Coding data underscores health of financial sector
Print APIR-issued codes take in APIRs as well as Superannuation Product Identifier Number (SPINs) and legal entity identifier (LEIs). They are used by end users, such as platforms, financial planners, managed funds, separately managed accounts (SMAs) and superannuation funds as well as regulatory bodies such as the ATO, to identify assets and enable execution and portfolio valuations. They were introduced in Australia in the mid-1990s and have been issued by APIR since that time. In its 27 years of operation, APIR has issued identifiers for over 30,000 individual financial products; 15,000 ...
Source: moneymanagement.com.au