Guatemalan Securities Receive ISIN and CFI Codes

The National Stock Exchange was designated to issue ISIN codes (Securities Identification Number) and CFI (Classification of Financial Instruments).

Monday, November 1, 2010

Notes and shares issued by local companies will now be visible for global investors after the country obtained an international identification code for securities.

So far, Guatemala had not been authorized to designate such codes, so Standard & Poors assigned the codes for securities in the country.

According to Leonel Díaz Cedeño in an article in Prensalibre.com, Rolando San Román, BVN general manager stated, "The benefit for companies is to consistently obtain longer term funding and, depending on results, the security could make more money to its investors,” said San Román.

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