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Nasdaq CSD SE

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PROCEDURES FOR RECORDING OF SECURITIES IN BOOK-ENTRY FORM

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Effective Date:

18.09.2017

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1. Admission of Financial Instruments

Article 3 Book-entry form Without prejudice to paragraph 2, any issuer established in the Union that issues or has issued transferable securities which are admitted to trading or traded on trading venues, shall arrange for such securities to be represented in book- entry form as immobilisation or subsequent to a direct issuance in dematerialised form. 2. Where a transaction in transferable securities takes place on a trading venue the relevant securities shall be recorded in book-entry form in a CSD on or before the intended settlement date, unless they have already been so recorded. Where transferable securities are transferred following a financial collateral arrangement as defined in point (a) of Article 2(1) of Directive 2002/47/EC, those securities shall be recorded in book-entry form in a CSD on or before the intended settlement date, unless they have already been so recorded. ANNEX LIST OF SERVICES SECTION A Core services of central securities depositories Initial recording of securities in a book-entry system (‘notary service’)

The Nasdaq CSD (hereinafter “the Depository”) provides notary services provided that securities for which admission is requested comply with the admission criteria and other provisions of the Rules of Nasdaq CSD (hereinafter “the Rules). In the capacity of a member of Association of National Numbering Agencies (ANNA), the Depository assigns ISIN and classification of financial

instrument (CFI) codes to the securities initially registered with any Securities Settlement System (SSS). The Depository under authorization by ANNA allocates ISIN codes also to financial instruments issued in Latvia, Estonia and Lithuania which are initially registered with other central securities depository (hereinafter “the CSD”).

As a general rule, the Depository admits securities to the “home” Settlement System for the respective Issuer:

Shares of companies registered in Estonia and other securities constituted under Estonian law are admitted to Estonian Settlement System;

Shares of companies registered in Latvia and other securities constituted under Latvian law are admitted to Latvian Settlement System;

Shares of companies registered in Lithuania and other securities constituted under Lithuanian law are admitted to Lithuanian Settlement System.

Notwithstanding the above, the Depository may admit securities of a foreign Issuer (i.e. issuer that is incorporated in the different jurisdiction from the jurisdiction of Settlement Systems where initial recording of securities is applied for) wishing to exercise the freedom of issue to any Settlement System provided that the Issuer complies with the admission requirements and the Depository complies with Articles 23(3) (e) and 49 of the CSDR.

The Depository maintains all securities in all Securities Settlement Systems in dematerialised form.

All transfers of securities in all Securities Settlement Systems are executed in book entry form only.

The Depository records securities in any Securities Settlement System in book entry form subsequent to direct issuance in dematerialised form in accordance with:

Article 3 of CSDR (applies to all SSS;

The Law of Obligations Act of Estonia (applies to Estonian Settlement System);

The Financial Instrument Market Law of Latvia and the Commercial Law of Latvia (applies to Latvian Settlement System);

The Law on Companies of Lithuania and the Law on Markets in Financial Instruments of Lithuania (applies to Lithuanian Settlement System);

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The Nasdaq CSD Rules.

The Depository shall provide initial recording of securities if they comply with the following general admission criteria and other provisions of the Rules:

All securities of the same issue are in dematerialized form;

All securities of the same issue are transferable;

All securities of the same issue are fungible.

The Issuer or the Issuer Agent has to submit to the Depository standard application form that the Depository needs to consider at the latest within three months. The application forms for each SSS operated by the Depository and detailed application procedures are described in the Depository Rules and in the Procedures for dealing with Access Requests.

2. Registration of Financial Instruments in the Depository System

Article 3 Book-entry form Where a transaction in transferable securities takes place on a trading venue the relevant securities shall be recorded in book-entry form in a CSD on or before the intended settlement date, unless they have already been so recorded. Where transferable securities are transferred following a financial collateral arrangement as defined in point (a) of Article 2(1) of Directive 2002/47/EC, those securities shall be recorded in book-entry form in a CSD on or before the intended settlement date, unless they have already been so recorded.

Following the Depository Management Board decision to register securities with the Depository the securities will be initially recorded through the respective unit of the Depository and admitted to the relevant SSS. The Depository records securities issues in the book-entry form and allocates an International Securities Identification Number (ISIN) to each securities issue.

Recording of securities in the Depository system will be performed by the Operations Department that is responsible for creation of the instruments based on the information provided in the application form.

2.1 Registration of the issuer

Prior to registration of the instruments its issuer needs to be registered in the Depository system unless it has been registered already.

Attributes specific to issuers in the Depository system:

Organization name (in local and English languages);

Short name (in local and English languages);

Organization status – legal status (liquidated, insolvent), date of incorporation;

Legal form – see Table 1;

Identifiers – LEI, BIC;

Country of registration;

Industry classification – NACE, GICS;

Capital – issued, declared;

Contact details – address, e-mail, phone number, contact name and position; website;

Tax details – tax residence, taxpayer identifier

Table 1. Issuers’ legal forms

Display Code Long Name

Estonian

AS Aktsiaselts

OÜ Osaühing

MU MUU

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SE Societas Europaea

Latvian

AS Akciju sabiedrība

SIA Sabiedrība ar ierobežotu atbildību


Lithuanian

AB Akcinė bendrovė

UAB Uždaroji akcinė bendrovė


When the issuer is registered in the Depository system then the financial instruments issued by this isuer can be registered as well.

2.2 Registration of financial instruments

It is possible to register various types of financial instruments in the Depository system. The instrument type is represented by the following instrument attributes:

Asset class value from asset class classifiers defined in the system;

Classification of financial instrument (CFI code).

Asset class values are defined according to the ISO 10962 standard.

Financial instruments are primarily classified by the CFI code, but in certain cases other additional classification can be used (for description see Annex 1 Part 1 Proprietary type of instrument). Asset class classifier values in the system must be linked to the first two levels of CFI specification. CFI code must be also be displayed in extended form where the value of each CFI position is extended to its human readable description as defined in ISO 10962 (e.g., as “Equities; Shares (common/ordinary); Voting; Unrestricted; Fully paid; Registered”).

Common instrument attributes for all asset classes and asset class specific attributes are provided in Annex 1. Asset Class Specific Attributes.

The Depository participants are able to view static data of the financial instruments registered in the Depository via the CSD system’s GUI or by requesting a corresponding report (Proprietary Securities Reference Data Message) in A2A mode (using the agreed format of Proprietary Securities Reference Data Query Message).

All financial instruments registered or maintained in the Depository are divided into two types of financial instruments:

Financial instruments that are maintained and settled in T2S, i.e. T2S eligible securities;

Financial instruments that are maintained and settled in the CSD system, i.e. non T2S-eligible securities.

Whether the instrument is T2S eligible or not determines the process flows of various events that involve the financial instruments. Each financial instrument contains a flag in its static data indicating whether the instrument is a T2S eligible instrument or not.

For each T2S eligible financial instrument, there is a single depository which is in charge of creating and maintaining the data for that instrument in T2S by taking the role of Securities Maintaining Entity (SME). The Depository is the SME for all financial instruments that are registered with the Depository as Issuer CSD and are eligible for settlement in T2S. At the time of registration, T2S eligible securities are first registered in the Depository system and then replicated in T2S as part of the financial instrument registration process.

Only active T2S eligible securities are migrated to T2S and made available for settlement.

Financial instruments that cannot be transferred and settled in T2S (i.e. non-T2S eligible instrument) are registered, maintained, and settled only in the CSD system; such financial instruments are:

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Estonian III pillar pension fund units, until those are moved to Estonian Pension Information System EPIS;

Lithuanian Government Saving Notes.

2.3 ISIN Codes Allocation

In the capacity of a member of ANNA, the Depository assigns ISIN and classification of financial instrument (CFI) codes and other necessary specifications to the securities initially registered in Latvia, Estonia and Lithuania through its headquarters or respective branches on reasonable commercial terms and on a non-discriminatory basis.

The Depository exercises the right to allocate ISIN and CFI codes:

in Latvia through the head office of Nasdaq CSD SE;

in Estonia through Estonian branch of Nasdaq CSD SE;

in Lithuania through Lithuanian branch of Nasdaq CSD SE.

ISIN codes are assigned according to ISO 6166 and ANNA guidelines.

Technically, securities can only be issued when an ISIN code has been allocated by the system, after an instrument has been registered. The Operations Department will process the ISIN code allocation in the system taking into account country and instrument specific ISIN code sequences provided in Annex 2.

For securities issuance of a reserved ISIN code, instrument attributes must have been confirmed for the reserved ISIN code, after which Issuance in that ISIN code can take place.

In order to get an ISIN code for its financial instruments, the issuer or its representative shall submit to the Depository a standard application form that contains information requested by ANNA (Annex 3).

Considering requested proceeding, the Depository shall pass a decision regarding the allocation of ISIN within 1 or 5 business days after the placement of the standard application form and documents specified therein. In case the decision is favorable, the Depository shall inform in writing about the allocation of the ISIN code (specifying the allocated ISIN code and the date of allocation).

The Depository shall include each allocated ISIN code into its managed and administered database. The ISIN code shall be allocated for a financial instrument together with the CFI code prepared in accordance with the standard ISO 10962.

The Depository shall publicly announce information about the allocated ISIN codes on its web site. The Depository shall make it possible for the web site users to search for ISIN codes.

The Depository shall provide information on the allocated ISIN and CFI codes to ANNA, which shall include the above-mentioned information in the general data base of the National numbering agencies.

In order to guarantee fairness of the use of ISIN codes, the Depository, at a set periodicity shall reconcile the information held in its own database about the subjects, to which ISIN codes have been allocated, with the information provided by state registers or other suppliers of information.

The terms and conditions for the use of ISIN codes:

The issuer, to whose securities ISIN code has been allocated, must use the ISIN code to the extent and in the manner prescribed by these terms, the Rules and other legal acts;

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The issuer shall be entitled to use the granted ISIN code in its internal accounting of financial instruments, financial reports, as well as inform the public about granting the ISIN code;

The issuer has the right to decline the allocated ISIN code by notifying the Depository in advance. The Depository shall make a decision on cancellation of ISIN code within 5 business days from a day when the Issuer has submitted a request on cancellation of ISIN code. This information must be announced by the Depository publicly;

In the event that the issuance account for the financial instruments issued by the issuer are closed at the Depository, the issuer forfeits the right to use the ISIN code anymore;

In case the issuer has cancelled its ISIN code or has forfeited the right to use the allocated code in accordance with the procedure laid down above, it shall have no right to use the code assigned to it in any way, including but not limited to the use of the ISIN code for its own purposes, in its own securities accounting, public announcement of the code, any references of the code in public reports, in documents, etc.

The Price List of the Depository lays down the service fees for allocation of ISIN codes and is publicly available on the web site of the Depository.

2.4 ISIN code or series of ISIN codes allocation in advance of the actual issuance

The Depository under authorization by ANNA allocates ISIN for financial instruments issued in Latvia, Estonia, and Lithuania which are initially registered with other CSD in advance of the actual issuance. The Depository shall allocate ISIN code or series of ISIN codes on reasonable commercial terms, fair and non-discriminatory basis to all applying CSDs and shall provide equality of treatment in the enforcement and application of the procedures.

In order to get an ISIN code or series of ISIN codes for the financial instruments in advance of the actual issuance, the CSD or its representative shall submit to the Depository a standard application form that contains information requested by ANNA (Annex 3). The Depository shall publicly announce information about the allocation procedure of ISIN codes or series of ISIN codes on its web site.

Other aspects of the allocation of the ISIN code or series of ISIN codes to the financial instruments issued in Latvia, Estonia and Lithuania which are initially registered with other CSD shall be regulated mutatis mutandis by paragraph 2.3.

Notwithstanding the above, the CSD or its representative shall inform the Depository in writing about the allocation of the ISIN code for the financial instruments after the actual issuance specifying information requested by ANNA (Annex 3). These information shall be provided immediately, but not later than next business day after the allocation of ISIN code for the financial instruments registered within the CSD.

3. Issuance Process in the Depository System

Upon registration of securities the Depository opens the following technical accounts:

Issuance account - a securities account that is used for the issuance of securities of the same ISIN. The aggregate balance of issuance accounts (i.e. multiple ISINs) may be reflected in the Operational Issuance Account opened in the name of the Depository;

Distribution account - a securities account that is registered in the name of the Issuer Agent and is used for distribution of securities of the same ISIN during the initial issuance or initial offering of securities. The aggregate balance of distribution accounts (i.e. multiple ISINs) is reflected in the Operational Distribution Account opened in the name of the Issuer Agent.

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Definitions of participant roles and accounts:

Issuer CSD: A CSD in which securities are issued (or immobilised). The issuer CSD opens accounts allowing investors (in a direct holding system) and/or intermediaries (including investor CSDs) to hold these securities;

Issuer: A legal entity, typically a corporation or government, that creates, registers and sells securities for the purpose of financing its operations. Issuers are legally responsible for the obligations of the issue and for reporting financial conditions, material developments and any other operational activities (e.g. announcements, corporate action) as required by the regulations of their jurisdictions. Issuer refers to a party who is registered in CSD system as an issuer;

Issuer Agent: An account operator authorised by the CSD who will connect to the CSD to undertake additional functions and services in addition to the functions and services of the account operator role. The scope of functions and services of the Issuer agent varies in each market;

Fund Administrator: The fund administrator supports the post trade processes of collective investment schemes;

Issuance Account: A technical Securities Account needed for double book-entry postings. The issuance of an instrument will debit this account, whilst the withdrawal will credit this account. This account must never be with positive balance;

Distribution Account: A technical Securities Account used to distribute new issues. This account type will only have holdings during the period of an Issuance;

Securities Account: Securities Accounts are accounts held at a depository into which securities are deposited and against which security transactions can be made. Securities accounts record details of financial assets held or owned by a person or any organization.

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Figure 1. Securities Issuance Process

Issuance is executed by using Depository generated settlement instructions in the following manner:

Issuance Account is debited and a Distribution Account or a Securities Account is credited; this depends on how Issuance is triggered;

Distribution Account is credited when securities are issued from Issuance Account to Distribution Account;

Distribution Account is debited when securities are distributed from Distribution Account to a Securities Account;

The transaction type on settlement instruction is always Issuance;

The generation of settlement instruction on Distribution Account is notified via generation notification message.

3.1 Instrument name allocation process

An instrument registered in the Depository system must have a long name and a short name presented in local language and English language.

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Instrument Long name 3.1.1.

Generally the instrument long name adheres to ANNA requirements. The system can automatically provide the beginning of long name by prepending issuer's (if available) local name and then a placeholder to input security name.

Instrument Short Name 3.1.2.

The financial instrument short name – FISN – incorporates the issuer short name and the abbreviated characteristics of the instrument. The instrument short name is composed according to the ISO 18773 standard.

3.2 Standard Issuance Method

The standard method of issuance is to debit the Issuance Account and credit the Distribution Account for the full issuance volume. The following attributes need to be entered in connection with the standard method of issuance:

ISIN;

SSS;

Distribution Account;

Settlement Date;

Volume to issue;

The Issuance Account is maintained by the Depository and transfers to the Distribution Account are made by the Depository Operations Department.

3.2.1 Transfer from the Distribution Account to the Securities Account

Upon distribution securities are transferred from the Distribution Account to relevant securities accounts. From that moment securities become fully transferable either for trading or collateral. The standard settlement process is applied for this transfer:

The Depository can insert two instructions which will match and execute transfer securities from Distribution Account;

The Issuer Agent can transfer securities from Distribution Account. This is being done by Issuer Agent entering settlement instruction to deliver from Distribution Account and participant entering settlement instruction to receive the securities;

Settlement instructions to transfer securities from Distribution Account to a Securities account can be with payment, DVP, or without payment, FOP;

The transaction type can be provided in the settlement instruction. Transaction type can be for example Trade, Securities Transfer, Subscription.

3.2.2 Cancellation: Transfer from Distribution Account to Issuance Account

In exceptional cases, part of an Issuance must be cancelled by debiting the Distribution Account and crediting the Issuance Account. The cancellation is a way of finalizing an Issuance process when all issued securities cannot be placed outside the Distribution Account.

The Operations Department of the Depository will create settlement instructions to move securities from the Distribution Account to the Issuance Account:

The Operations Department of the Depository is taking initiative to this action and can cancel securities manually;

The purpose is to remove redundant securities that will not be distributed and that should not be part of total volume;

The settlement instructions are without payment;

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The Operations Department of the Depository will follow a 4-eye control process to credit the Issuance Account when one specialist will enter the settlement instruction and the other specialist will approve it.

The Issuance Account is credited if instruments are cancelled. Issuance of Fund Units Specifics

Open-ended fund units are issued within a subscription process. The Fund Administrator can process subscription of open-ended fund units by registering a settlement instruction, to be matched with receiving counterparty’s instruction. This action triggers issuance/distribution of open-ended fund units.The Distribution Account is not needed for the issuance of the open-ended fund units. Fund administrators role in the issueance process:

A Fund Administrator has to be an Account Operator and be able to send settlement instructions;

The Fund Administrator is authorized to instruct debit and credit of Issuance Account for open-ended fund units. In addition, the Issuer CSD of the fund units can issue/distribute open-ended fund units.

Issuance Accounts are opened by the Depository in the name of the Fund Administrator. An Issuance Account can be opened and used for:

o One Fund company (=Issuer of fund units); o More than one Fund company (=Issuer of fund units); o One or more instrument (=fund unit).

Figure 2. Issuance of Open-end Fund Units

4. Issuance of LT Savings Notes

For each new issue of the savings notes the issuer communicates to the Depository all required information. This information is sent via the standardized workflow described in the Depository Corporate action service description.

Initial recording of securities is done based on the documents submitted to the Depository by the issuer. The Depository enters securities reference data and create a corporate action event based on the issuer information (for example, for scheduled event like interest payment, redemption at maturity).

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Savings Notes distribution process is described indocument named the Processing of Lithuanian Government Savings Notes.

5. Reporting Obligations

The Depository has the following reporting obligations towards ANNA about ISINs:

The Depository must daily report to ANNA all changes in instruments issued in the Depository;

The Depository must yearly report to ANNA all ISINs allocated by the Depository.

ANNA reporting must follow requirements set in document “ANNA Service Bureau - Record Structure Changes”.

The Depository must make availabe the following data about the instruments registered with the Depository:

Reference data related to issuers and instruments issued by an issuer must be available as reports that can be subscribed to be received periodically via (proprietary) messaging;

A full report containing all active issuers’ and instruments’ reference data for which the CSD is the issuer CSD and as a delta report containing data of issuers and instruments – for which the Depository is the issuer CSD – that were created or modified during reporting period must eb available.

The proprietary messages used for reference data reporting by CSDs:

ProprietarySecuritiesReferenceData (outbound);

ProprietarySecuritiesReferenceDataQueryStatusAdvice (outbound).

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Annex 1. Asset Class Specific Attributes

1. Common instrument attributes for all asset classes

Attribute Name Presence local Presence foreign Amend Description

Instrument Type

Asset class Mand If provided by Issuer CSD

N An asset class defined in the system associated to the instrument.

CFI code Mand If provided by Issuer CSD

Y Classification type of the financial instrument, assigned according to ISO 10962 standard (Classification of Financial Instruments (CFI)).

Fixed length: 6.

Proprietary type of instrument

Opt If provided by Issuer CSD

Y Proprietary type of security.

CSD-specific classifier: 101 – Money market instruments debt securities, 102 – Bonds government debt securities, 103 – Money market instrument government Saving Notes, 109 – non-public companies securities

ISIN Reservation

Flag for ISIN reservation Mand N/A N Indicator if the instrument has been fully set up in the system or used for ISIN reservation only. The value of this attribute is set by the system according to executed user function (instrument creation or ISIN reservation).

Defaults to No.

Instrument Identification

ISIN code Mand Mand Y International Securities Identification Number assigned according to ISO standard 6166.

Fixed length: 12.

Additional identifiers Opt, repeating Opt, repeating Y A list of additional identifiers with a specific type and identifier value.

Additional identifiers could be, for example, national identifiers like CUSIP (unique identification number assigned to all stocks and binds in th US and Cabnada) or price feed.

Instrument Name Mand, repeating

If provided by Issuer CSD

Name of instrument can be entered for several different languages.

Typically names in English and local language in residence country of issuer are specified.

Language Mand If provided by Issuer CSD

N Language in which the name is specified. Note for implementation: Does not have to be user-entered, i.e. could be fixed in GUI.

2-letter language code (ISO 639-1) or a pseudo-language like “local”.

Long name Mand If provided by Issuer CSD

Y Long name of the instrument in specified language.

Max length: 100.

Short name Mand If provided by Issuer CSD

Y Short name of the instrument in specified language.

Max length: 35.

Issuance

(Technical) Issuer CSD Mand Mand N CSD where the instrument is issued.

Issuer CSD is the CSD itself for locally issued instruments and a linked issuer CSD for cross-CSD instruments.

Issuer Mand Opt N Link to issuer’s data in the system.

Country of issuance Mand Mand N Any country code according to ISO 3166 standard.

Issue date Mand Opt Date value.

Registration date Mand If provided by Issuer CSD

The date when the instrument data was set up in the CSD.

Date value.

Expiration date Opt Opt The date when all securities positions are closed in CSD. The expiration date could be different from maturity date. Settlement instructions for this security are not valid on and after this date. Corporate action transactions are valid on this date, but not after this date.

Date value.

Intermediary instrument Opt Opt N Flag to specify that the instrument is temporary or a vehicle used only for processing a corporate action.

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Issue (Denomination) currency

Cond Cond The issue currency of a security in the system using the ISO 4217 standard; or any allowed special value.

All currencies are valid. Additionally the following special values are allowed: “MCU” (multicurrency); “PTX” (points).

Optional for following asset class families: “Referential instruments (T)”, “Other (M)”.

Mandatory otherwise.

Nominal/Face value Opt Opt Par value of the security.

Decimal number.

Calculated issued capital - - N The value of this attribute cannot be entered by users, it is calculated by the system. Calculated only if “Flag for securities without nominal value” is off and instrument is issued by the local CSD. If “Flag for securities without nominal value” is Yes then this attribute displays value of “Issued capital” entered by users.

Decimal number.

Flag for securities without nominal value

Mand Mand Indicator if the instrument has a specified fixed nominal value or not. The value must be Yes if Issuer of instrument is defined in the system and the flag “NPV” is set to Yes in Issuer’s data and instrument’s flag “Counted in issuer’s capital” is set to Yes.

Defaults to No.

Calculated nominal value - - N The value of this attribute cannot be entered by users, it is calculated by the system. Calculated only if “Issued capital” is entered for instrument and “Flag for securities without nominal value” is Yes.

The value is “Issued capital” of instrument divided by “Issued quantity”.

Decimal number, up to 8 decimal places.

Issued capital Cond Cond Y The total issued capital for this instrument, entered by users. The value is optional when “Flag for securities without nominal value” is Yes. The value is N/A otherwise. The value is also N/A if Issuer of instrument is defined in the system and there is “Declared Capital” entered in Issuer’s data.

Decimal number.

Issued quantity - - N The value of this attribute cannot be entered by users, it is calculated by the system.

The total quantity on issue for the instrument.

Decimal number.

Total allowed quantity Opt Opt Y Maximum quantity that is allowed to be issued in the instrument.

Decimal number.

Open ended fund Opt Opt Y Indicator if the issued quantity is flexible (i.e. open ended funds).

Defaults to false.

Counted in issuer’s capital Opt N/A N Flag that specifies whether this instrument's total issued capital is summed to total issued capital of issuer.

Can not have a default value, must be a choice made by user.

Issuance account Mand N/A Y A securities account opened in the system for issuing the instrument.

Issuer agent Opt, repeating N/A Y Issuer agent representing the issuer in CSD.

Distribution account Opt N/A Y A securities account opened in the system for distributing the instrument.

Settlement Parameters

Settlement unit type Mand If provided by Issuer CSD

Specifies whether the security settles in units (UNIT) or face amount (FAMT).

Number of decimals Mand If provided by Issuer CSD

Number value.

Minimum settlement unit Mand If provided by Issuer CSD

The minimum quantity or nominal of the security for settlement.

Decimal number.

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Settlement Unit Multiple Mand If provided by Issuer CSD

During settlement the settlement quantity or face amount must be a multiple of the value of this attribute. Also known as settlement lot.

Decimal number.

Deviating settlement unit Opt, repeating Opt, repeating Settlement unit sizes that are allowed for settlement, but don’t correspond with standard lot size.

Decimal number.

Other Parameters

Eligible for pledge Opt Opt Y Fixed list of values: eligible for pledge, not eligible for pledge, eligible for pledge all-or-nothing, eligible for pledge with external conditions.

If security is marked as not pledgable then system must prevent pledging this security.

If security is marked as pledgable all-or-nothing then system must allow pledging only the total balance of security on pledgor’s securities account (i.e. not allow pledging part of the total balance).

If security is marked as pledgable with external conditions then system must warn the user when pledging.

Pre-emptive rights Opt Opt Y A flag specifying whether, upon transfer of a share to a third person, the other shareholders have a right of pre-emption. Informative.

Restricted access Opt Opt Y A flag specifying that only CSD has access to the instrument.

Defaults to false.

Listing Opt, repeating Opt, repeating Y

Market code Mand Mand Y ISO 10383 Market code (MIC) where securities are listed for trading.

Max length: 4.

Listed from Opt Opt Y The time when security got listed in the market.

Date and time value.

Listed until Opt Opt Y The time when the security was removed from the lists.

Date and time value.

Ticker code Opt Opt Y Reference (ticker) at the market where securities are listed for trading.

Textual value with max length: 20.

Code of trading list Opt Opt Y Textual value with max length: 10.

Additional Information

Billing reference Opt Opt Y Free text reference to be used by ancillary processes.

Max length: 35.

Comments Opt Opt Free text for narratives. Publicly visible.

Max length: 500.

T2S-specific Attributes

T2S instrument Mand Mand Y Flag specifying if instrument is maintained in T2S or not.

Defaults to false.

CSD is T2S SME Cond Cond Y Flag specifying if the CSD is Security Maintaining Entity (SME) for the instrument in T2S.

Condition: Mandatory for T2S instruments, not available for non-T2S instruments.

“Presence local" applies to instruments that are issued locally (i.e., where the CSD is issuer CSD).

“Presence foreign” applies to instruments that are not issued locally (i.e., where the CSD is not issuer CSD).

”N/A” means that the attribute is not available for instruments that are not issued locally.

2. Additional instrument attributes for Equities asset class instruments

Attribute Name Presence Description

Number of votes Opt The number of votes per unit that the instrument represents on the company's voting list.

On issuer share book Opt Whether this security is on the issuer’s share book.

Defaults to true.

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3. Additional instrument attributes for Debt asset class Instruments


Maturity date Opt The final maturity date of an instrument

Date value.

Time to maturity (months) Opt Number of months to maturity from issuance. (For example: 3 months; 60 months = 5 years, etc.)

Numeric value.

Type of interest Mand Indicates whether the Instrument pays a fixed or floating rate of interest, or no interest at all.

Fixed list of values: Fixed, Floating/Variable, Zero/Discounted, Non-interest bearing.

Annual interest rate in percentage Opt Decimal value.

Annual interest rate textual Opt For example variable interest rates such as "LIBOR 6M+1.2%.

Max length: 100.

Interest rate next period Cond The variable interest rate to be applied for the next period which will be manually updated at the start of the period.

Optional for Floating rate instruments, not available for Fixed rate instruments.

Interest payment frequency Opt Fixed list of values: bi-annual (every 2 yr), annual, semi-annual (every 6 mn), quarterly, monthly, weekly, daily, other.

First interest period end date Opt The date of the end of first interest period. It will be the basis for generating all payment dates when entered.

Only one out of ‘First interest period end date’ and ‘Last regular interest period end date’ can be defined.

Last regular interest period end date Opt The date of the last interest period. It will be the basis for generating all payment dates when entered.

Only one out of ‘First interest period end date’ and ‘Last regular interest period end date’ can be defined.

Payment date adjustment Opt The payment dates will be generated based on the interest period end date and this adjustment value, set as number of calendar days. Default value is 0.

Record date adjustment Cond The number of business days that the record date shall be set to be prior to the interest period end date. Must be > 0.

Mandatory if “Interest record date rules” are not provided.

Payment date adjustment convention

Opt When a generated payment date coincides with a system or currency holiday this indicates whether the date is to be moved forward to the next business day or backwards to the prior business day.

Fixed list of values: Backward, Forward, Modified Forward.

Interest record date rules Opt Textual rules for cases when actual interest record date is only determined when creating the CA event.

Interest payment date Opt, repeating List of interest payment dates. Entered manually or generated by the system.

Date value.

Day count convention Opt Fixed list of values: described in chapter 9.4 + additional value “Unknown”.

Guarantor Opt Textual identification (e.g., name) of the guarantor. For information only.

Paying agent Opt Textual identification (e.g., name) of the paying agent. For information only.

Manager Opt Textual identification (e.g., name) of the manager. For information only.

Generate INTP Events Mand Flag indicating that Interest Payment (INTP) Corporate Actions (CA Events should be generated in advance for the payment dates of the instrument.

Default ‘No’.

Generate REDM Events Mand Flag indicating that a Redemption (REDM) CA Event should be generated in advance for the maturity date of instrument.

Default ‘No’.

4. Additional instrument attributes for Rights and Options asset classinstruments


Type Mand Fixed list of values: call, put. This attribute is actually present in CFI.

Type Mand Fixed list of values: AM, EU. This attribute is actually present in CFI.

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Number of underlying assets per warrant, certificate

Decimal value.

Exercise currency All currencies are valid.

Exercise price Decimal value.

Expiration date Date value.

Last trading day Date value.

Exercise method Fixed list of values: cash, delivery.

Underlying asset Opt Identification of an underlying asset.

Redemption date (certificates) Opt Date value.

5. The following attributes are dependent on the chosen Corporate Action solution


Start of interest accrual Opt Start date of the loan.

End of interest accrual Opt End date of the loan.

First interest payment date Opt This attribute is not used for payment date generation by CSD system.

If value for this attribute is entered then it must not be possible to enter values for attributes ‘First interest period end date’, ‘Last regular interest period end date’ and ‘Interest payment date’.

Indicates the date of the first coupon payment.

This attribute is not used for payment date generation by CSD system.

Last interest payment date Opt If value for this attribute is entered then it must not be possible to enter values for attributes ‘First interest period end date’, ‘Last regular interest period end date’ and ‘Interest payment date’.

Indicates the date of the last coupon payment.

This attribute is not used for payment date generation by CSD system.

Next interest payment date Opt If value for this attribute is entered then it must not be possible to enter values for attributes ‘First interest period end date’, ‘Last regular interest period end date’ and ‘Interest payment date’.

This field is used to specify the next coupon date regardless the coupon frequency.

This field specifies the calculation mode of the redemption amount.

Type of redemption Mand Fixed list of possible values:

· In Fine: It means that all the principal amount (Capital) will be redeemed in the end of the loan schedule (At maturity date of the bond).

· Constant Redemption: It means that at each maturity, in accordance with redemption frequency, a constant amount of the capital will be redeemed.

· None: It's used to generate a loan schedule of a perpetual bond with no maturity date. Perpetual bonds are not redeemable but pay a steady stream of interest forever.

· Irregular: It's used to define only the next redemption data (Redemption Date, Redemption Rate or Redemption Amount). With this irregular mode, the user has to define at each maturity these redemption data until the bond matures.

This field is the outstanding principal of the bond. It could be equal or less to the capital.

Redemption amount Opt Decimal value.

This field is used to specify a redemption rate to be applied to the outstanding principal amount to deduce the next redemption amount. It's used necessarily in the irregular redemption mode.

Redemption rate next period Cond Mandatory if type of redemption is ‘Irregular’, optional otherwise.

Decimal value.

This field specifies the redemption frequency as periodicity used to compute the redemption amount at each maturity.

Redemption frequency Cond Fixed list of values: bi-annual (every 2 yr), annual, semi-annual (every 6 mn), quarterly, monthly, weekly, daily, other.

Mandatory if type of redemption is ‘Constant Redemption’; not available if type of redemption is ‘In Fine’; optional otherwise.

This field is used to specify the first redemption date when needed to be considered as first maturity.

First redemption date Opt If First redemption date is provided, then First redemption date > Issue date.

First redemption date must be >= First interest period end date.

If type of redemption is "None" then First redemption date must not be provided.

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This field is used to specify the last redemption date when needed to be considered as a bond maturity date regardless the redemption frequency.

Last redemption date Opt If Last redemption date is provided, then Last redemption date > Issue date.

This field is used to specify the next redemption date regardless the redemption frequency. Next redemption date must not be before the next interest payment date.

Next redemption date Cond Mandatory if type of redemption is ‘Irregular’; optional otherwise.

The business calendar to be referred in the case of holiday treatment.

CA calendar name Opt Text value with max length: 30.

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Annex 2. Country and Instrument Specific ISIN Sequences

1. ISIN sequences for instruments with Latvia as country of issuance

Instrument type (CFI code pattern) ISIN sequence (x = check digit)

Ordinary shares with voting rights (ES****) LV000010001x – LV000019999x

Privilege shares (EP****, ER****) LV000020001x – LV000029999x

Underwriting rights (RS****) LV000030001x – LV000039999x

Investment certificates (EU****) LV000040001x – LV000049999x

Government debt securities (D**T**) LV000050001x – LV000059999x

Convertible bonds (DC****) LV000070001x – LV000079999x

Corporate bonds (D*****) LV000080001x – LV000089999x

Municipal debt securities (D**T**) LV000100001x – LV000109999x

Other capital securities (EM****, DM****) LV000110001x – LV000119999x

ISIN sub-sequences for government debt securities

Time to maturity as defined for instrument Value of 8th position in ISIN

1 month 1

3 months 2

6 months 3

12 months 4

2 years 5

3 years 6

5 years 7

10 years 8

11 years 9

Overall the Latvian issued ISINs have the following composition

ISIN component Length

Latvian country code “LV” 2

Reserved “000” 3

Type of instrument 2

Sequence number 4

Check digit 1

2. ISIN sequences for instruments with Lithuania as country of issuance

Instrument type (CFI code pattern) ISIN sequence (x = check digit)

Pension funds (E*****) LTPF0000001x – LTPF0099999x

Investment funds (EU****) LTIF0000001x – LTIF0099999x

Shares of public and private limited liability companies (E*****) LT000010000x – LT000029999x

Corporate bonds with maturity up to 1 year (D*****) LT000030000x – LT000039999x

Corporate bonds with maturity over 1 year (D*****) LT000040000x – LT000049999x

Government securities with maturity up to 1 year (DY****) LT000050000x – LT000059999x

Government securities with maturity over 1 year (D*****) LT000060000x – LT000069999x

Government savings notes with maturity up to 1 year (D*****) LT000070000x – LT000079999x

Government savings notes with maturity over 1 year (D*****) LT000080000x – LT000089999x

Derivative instruments (M*****) LT000090000x – LT000099999x

3. ISIN sequences for instruments with Estonia as country of issuance

Instrument type (CFI code pattern) ISIN sequence

(a = type of issuer; x = check digit)

Common shares (ES****) EEa10000000x – EEa10009999x

Preferred shares (EP****) EEa20000000x – EEa20009999x

Debt instruments (D*****) EEa30000000x – EEa30009999x

Convertible bonds (DC****) EEa40000000x – EEa40009999x

Closed-end funds (EUC***) EEa50000000x – EEa50009999x

Open-end funds (EUO***) EEa60000000x – EEa60009999x

Subscription rights (RS****) EEa70000000x – EEa70009999x

Options/futures warrants/other (******) EEa90000000x – EEa90009999x

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List of issuer types for ISIN generation: Type of issuer Value of 3rd position in ISIN

Estonian government 1

Estonian municipal 2

Estonian legal person governed by private law 3

Foreign government and non-resident legal person 4

Overall the Estonian issued ISINs have the following composition:

ISIN component Length

Estonian country code “EE” 2

Type of issuer 1

Instrument type 1

Internal sequence for related instruments 2

Reserved 1

Sequence number 4

Check digit 1

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ASB RECORD FORMAT & FIELD DEFINITIONS

A

Field Name Constraint

Size/Format

Accepted Values Additional information

1

ISIN M 12 Alphanumeric

As per ISO 6166 The 12 character alpha numeric ISIN as per the ISO 6166 standard will be provided in this field.

2

Status M 1 Alpha “N”, “U”, “D”, “R” “N” - New (New ISIN added to the database) “U” - Updated (One/several of the fields in the ISIN record is/are updated) “D” - Deleted (The instrument associated with the ISIN is no longer active) “R” - Reused (ISIN that exists in inactive ISIN record in ASB database is used in an Active ISIN record)

3

Instrument Category

M 2 Alpha “EQ”, “CV”, “DT”, “EN”, “OP”, “FT”, “SP”, “RI”, “OT”

“EQ” = Equities “CV” = Collective Investment Vehicles “DT” = Debt “EN” = Entitlements/Rights “OP” = Options “FT” = Futures “SP” = Structured Products “RI” = Referential Instruments “OT” = Others

4

Issue Description

M Max. 120 Alphanumeric

Free text Description of the Issue

5

CFI Code O 6 Alpha As per ISO 10962 The Classification of Financial Instruments code as per the ISO 10962 standard

6

FISN O Max. 35 Alphanumeric

As per ISO 18774 The Financial Instrument Short Name

7

Preliminary Terms/Prospectus

O 1 Alpha “Y” or “N” The flag indicating whether the ISIN was assigned based on a preliminary prospectus or not, will be provided in this field. Acceptable alpha values are: “Y” = Yes (the information provided is preliminary) “N” = No (the information provided is not preliminary).

A Field Name Constraint Size/Format Accepted Values Additional

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information

8 Nominal Value

O Max. 19 Alphanumeric

nnnnnnnnnnnn.dddddd or “NPV”

The nominal value of the security will be provided in this field. This field is optional for: Equities, Debt, Entitlements, Structured Products, and Others instrument categories.

This field is not expected to be populated for: Collective Investment Vehicles, Options, Futures and the Referential Instruments instrument categories.

NPV = No Par Value

9 Issue Currency

M/O 3 Alpha As per ISO 4217 and CNH,GBX,MCU,PRC, PTX, UYR or XXR

The currency of the security, as per the ISO 4217 standard or the following: CNH – Chinese Offshore Renminbi GBX – Penny UK Sterling MCU – Multi-Currency PRC – Percent PTX – Points UYR – Index Adjusted Currency

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XXR – Reischsmark This field is mandatory for all instrument categories except for Structured Products, Referential Instruments, and Others for which it is optional.

10 Smallest Denomination

O Max. 19 Numeric

nnnnnnnnnnnn.dddddd

The smallest denomination of the security

11 Conversion Ratio/Contract Size

O Max. 12 Numeric

nnnnn.dddddd For instruments that have a convertibility feature (for example convertible bonds, Preferred Shares, etc.), the conversion ratio will be provided in this field. For Options and Futures and where relevant for Structured Products this field should be used to contain the Contract size. This field is optional for all instrument categories except for Referential Instruments.

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12 Maturity/Expiration Date

M/O Max. 8 Alphanumeric

YYYYMMDD or “P” or “Q”

Maturity Date or Expiry Date will be provided in this field. When an instrument is perpetual, a value “P” or “Q” is expected in the Maturity/Expiry Date field. The definitions of these values are identical to the CFI Code ISO 10962 standard: P = Perpetual (The debt instrument has no fixed maturity date and is only due for redemption in the case of the issuer's liquidation.) Q = Perpetual with call feature (The issue may be called for redemption at some time in the future.) This field is mandatory for Debt, Options, and Futures instrument categories and optional for all other instrument categories.

13 Exercise Price O Max. 16 Numeric

nnnnnnnnn.dddddd

Exercise price will be provided where relevant in

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this field. This price can be an amount or a percent. A maximum of 16 numeric characters will be accepted in nnnnnnnnn.dddddd format.

This field is Optional for Entitlements, Options, Structured Products and

Others instrument categories. It is not expected to be populated for any other instrument categories.

14 Exercise Price Currency

C 3 Alpha As per ISO 4217 or “PRC”

This field will only be populated under the condition that the “Exercise Price” field value is provided, otherwise it should not have a value. PRC = Percentage

15 Underlying O Variable Alphanumeric

Multiple values as per ISO 6166, separated by the tilde character “~”

This is one of the fields that can accept multiple values per ISIN record. What is expected in this field is the ISIN of the underlying(s) instrument(s). This field will be able to accept up to 100 ISIN codes as underlying separated by the tilde character “~”.

This field is optional for all instrument

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categories except for Referential Instruments.

Max. 100 ISINs

16 Type of Interest M/O 1 Alpha “F”, “Z”, “V”, “N” F = Fixed rate (All interest payments are known at issuance and remain constant for the life of the issue.) Z = Zero rate / Discounted (No periodical interest payments are made; the interest charge (discount) is the difference between maturity value and proceeds at the time of acquisition.) V = Variable (The interest rate is subject to adjustment through the life of the issue includes graduated, i.e. step-up/step-down, floating and indexed interest rates) N= Non-interest bearing instruments.

17 Interest Rate C Max. 10 Numeric

nnn.dddddd This field is meant to have the interest rate for fixed interest bearing instruments. This field is conditional to the value of the “Type of Interest” field,

26

i.e. it should only be populated if the “Type of Interest” field is set to “F” (for Fixed Rate Instruments) otherwise it can be left empty.

This field is conditional for Debt, Structured Products and Others instrument categories

18 Interest Payment Date

O 4 Numeric MMDD The first interest payment date in a calendar year will be provided in this field.

This field is optional for Debt, Structured Products and Others instrument categories. It is not required for any other instrument categories.

19 Interest Frequency

O 1 Alpha “B”, “A”, “S”, “Q”, “M”, “W”, “D”, “X”

This field will contain the frequency of interest payments.

B = Bi-annual A = Annual S = Semi-annual Q = Quarterly M = Monthly W = Weekly D = Daily X = Other

20 First Interest Payment Date

O 8 Numeric YYYYMMDD This field will contain the first interest payment date.

This field is optional for Debt, Structured Products, and Others instrument categories. It is not required for

27

any other instrument categories

21 Additional Information


Free text This field should contain any additional information (e.g. comments) relating to the respective ISIN record.

This field is optional for all instrument categories.

22 Market Identifier Code (MIC)

O Variable Alpha Multiple values as per ISO 10383, separated by the tilde character “~”

This is one of the fields that similar to the “Underlying” field can accept multiple values per ISIN record. What is expected in this field is the list of all the Market Identifier Codes (MICs) of the markets that the respective ISIN record will be traded at the time of issuance.

Max. 30 MICs per ISIN

23 Lead Manager Name


Free text The Lead Manager Name field should contain the full legal name of the Bank/Underwriting firm that took the lead role during the issuance/launch of the respective ISIN record.

The field is optional for Equities, Debt, Entitlements, and Others

28

instrument categories. It is not expected to be populated

for any other instrument categories.

24 Lead Manager LEI

O 20 Alphanumeric

As per ISO 17442

The Lead Manager LEI should contain the Legal Entity Identifier (LEI) of the Lead Manager in line with the ISO 17442 standard.

The field is optional for Equities, Debt, Entitlements, and Others instrument categories. It is not expected to be populated for any other instrument categories.

25 Fund Manager Name


Free text The Fund Manager Name field will contain the full legal name of the Fund Manager of the respective ISIN record.

The fieldis optional for Collective Investment Vehicles and Others instrument categories. It is not expected to be populated for any other instrument categories.

26 Fund Manager LEI

O 20 Alphanumeric

As per ISO 17442

The Fund Manager LEI will contain the Legal Entity Identifier (LEI) of the Fund Manager in line with the ISO

29

17442 standard.

The field is optional for Collective Investment Vehicles and Others instrument categories. It is not expected to be populated for any other instrument categories.

27 Central Security Depository (CSD) Name

O Max. 255 Alphanumeric per Single value

Multiple values of CSD Name (Free text) and CSD LEI (as per ISO 17442), separated by the tilde character “~”

The field will contain the full legal name of the Central Securities Depository or multiple ones which was/were used during the issuance of the respective ISIN record.

Max. 10 Values

Central Security Depository (CSD) LEI

O 20 Alphanumeric per Single value

Name and corresponding LEI must be listed in pair. If only Name or LEI is available it will also be accepted.

This field will also contain the Legal Entity Identifier (LEI) of the CSD in line with the ISO 17442 standard.

Max. 10 Values

28 Issuer Name (Long)

M Max. 400 Alphanumeric

Free text This field will contain the official registered name of the issuer of the ISIN record.

29 Issuer LEI O 20 Alphanumeric

As per ISO 17442

This field will contain the LEI of the issuer, in line with the ISO 17442 standard.

30 Issuer Name (Short)


Free text This field will contain the Issuer’s abbreviated name.

30

31 Issuer Supranational

O 1 Alpha “Y” or “N” “This field will be used to denote if the Issuer of the instrument described in the ISIN record is a Supranational organization (i.e. a governmental or non-governmental entity that is established by international law or treaty).

Y” = Yes (Issuer is a Supranational organization) “N” = No (Issuer is not a Supranational organization)

32 Issuer Headquarters Address 1


Free text

33 Issuer Headquarters Address 2


Free text

34 Issuer Headquarters State/Province


Free text

35 Issuer Headquarters Post Code


Free text

36 Issuer Headquarters City

O Max. 60 Alpha Free text

37 Issuer Headquarters Country

O 2 Alpha As per ISO 3166

38 Issuer Legal Registration Address 1


Free text

39 Issuer Legal Registration Address 2


Free text

40 Issuer Legal Registration State/Province


Free text

41 Issuer Legal Registration Post


Free text

31

Code

42 Issuer Legal Registration City

O Max. 60 Alpha Free text

43 Issuer Legal Registration Country

M 2 Alpha As per ISO 3166

The 12 character alpha numeric ISIN as per the ISO 6166 standard will be provided in this field.

44 Create Date M Max. 14 Numeric

YYYYMMDDHHMMSS

Date ISIN was added to the database

45 Modify Date M Max.14

Numeric

YYYYMMDDHHMMSS

Date ISIN was last updated

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