Stock Exchange Daily Official List (SEDOL)

posted on 06-06-2019

What it is:

The Stock Exchange Daily Official List code is a unique identifier generated by the London Stock Exchange for securities issued in the U.K.

How it works/Example:

Each U.K.-issued security traded on the London Stock Exchange is assigned a distinct code which identifies it on the Stock Exchange Daily Official List (SEDOL). This SEDOL identifier is seven characters in length and comprises a combination of letters and numbers.

Why it matters:

U.K. securities contain SEDOL codes for greater ease and reduced confusion in trading and trade processing. In addition to other identifiers, including CUSIP and ISIN numbers, the existence of a SEDOL code identifies U.K. securities which do not trade on a foreign exchange (e.g. the NYSE).



Related Terms

Stock
CUSIP
ISIN
NYSE
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Submitted by Anonymous on Thu, 06/06/2019 - 06:51
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