BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The ISIN standard is used worldwide to identify specific securities such as bonds, stocks (common and preferred), futures, warrant, rights, trusts, commercial paper and options. ISIN stands for
A
Indian Securities Identification Number
B
International System Identification Number
C
International Securities Interface Number
D
International Securities Identification Number
Explanation: 

Detailed explanation-1: -ISIN is an abbreviation and stands for: International Securities Identification Number. The ISIN standard is used worldwide to identify specific securities such as bonds, stocks (common and preferred), futures, warrant, rights, trusts, commercial paper and options.

Detailed explanation-2: -An International Securities Identification Number (ISIN) is a 12-digit alphanumeric code that uniquely identifies a specific security. The organization that allocates ISINs in any particular country is the country’s respective National Numbering Agency (NNA).

Detailed explanation-3: -First two letters of the ISIN code refer to the country in which the issuing company is based. The next nine digits identify specific security and act as a unique identifier.

Detailed explanation-4: -ISIN is an acronym for International Securities Identification Number. ISIN numbers are the unique 12-digit numbers that are recognized by the International Standards Organization, located in Geneva, Switzerland, as security identifiers for cross-border securities transactions.

Detailed explanation-5: -An ISIN stands for international securities identification number and is a 12 digit code that assists in identifying securities such as debt securities like corporate bonds.

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