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SICOVAM

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SICOVAM
Sicovam, an acronym for Société Interprofessionelle pour la Compensation des Valeurs Mobilières.
    
French organization in charge of facilitating, by operations of transfer from account to account, the circulation of the securities between its partners.
    
It is both a Security identifier system used to identify French securities listed on French stock exchanges, as well as the company set up to assign them. Sicovam was merged into the European-wide Euro Clear and as of July 1, 2003 SICOVAMs are no longer issued, ISINs being used instead.
Posted by  Privatebanking.com
 
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