What is FIGI?

What is FIGI?

• A. A standardized bond coupon code.
• B. A unique identifier for financial instruments.
• C. A benchmark rate index.
• D. A pricing model for options.

Answer: (B)

FIGI is a unique identifier for financial instruments used to standardize identification across markets. It stands for Financial Instrument Global Identifier and assigns a single, globally unique code to each instrument—whether a stock, bond, derivative, or other security—so data, trading systems, and analytics can consistently match the same instrument even when there are different local codes or names in different exchanges. The code is typically 12 alphanumeric characters and is maintained in the OpenFIGI repository, which helps link instruments to their metadata across platforms. This is not a bond coupon code, not a benchmark rate index, and not a pricing model for options. The standard identifier simplifies data handling, consolidation, and retrieval of instrument information.

FIGI is a unique identifier for financial instruments used to standardize identification across markets. It stands for Financial Instrument Global Identifier and assigns a single, globally unique code to each instrument—whether a stock, bond, derivative, or other security—so data, trading systems, and analytics can consistently match the same instrument even when there are different local codes or names in different exchanges. The code is typically 12 alphanumeric characters and is maintained in the OpenFIGI repository, which helps link instruments to their metadata across platforms. This is not a bond coupon code, not a benchmark rate index, and not a pricing model for options. The standard identifier simplifies data handling, consolidation, and retrieval of instrument information.