Thousands of companies yearly apply to Euroclear for an ISIN code, an international securities identification number. Euroclear allocated and issued ISIN codes that become with the suffix ‘XS’, which is considered an international ISIN securities identifier.
Most ISIN codes begins with two letters representing the country of domicile, such as “US” being designed for the United States or “HK” for Hong Kong. Euroclear’s ISIN code begins with XS, which is the symbol for international securities. With Clearsteam, Eurcolear issues ISINs for stocks and bonds and more.
International securities such as notes, mediym term notes, bonds and stocks are assigned a single XS-ISIN number by Clearstream Banking or Euroclear. This ISIN code is shared between both ICSDs via a common file platform. Increasingly, many of the world’s new issuers and market participants utilize one form an of an ISIN number as a means of security identification.