· Role covers shares, Sukuk, bonds, derivatives and other products
Dubai - Nasdaq Dubai, the region's international stock exchange, has welcomed its designation as the sole National Numbering Agency (NNA) for financial instruments in the Dubai International Financial Centre (DIFC).
Under the designation, made by Dubai Financial Services Authority (DFSA), the exchange will
issue and maintain codes that uniquely identify all new instruments such as shares, Sukuk, bonds and derivatives that are issued in the DIFC jurisdiction.
Unmesh Kantak, Head of Market Operations and Risk at Nasdaq Dubai, said: "Nasdaq Dubai's new role as the NNA in the DIFC enables us to provide a reliable identification framework that supports smooth and efficient administration of instruments. We will continue to seek opportunities to enhance our infrastructure for the benefit of issuers, investors and other market participants."
The exchange will issue each new instrument with an International Securities Identification Number (ISIN) code, consisting of 12 letters and numbers, and an optional Classification of Financial Instruments (CFI) code, consisting of six letters.
About Nasdaq Dubai
Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).
The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).
© Press Release 2016