers who hold SEDOL in a data
7、base for valuation, pricing and settlement purposes,No charge for using SEDOL in non-static data e.g. real time prices or online/display lookups of data,No charge for SEDOL allocation/search via the web browser if a licence is held,Global licence available if applicable,Thursday, 21 February 2019,Co
8、pyright London Stock Exchange plc,slide 7,“The industry cannot be ready for alphanumeric SEDOLs by Q3/4 2003”,What the sceptics say!,“Impossible to administer licences in a simple and effective way”,Annual flat fee?,Outsourcers Licences?,Vendor Reporting?,“LSE takes on the world” - can a market level SEDOL solve industry issues?,Business Entity Billing?,Contact for further information.,
