The ISIN code replaces the SICOVAM code from June 2003 and is composed of 12 characters of which the first two signify the place where the shares are quoted. The codes are used to distinguish the different shares quoted on the stock market.
The International Securities Identification Number provides a uniform structure for a universal code in order to facilitate the identification of securities such as stocks or bonds. The structure of the ISIN code consists of 12 digit codes, containing the country code and the national securities code.
ISIN means International Securities Identification Number. It is a unique international code which identifies a securities issue.