The CFI (Classification of Financial Instruments) code has been developed to address a number of problems, which have concerned the financial community on the past years related to the growth of cross-border trading and the requirements to improve communication of information among market participants.
This code is not a replacement for the ISIN code but is used instead as a complement to identify the type and the form of the security facilitating the worldwide identification of securities.
The CFI code consists of 6 alphanumeric characters which identify the category and the group as well as several other attributes, as indicated in the table below:
Position | Description |
1 | Financial instrument category |
2 | Group |
3 | 1st attribute |
4 | 2nd attribute |
5 | 3rd attribute |
6 | 4th attribute |
Example of CFI Code
D | Y | F | U | X | R |
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