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=== Other identifiers === Although stock tickers identify a security, they are exchange dependent, generally limited to stocks, and can change. These limitations have led to the development of other codes in financial markets to identify securities for [[Settlement (finance)|settlement]] purposes. The most prevalent of these is the [[International Securities Identifying Number]] (ISIN).<ref>{{Cite web|url=https://www.isin.com/|title=Home|website=ISIN, CUSIP, LEI, SEDOL, WKN, CFI Codes, Database Securities Apply Application Register}}</ref> An ISIN uniquely identifies a [[Security (finance)|security]] and its structure is defined in [[ISO 6166]]. Securities for which ISINs are issued include [[Bond (finance)|bonds]], [[commercial paper]], [[stock]]s, and [[Warrant (finance)|warrant]]s. The ISIN code is a 12-character alpha-numerical code that does not contain information characterizing financial instruments, but serves for uniform identification of a security at trading and settlement. The ISIN identifies the security, not the [[stock exchange|exchange]] (if any) on which it trades; it is, therefore, not a replacement for the ticker symbol.<ref>{{cite web |url=https://www.isin.net/isin-etf/ |title=ISIN for ETFs |publisher=ISIN.net |accessdate=2023-03-15}}</ref> For instance, [[Daimler AG]] stock trades on twenty-two different stock exchanges worldwide and is priced in five foreign currencies; it has the same ISIN on each (DE0007100000), though not the same ticker symbol. ISIN cannot specify a particular trade in this case, and another identifier, typically the three- or four-letter exchange code (such as the [[Market Identifier Code]]), will have to be specified in addition to the ISIN.
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