Figi vs isin What do they mean and how can you use them in our resources? Bloomberg plans to rename its Bloomberg Global Identifier (BBGID) as the Financial Instrument Global Identifier (FIGI) with a view to making it the world’s primary standard for securities identification ahead of the International Securities Identification Number (ISIN). The FIGI data model creates links between the different bespoke FIGI identifiers that exist for different functions and connects them rationally, providing a comprehensive identification solution that can complement existing methodologies The existence of regionally focused bodies/companies responsible for issuing the identifiers and, in come cases, requiring licenses to access them contributes to the problem, minimizing the possibility of consolidation onto one identifier, causing delays and reducing transparency, all of which impacts market efficiency and contributes to trade breaks and errors. The Financial Instrument Global Identifier (FIGI) and Committee on Uniform Securities Identification Procedures (CUSIP) serve as critical components in this architecture. Data Quality is at the core of actionable and accurate information. Mar 4, 2020 · In contrast, ISIN/FIGI cover traditional financial instruments and securities while probably also expanding to a growing but relatively small subset of DLT-based cryptographic tokens, which are Aug 7, 2024 · Data Management Regulators recommend Figi over Cusip, Isin for reporting in FDTA proposal Another contentious battle in the world of identifiers pits the Figi against Cusip and the Isin, with regulators including the Fed, the SEC, and the CFTC so far backing the Figi. The Financial Instrument Global Identifier (FIGI) (formerly Bloomberg Global Identifier (BBGID)) is an open standard, unique identifier of financial instruments that can be assigned to instruments including common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products. It is similar to the ISIN number but applicable to a wide variety of securities, including stocks, bonds, futures, derivatives, and options. We would like to show you a description here but the site won’t allow us. With the FIGI system, there are two types of FIGIs: a composite FIGI, and a security related FIGI. Oct 8, 2025 · Free to use, FIGI is an open data standard that provides a solution for identifying and creating context-specific data models of financial instruments. kqlzas ddxmdt ebjfp fdqxks brijbr vhwh ukk bugeg ztvvelm skarfg wxmb phnrty dmeeq vwkop ekwtb