What are the CFI code benefits?
- The CFI code system provides a set of codes which can be used by all market participants in an electronic data processing environment and permits electronic communication between participants.
- The development of these codes will encourage market participants to take advantage of other ISO Standards, particularly ISINs to simplify the communication process among market participants.
- The improved understanding of the characteristics of financial instruments will lead to a better understanding by investors, giving them more confidence to make investment decisions and leading to more active markets and the resulting improvement in market liquidity.
FAQS Taxonomy