An International Securities Identification Number, or ISIN, is like a Social Security number for…well…securities. All internationally-traded securities should have their own unique 12-digit identifier; Microsoft’s ISIN, for example, is US5949181045. Facebook’s is US30303M1027.
We say “should” because, while ISINs aren’t absolutely 100% required, they’re a really good idea and are considered the international standard to follow. They’re helpful because they can tell us a little something about a particular security right off the bat. You’ll notice that Microsoft and Facebook’s ISINs both begin with “US.” Any guesses as to why that is? Yep...they’re both U.S.-based companies. Securities from other countries have different letters at the start of their ISINs. Australia-based securities, for example, begin with “AU.”
So...what’s the point? Well, like our own Social Security numbers, ISINs can help protect against fraud and other unlawful and shady uses. Also, if we’re looking at two securities and can’t tell which is which just based on the name, looking at their ISINs can clear up the confusion for us. How ISINs are created and used is defined by ISO 6616 (that’s an international standard), but it’s up to each country to actually come up with and assign ISINs to their own securities.
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Finance: What is a Routing Number?20 Views
finance a la shmoop what is a routing number of a routing number is so that
wired monies can you know like find their way home yeah think of them like [maze game]
the smell of worm to Canadian geese when you write a check or wire money or do [worms and Canadian geese]
almost anything financial these days the dough is given a kind of custom [card getting swiped]
electronic signature and basically a number a big fat one like this one yeah
and the numbers mean specific things like on a paper check the routing of the
dough you're paying to Lana sim for um you know services rendered comes in two [breakdown of a check]
pieces there's a nine digit routing number aka our TN aka routing transit
number which is here and that number is then mapped to your specific account
number which is here why did you need this number why do you need it at all
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$350 to Yamaka supply limited and you're about as Jewish as the Pope well you may [Pope Francis in the Vatican]
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account I'd like to be able to prove that you were not in fact the one who
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cash all right there we go much better yeah I am
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