SAMM50

SAMM50 is a financial instrument identification code used in the Chinese interbank bond market. It is a unique, standardized code assigned to bonds issued and traded within that market. The code is designed to facilitate efficient trading, clearing, and settlement processes by providing a clear and unambiguous identifier for each individual bond.

Specifically, "SAMM" stands for the Securities Association of China Market Members (SACMM), which is a self-regulatory organization overseeing the Chinese interbank bond market. The "50" portion indicates that the code utilizes a 50-bit encoding scheme.

These codes are crucial for accurately tracking bond ownership, calculating accrued interest, and reporting transaction data. They are used by various market participants including bond issuers, underwriters, traders, custodians, and regulators. SAMM50 helps streamline bond market operations and reduces the potential for errors in processing transactions. It is an essential component of the Chinese fixed-income market infrastructure.