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Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,slide,*,SEDOL as a Unique Market Level Identifier,14/11/2024,1,The London Stock Exchange is the National Numbering Agency for the United Kingdom,Background,The Stock Exchange Daily Official List(SEDOL)code is the UK domestic instrument identifier,SEDOLs,are currently issued alongside,ISINs,for a wide range of instruments worldwide,Numerical,SEDOLs,will expire in the next few years,14/11/2024,2,No single global code that can be used for cross-border settlement,Reference Data Issues,No comprehensive,market level,unique code for settlement and pricing purposes,No code issuance on request on a timely enough basis for new settlement timescales,Complex licensing and administration,14/11/2024,3,Solving the Problem-SEDOL Proposal,Issuance of 7 character alphanumeric SEDOL at the,market,level,linked to ISIN where available,24/7 web interface to request/search,SEDOLs,on a near real time basis with bulk update facility,Full instrument data downloads and changes files available,intraday,SEDOLs,allocated to listed equities/rights and listed long term debt proactively and all other asset classes on request,Proactive data maintenance,14/11/2024,4,All existing SEDOL codes unaffected,Migration to the market level-new codes issued for some existing securities-Big Bang effect?,No conflict with existing alphanumeric numbering systems,No issuance of 9-series numbers retain dummy codes,Implementation,14/11/2024,5,Licensing Model,Equities and Rights,Listed Long Term Debt,Other asset classes allocated on request,Licence Fee,tbc,tbc,tbc,Licence required at business entity level for customers who hold SEDOL in a database for valuation,pricing and settlement purposes,No charge for using SEDOL in non-static data e.g.real time prices or online/display lookups of data,No charge for SEDOL allocation/search via the web browser if a licence is held,Global licence available if applicable,14/11/2024,6,“The industry cannot be ready for alphanumeric SEDOLs by Q3/4 2003,What the sceptics say!,“Impossible to administer licences in a simple and effective way,Annual flat fee?,Outsourcers Licences?,Vendor Reporting?,“LSE takes on the world-can a market level SEDOL solve industry issues?,Business Entity Billing?,14/11/2024,7,Contact kmurraylondonstockexchange for further information.,14/11/2024,8,
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