Stock Exchange Daily Official List (SEDOL)
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).
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Cached on May 24, 2012, 1:27 pm