A Guide to ISIN Issuance & Eligibility

ISIN issuance requests may be submitted once the required supporting documentation is available.

Unqualified Letter (UQL):

A UQL may be requested as soon as an ISIN has been assigned. Please submit an ISIN Issuance application & select “Unqualified Letter” from the menu in CDSX.

Once the ISIN(s) have been issued and final documentation is available, please submit at least 2 full business days prior to closing/effective date, otherwise, late fees may be applicable.

Example:

For a closing date on Wednesday, the eligibility request must be submitted prior to noon ET on Monday to avoid late fees

https://www.cds.ca/resource/en/275/

Applicable Codes:

• ISIN Issuance - CUSIP (Code 4700)
• ISIN Issuance - CDS (Code 4710)
• ISIN Issuance - Serial Bond items (Code 4724)
• ISIN Request Cancellation Fee (Code 4740)
• ISIN Unqualified Letter of Confirmation (Code 4750)

https://www.cds.ca/resource/en/275/

There are 3 potential fees charged for processing Eligibility requests:

1. A non refundable eligibility fee is applicable to all requests (Code 6236)

2. Based on submission time, a staggered potential late fee for requests submitted less than 2 business days prior to closing may be applicable

• Applicable codes: 6238, 6237, 6239

* Note: Same day requests are not accepted after 1:00 pm ET on the Closing Date.

3. Certificate Fees for certificated issues (Code 6232)

Complete applications received before 4:00 pm ET (day 1) will result in an ISIN returned by the close of the following business day (5:00 pm ET on day 2)

Complete applications received after 4:00 pm ET (day 1) will result in an ISIN returned by close of business, two business days later (5:00 pm ET on day 3)

* Subject to Canadian & U.S. holiday processing

The time required to complete a request is dependent on submission time, volumes, and additional documentation/information requirements. As such, completion times can vary. CDS aims to complete the requests no later than the day prior to the closing/effective date.

* Subject to Canadian & U.S. holiday processing

Preliminary documentation is acceptable.

Documentation must be in FINAL form & clearly specify all terms, conditions & attributes of the security

Draft documentation may result in rejection of the application.

The example list below is not exhaustive; additional documentation may be requested upon further review

New Issue:

Offering documents such as Prospectus, Prospectus Supplement, Offering Memorandum, Subscription Agreement, Term Sheet, Rights Offering Circular, Base Shelf Prospectus

Corporate Action:

Management Information circular, unexecuted Directors resolutions, Shareholder meeting minutes

New Issue:

Offering documents including by not limited to Prospectus, Prospectus Supplement, Offering Memorandum, Subscription Agreement, Term Sheet, Rights Offering Circular, Base Shelf Prospectus, *Warrant Indenture, *Trust Indenture

* Indentures alone are not sufficient as supporting documentation but may be provided as supplemental information to the offering document

Corporate Action:

Final documentation approving the corporate action such as Filed Articles of Amendment, Certificate of Name change, Executed Directors Resolutions, Final Court Approval, Certified Minutes to Shareholder meeting or Articles of Amalgamation.

** Book Entry Only (BEO) Services Agreement and/or Acknowledgement will also be required for BEO Issuers

FAQs:

https://www.cds.ca/about/faqs?isin

LEI:

https://www.cds.ca/issuers/issuer-services/legal-entity-identifier-lei

FAQs:

https://www.cds.ca/about/faqs?isin#

BEO:

https://www.cds.ca/participants/participant-services/beo-services

Eligibility Category Descriptions:

https://www.cds.ca/participants/settlement-and-clearing/isin-issuance-and-isin-eligibility-services/

Billing Agreement:

https://www.cds.ca/resource/en/219