Commencez

What is a CFI Code

A CFI code (Classification of Financial Instruments) is an international standard (ISO 10962) used to classify financial instruments.

It is widely used by exchanges, regulators, and professional terminals to formally describe the type and structure of a financial instrument.

On TradingView, the CFI code is shown as a classifier to help you understand the formal classification of a symbol and use it in Screeners.

How a CFI Code is Structured

A CFI code consists of 6 letters.

Each position represents a specific characteristic of the instrument.

PositionWhat it Represents
1Category (e.g., equity, debt, fund)
2Group (e.g., common share, bond, ETF)
3Attribute 1
4Attribute 2
5Attribute 3
6Attribute 4

If certain characteristics are not specified, the letter “X” may be used.

Instrument Categories

CodeCategoryDescription
EEquitiesInstruments that provide a share of ownership in a company or a specific group of assets.
DDebt instrumentsBonds, notes, and similar financial tools that represent a loan provided to an issuer.
CCollective investment vehicles (CIVs)Investment funds – such as mutual funds, ETFs, and unit trusts – where capital from many investors is pooled together and professionally managed.
REntitlements (rights)Entitlements (Rights) are securities that allow the holder to purchase or claim other assets (like new shares) at a predetermined price.
OListed optionsListed options are standard contracts allowing you to buy or sell an asset at a predetermined price within a specific timeframe.
FFuturesStandardized contracts to buy/sell an asset at a future date.
SSwapsContracts to exchange cash flows or other financial variables.
HNon-listed and complex listed optionsIncludes OTC, unlisted, and complex listed options.
ISpotSpot market contracts involve the immediate purchase or sale of assets for cash, with delivery following standard market timelines.
JForwardsNon-listed contracts where two parties agree today on the price and date for a future transaction.
KStrategiesDerivative strategies are trades that combine two or more derivative instruments at the same time.
LFinancingThis category covers collateralized loans. The lender gives the borrower an asset in exchange for security (like cash or other holdings). Both parties agree upfront to swap these back at a later date.
TReferential instrumentsA collection of indices, currencies, interest rates, or asset baskets used as standard benchmarks to value other financial products
MOthers (miscellaneous)Any other instruments not covered by the categories above.

Equities Reference (Category: E)

Position 2: Groups

  • S: Common/ordinary shares
  • P: Preferred/preference shares
  • C: Common/ordinary convertible shares
  • F: Preferred/preference convertible shares
  • L: Limited partnership units
  • D: Depositary receipts on equities
  • Y: Structured instruments (participation)
  • M: Others (miscellaneous)

Attributes by Group

GroupAttr 1 (Pos 3)Attr 2 (Pos 4)Attr 3 (Pos 5)Attr 4 (Pos 6)
S, C, LVoting right:
(V) Voting,
(N) Non-voting,
(R) Restricted voting,
(E) Enhanced voting		Ownership/transfer/sales:
(T) Restrictions,
(U) Free (unrestricted)		Payment status:
(O) Nil paid,
(P) Partly paid,
(F) Fully paid		Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others
P, FVoting right:
(V) Voting,
(N) Non-voting,
(R) Restricted voting,
(E) Enhanced voting		Redemption:
(R) Redeemable,
(E) Extendible,
(T) Redeemable/extendible,
(G) Exchangeable,
(A) Redeemable/exchangeable/extendible,
(C) Redeemable/exchangeable,
(N) Perpetual		Income:
(F) Fixed rate income,
(C) Cumulative, fixed rate income,
(P) Participating income,
(Q) Cumulative, participating income,
(A) Adjustable/variable rate income,
(N) Normal rate income,
(U) Auction rate income		Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others
DInstrument dependency:
(S) Common/ordinary shares,
(P) Preferred/preference shares,
(C) Common/ordinary convertible shares,
(F) Preferred/preference convertible shares,
(L) Limited partnership units,
(M) Others		Redemption/conversion of the:
(R) Redeemable,
(N) Perpetual,
(B) Convertible,
(D) Convertible/redeemable		Income:
(F) Fixed rate income,
(C) Cumulative, fixed rate income,
(P) Participating income,
(Q) Cumulative, participating income,
(A) Adjustable/variable rate income,
(N) Normal rate income,
(U) Auction rate income,
(D) Dividends		Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others
YType:
(A) Tracker certificate,
(B) Outperformance certificate,
(C) Bonus certificate,
(D) Outperformance bonus certificate,
(E) Twin-win-certificate,
(M) Others		Distribution:
(D) Dividend payments,
(Y) No payments,
(M) Others		Repayment:
(F) Cash repayment,
(V) Physical repayment,
(E) Elect at settlement,
(M) Others		Underlying assets:
(B) Baskets,
(S) Equities,
(D) Debt instruments,
(G) Derivatives,
(T) Commodities,
(C) Currencies,
(I) Indices,
(N) Interest rates,
(M) Others
MNot applicable/undefined:
(X) Not applicable		Not applicable/undefined:
(X) Not applicable		Not applicable/undefined:
(X) Not applicable		Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others

Example: Stock

CFI code: ESVUFR

Interpretation: Ordinary voting share (common stock)

PositionValueMeaning (high-level)
1EEquity
2SCommon/ordinary shares
3VVoting rights
4UUnrestricted
5FFully paid
6RRegistered

Debt Instruments Reference (Category: D)

Position 2: Groups

  • B: Bonds
  • C: Convertible bonds
  • W: Bonds with warrants attached
  • T: Medium-term notes
  • Y: Money market instruments
  • S: Structured instruments (capital protection)
  • E: Structured instruments (without capital protection)
  • G: Mortgage-backed securities
  • A: Asset-backed securities
  • N: Municipal bonds
  • D: Depositary receipts on debt
  • M: Others (miscellaneous)

Attributes by Group

GroupAttr 1 (Pos 3)Attr 2 (Pos 4)Attr 3 (Pos 5)Attr 4 (Pos 6)
BType of interest or cash:
(F) Fixed rate,
(Z) Zero rate/discounted,
(V) Variable,
(C) Cash payment,
(K) Payment in kind		Guarantee or ranking:
(T) Government guarantee,
(G) Joint guarantee,
(S) Secured,
(U) Unsecured/unguaranteed,
(P) Negative pledge,
(N) Senior,
(O) Senior subordinated,
(Q) Junior,
(J) Junior subordinated,
(C) Supranational		Redemption/reimbursement:
(F) Fixed maturity,
(G) Fixed maturity with call feature,
(C) Fixed maturity with put feature,
(D) Fixed maturity with put and call,
(A) Amortization plan,
(B) Amortization plan with call feature,
(T) Amortization plan with put feature,
(L) Amortization plan with put and call,
(P) Perpetual,
(Q) Perpetual with call feature,
(R) Perpetual with put feature,
(E) Extendible		Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others
C, W, TType of interest:
(F) Fixed rate,
(Z) Zero rate/discounted,
(V) Variable,
(K) Payment in kind		Guarantee or ranking:
(T) Government guarantee,
(G) Joint guarantee,
(S) Secured,
(U) Unsecured/unguaranteed,
(P) Negative pledge,
(N) Senior,
(O) Senior subordinated,
(Q) Junior,
(J) Junior subordinated,
(C) Supranational		Redemption/reimbursement:
(F) Fixed maturity,
(G) Fixed maturity with call feature,
(C) Fixed maturity with put feature,
(D) Fixed maturity with put and call,
(A) Amortization plan,
(B) Amortization plan with call feature,
(T) Amortization plan with put feature,
(L) Amortization plan with put and call,
(P) Perpetual,
(Q) Perpetual with call feature,
(R) Perpetual with put feature,
(E) Extendible		Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others
YType of interest:
(F) Fixed rate,
(Z) Zero rate/discounted,
(V) Variable,
(K) Payment in kind		Guarantee or ranking:
(T) Government guarantee,
(G) Joint guarantee,
(S) Secured,
(U) Unsecured/unguaranteed,
(P) Negative pledge,
(N) Senior,
(O) Senior subordinated,
(Q) Junior,
(J) Junior subordinated,
(C) Supranational		Not applicable/undefined:
(X) Not applicable		Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others
SType:
(A) Capital protection certificate with participation,
(B) Capital protection convertible certificate,
(C) Barrier capital protection certificate,
(D) Capital protection certificate with coupons,
(M) Others		Distribution:
(F) Fixed interest payments,
(D) Dividend payments,
(V) Variable interest payments,
(Y) No payments,
(M) Others		Repayment:
(F) Fixed cash repayment,
(V) Variable cash repayment,
(M) Others		Underlying assets:
(B) Baskets,
(S) Equities,
(D) Debt instruments,
(T) Commodities,
(C) Currencies,
(I) Indices,
(N) Interest rates,
(M) Others
EType:
(A) Discount certificate,
(B) Barrier discount certificate,
(C) Reverse convertible,
(D) Barrier reverse convertible,
(E) Express certificate,
(M) Others
Distribution:
(F) Fixed interest payments,
(D) Dividend payments,
(V) Variable interest payments,
(Y) No payments,
(M) Others
Repayment:
(R) Repayment in cash,
(S) Repayment in assets,
(C) Repayment in assets and cash,
(T) Repayment in assets or cash,
(M) Others
Underlying assets:
(B) Baskets,
(S) Equities,
(D) Debt instruments,
(T) Commodities,
(C) Currencies,
(I) Indices,
(N) Interest rates,
(M) Others
G, AType of interest:
(F) Fixed rate,
(Z) Zero rate/discounted,
(V) Variable
Guarantee or ranking:
(T) Government guarantee,
(G) Joint guarantee,
(S) Secured,
(U) Unsecured/unguaranteed,
(P) Negative pledge,
(N) Senior,
(O) Senior subordinated,
(Q) Junior,
(J) Junior subordinated,
(C) Supranational
Redemption/reimbursement:
(F) Fixed maturity,
(G) Fixed maturity with call feature,
(C) Fixed maturity with put feature,
(D) Fixed maturity with put and call,
(A) Amortization plan,
(B) Amortization plan with call feature,
(T) Amortization plan with put feature,
(L) Amortization plan with put and call,
(P) Perpetual,
(Q) Perpetual with call feature,
(R) Perpetual with put feature,
(E) Extendible
Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others
NType of interest:
(F) Fixed rate,
(Z) Zero rate/discounted,
(V) Variable
Guarantee or ranking:
(T) State guarantee,
(G) Joint guarantee,
(S) Secured,
(U) Unsecured/unguaranteed,
(P) Negative pledge,
(N) Senior,
(O) Senior subordinated,
(Q) Junior,
(J) Junior subordinated,
(C) Supranational
Redemption/reimbursement:
(F) Fixed maturity,
(G) Fixed maturity with call feature,
(C) Fixed maturity with put feature,
(D) Fixed maturity with put and call,
(A) Amortization plan,
(B) Amortization plan with call feature,
(T) Amortization plan with put feature,
(L) Amortization plan with put and call,
(P) Perpetual,
(Q) Perpetual with call feature,
(R) Perpetual with put feature,
(E) Extendible
Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others
DInstrument dependency:
(B) Bonds,
(C) Convertible bonds,
(W) Bonds with warrants attached,
(T) Medium-term notes,
(Y) Money market instruments,
(G) Mortgage-backed securities,
(A) Asset-backed securities,
(N) Municipal bonds,
(M) Others
Type of interest/cash payment:
(F) Fixed rate,
(Z) Zero rate/discounted,
(V) Variable,
(C) Cash payment
Guarantee or ranking:
(T) Government guarantee,
(G) Joint guarantee,
(S) Secured,
(U) Unsecured/unguaranteed,
(P) Negative pledge,
(N) Senior,
(O) Senior subordinated,
(Q) Junior,
(J) Junior subordinated,
(C) Supranational
Redemption/reimbursement:
(F) Fixed maturity,
(G) Fixed maturity with call feature,
(C) Fixed maturity with put feature,
(D) Fixed maturity with put and call,
(A) Amortization plan,
(B) Amortization plan with call feature,
(T) Amortization plan with put feature,
(L) Amortization plan with put and call,
(P) Perpetual,
(Q) Perpetual with call feature,
(R) Perpetual with put feature,
(E) Extendible
MType:
(B) Bank loan,
(P) Promissory note,
(M) Others
Not applicable/undefined:
(X) Not applicable
Not applicable/undefined:
(X) Not applicable
Form:
(B) Bearer,
(R) Registered,
(N) Bearer/registered,
(M) Others

Example: Corporate Bond

CFI code: DBFSNR
Interpretation: Fixed-rate secured corporate bond, registered form

PositionValueMeaning (high-level)
1DDebt instrument
2BBond
3FFixed interest rate
4SSecured
5NNo special redemption features
6RRegistered

Collective Investment Vehicles Reference (Category: C)

Position 2: Groups

  • I: Standard (vanilla) investment funds/mutual funds
  • H: Hedge funds
  • B: REITs
  • E: ETFs
  • S: Pension funds
  • F: Funds of funds
  • P: Private equity funds
  • M: Others (miscellaneous)

Attributes by Group

GroupAttr 1 (Pos 3)Attr 2 (Pos 4)Attr 3 (Pos 5)Attr 4 (Pos 6)
I, PClosed/open-end:
(C) Closed-end,
(O) Open-end,
(M) Others		Distribution policy:
(I) Income funds,
(G) Accumulation funds,
(J) Mixed funds		Assets:
(R) Real estate,
(B) Debt instruments,
(E) Equities,
(V) Convertible securities,
(L) Mixed,
(C) Commodities,
(D) Derivatives,
(F) Referential instruments excluding commodities,
(K) Credits,
(M) Others		Security type and investor:
(S) Shares,
(Q) Shares for QI,
(U) Units,
(Y) Units for QI
BClosed/open-end:
(C) Closed-end,
(O) Open-end,
(M) Others		Distribution policy:
(I) Income funds,
(G) Accumulation funds,
(J) Mixed funds		Not applicable/undefined:
(X) Not applicable		Security type and investor:
(S) Shares,
(Q) Shares for QI,
(U) Units,
(Y) Units for QI
EClosed/open-end:
(C) Closed-end,
(O) Open-end,
(M) Others		Distribution policy:
(I) Income funds,
(G) Accumulation funds,
(J) Mixed funds		Assets:
(R) Real estate,
(B) Debt instruments,
(E) Equities,
(V) Convertible securities,
(L) Mixed,
(C) Commodities,
(D) Derivatives,
(F) Referential instruments excluding commodities,
(K) Credits,
(M) Others		Security type and investor:
(S) Shares,
(U) Units
HInvestment strategy:
(D) Directional,
(R) Relative value,
(S) Security selection,
(E) Event-driven,
(A) Arbitrage,
(N) Multi-strategy,
(L) Asset-based lending,
(M) Others		Not applicable/undefined:
(X) Not applicable		Not applicable/undefined:
(X) Not applicable		Not applicable/undefined:
(X) Not applicable
SClosed/open:
(C) Closed,
(O) Open,
(M) Others		Strategy/style:
(B) Balanced/conservative,
(G) Growth,
(L) Life style,
(M) Others		Type:
(R) Defined benefit,
(B) Defined contribution,
(M) Others		Security type and investor:
(S) Shares,
(U) Units
FClosed/open-end:
(C) Closed-end,
(O) Open-end,
(M) Others		Distribution policy:
(I) Income funds,
(G) Accumulation funds,
(J) Mixed funds		Type of funds:
(I) Standard,
(M) Others,
(H) Hedge funds,
(B) REITs,
(E) ETFs,
(P) Private equity funds		Security type and investor:
(S) Shares,
(Q) Shares for QI,
(U) Units,
(Y) Units for QI
MNot applicable/undefined:
(X) Not applicable		Not applicable/undefined:
(X) Not applicable		Not applicable/undefined:
(X) Not applicable		Security type and investor:
(S) Shares,
(Q) Shares for QI,
(U) Units,
(Y) Units for QI

Example: Exchange-Traded Fund (ETF)

CFI code: CEOUCR
Interpretation: Open-ended exchange-traded fund with in-kind creation/redemption, registered form

PositionValueMeaning (high-level)
1CCollective investment vehicle
2EExchange-traded fund (ETF)
3OOpen-ended
4UUnrestricted
5CCreation / redemption in kind
6RRegistered
Country of registration
Classification des ETF: Catégories, domaines de…