scope:

This International Standard is intended for use in any application in the trading and administration of securities
in international securities business. In so far as the trading and the administration of securities do not affect
other countries, the application of this International Standard remains at the discretion of the responsible
national bodies, such as stock exchanges, banks, brokers, and other institutions active in the securities field.
This International Standard defines and describes codes for an internationally valid system to classify financial
instruments. The classification system applies to financial instruments negotiated internationally as well as to
domestic instruments. The term 'financial instruments' refers not only to classical securities; it also covers the
innovative financial products that have recently emerged in different markets - a trend that is expected to
continue in the future.
In principle, the CFI code reflects characteristics that are defined when a financial instrument is issued and that
remain unchanged during its entire lifetime. However, a few events that may lead to a new CFI code for the
same instrument are anticipated, such as the changing of voting rights or ownership restrictions by a
stockholders' meeting.