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Industrial Classification

Originally published: June 2011

Sorting Out the Sorting Systems

When we received an inquiry from a potential foreign client requesting our ISIC number, I was stumped. I've recorded SIC and NAICS classification codes – but ISIC was a new one on me.

I did some research and discovered there are actually four national, multi-national and global industrial classification systems that finance and credit managers should be aware of. Here's a summary of each of them. There are also some links at the end of the article for those of you who want to dig deeper.