Upload
others
View
25
Download
0
Embed Size (px)
Citation preview
CSN GUIDE 2 of 20
CONTENTS
1. Introduction .......................................................................................................................... 4
1.1 Document Purpose ........................................................................................................ 4
1.2 Intended Audience ......................................................................................................... 4
1.3 Document History ........................................................................................................... 4
2. Overview ............................................................................................................................. 5
3. CSN Creation ...................................................................................................................... 6
3.1 CSN Types ..................................................................................................................... 6
3.2 Creation Rules ............................................................................................................... 6
3.2.1 Client / Nominee CSN ............................................................................................. 6
3.2.2 Owned CSN ............................................................................................................ 7
3.3 Holder Types .................................................................................................................. 7
3.3 CSN Examples ............................................................................................................... 8
4. Long Form Outward Transfers (COT/OOT).......................................................................... 9
4.1 Overview ........................................................................................................................ 9
4.2 Name and Address Format ............................................................................................ 9
4.2.1 Basic Format ........................................................................................................ 10
4.2.2 Punctuation........................................................................................................... 10
4.2.3 Holder Names ....................................................................................................... 10
4.2.4 Designated Holdings ............................................................................................. 11
4.2.5 Account Designations ........................................................................................... 11
4.2.6 Address ................................................................................................................ 12
4.3 Share Registry Validation of Outward Transfer Requests ............................................. 12
5. Similarity Checking .............................................................................................................. 13
Appendix 1 .............................................................................................................................. 14
Appendix 2 .............................................................................................................................. 16
Appendix 3 .............................................................................................................................. 19
CSN GUIDE 3 of 20
DISCLAIMER:
THE INFORMATION CONTAINED IN THIS DOCUMENT IS A GUIDE ONLY. ALL PARTICIPANTS ON ANY NZX MARKET MUST COMPLY WITH THE RELEVANT RULES, AND THIS DOCUMENT IS NOT A SUBSTITUTE FOR THOSE RULES. NZX CLEARING WILL DETERMINE, IN ITS SOLE DISCRETION, WHETHER ANY PARTICIPANT OR POTENTIAL PARTICIPANT MEETS THE REQUISITE CRITERIA TO BECOME AND REMAIN A PARTICIPANT. THOSE WISHING EITHER TO TRADE IN ANY PRODUCTS AVAILABLE AT NZX OR TO OFFER AND SELL THEM TO OTHERS SHOULD CONSIDER BOTH THEIR LEGAL AND REGULATORY POSITION, INCLUDING THE RELEVANT RULES, AND THE RISKS ASSOCIATED WITH SUCH PRODUCTS BEFORE DOING SO. NO PART OF THIS PUBLICATION MAY BE REDISTRIBUTED OR REPRODUCED IN ANY FORM OR BY ANY MEANS OR USED TO MAKE ANY DERIVATIVE WORK WITHOUT WRITTEN PERMISSION FROM NZX CLEARING. NZX CLEARING (INCLUDING ITS PARENT COMPANY DIRECTORS, OFFICERS, EMPLOYEES AND CONTRACTORS) SHALL NOT BE LIABLE (EXCEPT TO THE EXTENT REQUIRED BY LAW) FOR THE USE OF THE INFORMATION CONTAINED HEREIN HOWEVER ARISING IN ANY CIRCUMSTANCES CONNECTED WITH ACTUAL TRADING OR OTHERWISE. NZX CLEARING IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS CONTAINED IN THIS PUBLICATION. THIS PUBLICATION IS FOR INFORMATION ONLY AND DOES NOT CONSTITUTE AN OFFER, SOLICITATION OR RECOMMENDATION TO ACQUIRE OR DISPOSE OF ANY INVESTMENT OR TO ENGAGE IN ANY OTHER TRANSACTION. ALL INFORMATION, DESCRIPTIONS, EXAMPLES AND CALCULATIONS CONTAINED IN THIS PUBLICATION ARE FOR GUIDANCE PURPOSES ONLY, AND SHOULD NOT BE TREATED AS DEFINITIVE.
CSN GUIDE 4 of 20
1. Introduction
1.1 Document Purpose
The purpose of this document is to provide participants with additional information on the creation of Common Shareholder Numbers (CSN)’s. This can be used as a supplementary guide to User Guide 2 – Business Relations.
1.2 Intended Audience
This document is intended for use Clearing & Settlement Participants.
1.3 Document History
Version Date Nature of Amendment
1.0 January 2012 Initial draft
1.1 14-Dec-2016 Updates for BaNCS V7
CSN GUIDE 5 of 20
2. Overview Common Shareholder Number (CSN)’s provide a single customer number to a single
shareholder entity (holder) across multiple share registries. A CSN is required for all Client
Outward Transfers or Owned Outward Transfers (i.e. Existing or new holders).
CSN’s are created and stored in the Settlement System (BaNCS) database operated by NZX
Clearing. Details of new CSN’s are either transmitted to the share registries when initial
registration of shares occurs, or linked to an existing shareholder number.
CSN’s can be allocated by Participants or share registries, and occasional NZX Clearing if
required. The primary requirement is to ensure that any shareholder has only one CSN to
remove ambiguity between share registries and provide the shareholder with concise reporting.
BaNCS provides assistance to the user allocating the CSN by highlighting possible similarities.
A “Client” CSN has between one and three individual holders. A Client CSN may contain a
person or persons, a company or companies, or a mix of both. The order of the individual
names within a CSN is important, i.e. “Mary” and “John” is a different entity to “John” and
“Mary”/ All Client CSN’s have an Authorisation code (FIN) that may be randomly generated at
the time of creation, or specified by the client. The same FIN is used across all share registries.
FIN’s are created in the range 0000 to 9999. The FIN must be presented with the Shareholder
Number or CSN to authorise the transfer of securities. A FIN on a CSN is similar to a PIN on a
bank account, and security is important. Shareholders are responsible for ensuring the safe
custody of their FIN.
A Participant can also create an “Owned” CSN. This is a CSN whose holdings may only be
accessed by the creating Participant. The restriction means an Owned CSN does not required a
FIN.
Prior to creating a new CSN the Participant must perform sufficient customer due diligence,
including obtaining two or more forms of ID for an individual, and one or more forms for a
company.
CSN GUIDE 6 of 20
3. CSN Creation
3.1 CSN Types
The BaNCS attribute “BP Role” identifies the type of CSN. There are three types as follows:
1) “Client” CSN’s have one or more holders of any type. This CSN can incorporate individuals and entities. These CSN’s are allocated in the number range starting at 330000000. These CSN’s have a FIN, and transfers on register for Client CSN’s are performed using Client Inward and Client Outward transfers.
2) “Nominee” CSN’s are a special version of Client CSN. A Nominee CSN has these additional requirements:
The Nominee CSN has a single holder
CSN Account Designation is required
Transfers on register for Nominee CSN’s are performed using Client Inward and Client Outward transfers. These CSN’s also have a FIN. Nominee/Custodial holders can make use of the CSN account designation as part of the search key in situations where large numbers of CSN’s have the same holder details and are distinguished by the CSN Account Designation.
3) “Owned” CSN’s require one holder’s name to be provided. No identification details are required for this holder, although an Account Designation is required. These CSN’s are allocated in the number range starting at 220000000. Owned CSN’s make use of Owned Inward and Owned Outward transfers, and do not have a FIN.
3.2 Creation Rules
The following rules apply when creating a CSN:
3.2.1 Client / Nominee CSN
Account designation is optional. If supplied, similarity checking is not performed
Companies require one form of ID
Individuals require two forms of ID
ID with a NZ country of origin (E.g. NZ IRD numbers) may have further validation
performed
Overseas ID’s are not validated
Similarity checking is performed on each shareholder name and their associated ID’s
The order of the names within a CSN is important
Subsequent updates to a CSN must follow the same rules. Similarity checking is not
performed on these updates
Share registries may have more than three names for a holder, whereas BaNCS only stores the
first three. The order of names is important and BaNCS will assume the Participant or share
registry has entered the three most significant names. If it is important for the CSN to contain
the fourth of subsequent names, the “Remarks” field may be used to store these details.
CSN GUIDE 7 of 20
However this information will not be passed to the share registry or used in any validation
checking.
3.2.2 Owned CSN
Must have an account designation
Must have a company holder name
No forms of ID are required, but can be entered if desirable
Only one shareholder is allowed
Similarity checking is performed on name / account designation
A participant may have many Owned CSN’s. When a CSN is created the Participant’s BPID is
stored against that CSN. Subsequently only that Participant can perform transfers against the
CSN, this being enforced both by BaNCS and the share registries. This removes the need for a
FIN as the Participant is the legal owner of the CSN.
3.3 Holder Types
Identification of the type of holder within a CSN is provided by a holder type value for each
holder within the CSN. BaNCS will examine the name entered by the user and enforce the
correct holder type.
The holder type may be:
Individual – The CSN holder is a person and the identification details provided must be
those that relate to a person. These are: Tax Number, Passport, Drivers Licence, Bank
Account or Date of Birth
Corporate – The CSN holder is a registered company, incorporated society or charitable
trust and the identification details provided must be those that relate to these entities.
These are: Tax Number, Company Registration Number, Bank Account Number or
FATCA Code
The following table shows the combinations of CSN Type and Holder Type that are allowed.
CSN Type Account Designation
Number ID Required Holder Type Acceptable ID
Owned Mandatory 1 No Company
Optional: Tax Number, Company Registration Number, Bank Account Number, FATCA Code
Client Optional 1 to 3 Yes
Individual
Tax Number, Passport, Driver’s License, Bank Account Number, Date of Birth
Company Tax Number, Company Registration Number,
CSN GUIDE 8 of 20
Bank Account Number, FATCA Code
Nominee Mandatory 1 No Company
Optional: Tax Number, Company Registration Number, Bank Account Number, FATCA Code
3.3 CSN Examples
The following table provides some example CSN’s:
Example CSN Type A/C Designation Holder Type Holder Name(s)
1 Owned Non Resident Account Corporate Fraco Nominees Limited
2 Nominee AJ Robertson Account Corporate ABC Nominees Limited
3 Nominee Estate John Smith Corporate Public Trust
4 Client Individual Mr John William Smith
5 Client Corporate Fracaz Limited
6 Client Adams Family
Individual Mr John James Adams
Individual Mrs Sally Anne Adams
Corporate Lawright Nominees Limited
7 Client Corporate The Roman Catholic Bishop of the Diocese of Hamilton
8 Client Individual Jen Fu
CSN GUIDE 9 of 20
4. Long Form Outward Transfers (COT/OOT)
4.1 Overview
After creating a CSN a Participant can register shares to the holder at any share registry. If the
share registry does not have the holder in their records, a “Long Form” Client Outward Transfer
(COT) will deliver the shares and the holder details to the share registry to update their system.
The details for this transfer are identical to those for a regular or “Short Form” COT, the main
difference being the inclusion of the full shareholder name and address.
The steps for performing this process are as follows:
1) Participant creates a CSN
2) Participant enters details into COT and sends transaction to the share registry. BaNCS
will automatically send the FIN associated with the CSN
3) Registry receives transaction, assigns a transfer reference number and returns a reply
BaNCS with a “Pending” transfer status and warning message “3023 transfer name
match required”. The share are still in the Participant FTA at this stage but are moved to
the unavailable balance
4) Registry will accept or reject the transfer
5) Participants check the “Un-notified transfer” screen in BaNCS for the current status of
the COT, as the original COT transfer status will remain pending and will not change
If the holder details are incomplete or don’t satisfy the share registry requirements, the registry
will reject the transfer and move the shares back to the available balance in the Participant’s
Transfer Account. If the holder details are sufficient the registry will accept the transfer, set up
the holder in the registry system based on the name and address details supplied, and move
the shares from the Transfer Account unavailable balance to the new holder’s available
balance. In both cases the registry will report the completion of the transfer back to the
Participant with an “Un-notified” transaction.
4.2 Name and Address Format
BaNCS uses a combined Name and Address field for sending details to share registries via
Outward Transfers.
The format of the BaNCS name and address field is five lines of 30 characters and one line of
14 characters. A 10 character postcode and a three character country code are separate fields.
The Name and Address format can be summarised as:
Name [‘<’ account-designation ‘>’][,] Address
Name Is compulsory
Account-Designation Is required if the registration details are for a CSN that has an
account designation. If provided it must be enclosed by “<” and “>”
, Is compulsory. Thu comma separates name (and account
designation if applicable) from address
CSN GUIDE 10 of 20
Address Is compulsory
The following sections provide more detail on the specific requirements of each of the above
items and how to incorporate them into the name and address fields.
4.2.1 Basic Format
The complete name and address details excluding postcode and country code must be
contained within the six lines provided for name and address, including spaces and acceptable
punctuation, per line.
The first five lines may contain up to 30 characters per line. The sixth line may contain up to 14
characters. All details are held by the share registries in UPPER CASE. BaNCS upshifts details
before passing them to the share registries.
4.2.2 Punctuation
All punctuation is acceptable as are other special characters (E.g. Hyphens, apostrophes etc.)
with the following exceptions:
Only one comma is permitted which is to be used to separate the name (and account
designation if applicable) from the address
Full stops are not permitted
Angle brackets “< >” and plus sign “+” are not permitted except as defined below
Other rules include:
Whenever space permits, the comma must follow the last character of the name/s or account
designation closing bracket and be inserted on the same line, if possible.
If the last character of the name/s or the account designation closing angle bracket finishes in
the last character space of a line, then the comma must be inserted as the first character of the
following line prior to the commencement of the address details
Participants and share registry systems should be programmed to delete the comma, and
where applicable left justify the first address line of the registered details when printing
statements, notices, advices etc.
Where the holding is to be registered in joint names, the names are to be linked by a plus “+”
sign. This plus sign will be converted to an ampersand “&” by Participant and share registry
systems when printing the security holder name and address details. The ampersand cannot be
used to link the names of joint holders, because it is used in many company names. The “+”
sign should not replace the “&” when it is part of the company name.
4.2.3 Holder Names
Titles may be included (E.g. Mr, Mrs, Miss, Ms etc.)
CSN GUIDE 11 of 20
When the holder is a person:
Full name to be used where possible
One given name must be provided for each holder
Neither the first given name nor the second given name (where present) are to be
initials. Third or subsequent given names may be abbreviated to initials or omitted if
space is an issue.
Incomplete or abbreviated names may cause failures in the name matching processing
or creation of a duplicate CSN
Details of persons are to be registered in the following order:
1) Title if present
2) Given names in full followed by
3) The Surname
When a holder is a company:
The full registered company name is to be used
Acceptable abbreviations include “INC” for Incorporated and “LTD” for Limited
4.2.4 Designated Holdings
Companies are sometimes asked to register a designated holding or split an existing holding
appearing in the register of members into several separately designated holdings in the same
name, each with a designated holding to bear a unique reference (E.g. NO 2 ACCOUNT).
Care must be taken, as no designation reference should be capable of being construed as the
entry on the register of a notice of trust, expressed, implied or constructive as required by the
Companies Act 1993. In general, BaNCS will reject CSN allocation requests that identify the
holder names or account designation as a trust.
4.2.5 Account Designations
Where a designation is required to be recorded after the holding name or names (E.g. “NO 2
ACCOUNT”) it must be included on a separate line of up to a maximum of 30 characters of
information
The following rules apply:
The designation must be contained within the angle brackets “< >”
The word ACCOUNT may be abbreviated to A/C or ACCT
The comma used to separate the registered name or names from the address should be
inserted after the closing angle bracket containing any designation
CSN GUIDE 12 of 20
4.2.6 Address
The registered name and address details are to be wet out in the lines of information in such a
way as to allow the name and address to be immediately usable by Participants and the share
registry computer systems for mailing purposes.
Whenever difficulties are encountered with recording the name and address details because of
insufficient space, normal business practice abbreviations may be used in the address. This is
provided that the end result supplies sufficient information for the registered address to be used
by postal authorities for mailing purposes.
The following rules apply:
The registered address details should always be in full without abbreviation, whenever
space permits
The last line of all addresses must contain the town or city
Post code and country code are separate fields in BaNCS messages and must not be
included in the address. Postcodes are not validated by BaNCS and are passed to the
share registry as submitted. Share registries may validate post codes at their discretion
Country codes are 3 character ISO 3166-1 codes
4.3 Share Registry Validation of Outward Transfer Requests
For existing shareholders, name matching is performed by the share registries on receipt of an
outward transfer. The shareholder number is verified by matching the name on the shareholding
with the first 30 characters of Name and Address.
Methods used by share registries for matching the name are:
1) The registry reduces the 30 characters of line 1 of name and address to the first 12
characters of the shareholder last name or company name by removing all titles,
insignificant characters and other qualifications (E.g. Spaces, Mr, Mrs, Deceased,
Estate, Ltd, Company etc.). This is compared with the 12 character shareholder search
key of the shareholding referenced by the shareholder number in the BaNCS request
message. An exact match is required.
2) The registry scans the 30 characters of line 1 of name and address and removes all
titles, insignificant characters and other qualifications as in method 1. The same
algorithm is applied to the name on the shareholding referenced by the shareholder
number in the BaNCS message request. The first 12 characters of the resulting
character strings (each padded with trailing spaces if less than 12 characters are
produced) are compared. An exact match is required.
Share registries return registration details to BaNCS in MT544 and MT535 messages. The
registration details returned to BaNCS must confirm to these formatting rules.
For new holders sending in Long Form COTs, the registry will check all details confirm to their
requirements for the accurate format of names, and sufficient address details for mailing
purposes.
CSN GUIDE 13 of 20
5. Similarity Checking The primary purpose of similarity checking during the creation of a CSN is to minimize the risk
of duplication of CSN’s for any one holder. Similarity checking provides the tool for a Participant
to prevent this, but they can still override the evidence presented and create a duplicate if they
wish.
Similarity checking is performed during CSN creation. If one of more existing CSN’s satisfies the
similarity check, the existing CSN or CSN’s and details are returned to the user, and the user
can decide if any of these are a true duplicate. If so, they can cancel their CSN creation. If not,
the user can proceed and force the creation of the new CSN.
BaNCS users the “Soundex” algorithm to generate database indexes to assist identification of
name similarities. The Soundex code makes use of surname and first Christian name for
people, or the first two significant words of the name for companies. For Nominee CSN’s
portions of the account designation are also included in the database indexes to provide a finer
grained search result.
Candidates for similarities are those CSN holders that have matching identifications or matching
Soundex codes for their names.
Where no similarities are found, a CSN allocation request will be successful on the first attempt.
CSN GUIDE 14 of 20
Appendix 1
The following table lists those words and phrases that BaNCS will use to recognise Company
holder names. Please note that this list may change over time as new terms are added.
ASSN
ASSOCIATION
ASSOC
BISHOP OF
CENTER
CHARITABLE TRUST
CH TRUST
COMMUNITY TRUST
CORP
CORPORATION
COY
COMPANY
CO LTD
COY LTD
COY LIMITED
COMPANY LTD
COMPANY LIMITED
CREDIT UNION
DEVELOPMENT
EDUCATION TRUST
EDUCATIONAL TRUST
FNDN
FOUNDATION
FRIENDLY SOCIETY
HEALTH BOARD
HOSPITAL
HOSPICE TRUST
INC
INCORPORATED
CSN GUIDE 15 of 20
INCORPORATION
INSTITUTE
INV FUND
INVESTMENT FUND
INV TRUST
LIFESAVING TRUST
LLC
LTD
LIMITED
LP
L.P.
LIMITED PARTNERSHIP
LUTHERAN CHURCH
MEDICAL CARE SOCIETY
MEMORIAL TRUST
MINISTRY
MINISTRIES
NATIONAL TRUST
NO LIABILITY
NL
N.L.
PHILATELIC
PTY
PROPRIETARY
REGIONAL COUNCIL
SCHOLARSHIP TRUST
SERVICES
SUPER FUND
SUPERANNUATION FUND
TRUST BOARD
TRUST FUND
WELFARE TRUST
CSN GUIDE 16 of 20
Appendix 2
Detailed below are some examples of acceptable name and address layout registration details
together with comments for the guidance of share registries and participants.
Name and Address Postcode Country Code
MR GORDON JOHNSTONE SMITH, 101 TARANAKI STREET WELLINGTON
6011 NZL
Standard type of registration. The last line of all New Zealand addresses must contain the town or city.
MR GORDON JOHNSTONE PATRICK SMITH, 101 TARANAKI STREET WELLINGTON
6011 NZL
Always enter the FULL name of the holder. If insufficient space on the first line, continue on to the second line with a comma to identify the end of the name field. The address details are to commence on the next line and not on the same line in which the name finishes where space permits.
MR GORDON JOHNSTONE SMITH + MRS ROSEANNE MARY SMITH <NO 2 ACCOUNT>, 101 TARANAKI STREET WELLINGTON
6011 NZL
Joint holding with an account designation. A plus sign “+” is to be inserted between joint holder names and not an ampersand “&”. The comma is to be inserted after the closing account designation angle bracket “>”.
MR GORDON JOHNSTONE SMITH, 66 WICKENHOUSE YARD LONDON UNITED KINGDOM
W1X 2AN GBR
Overseas holder with an overseas country code included. The overseas postcode and full country name or a widely recognised abbreviation such as USA must be included in the address field.
MR GUY HENRY BELL-PEARSON + MR WILLIAM BROWN O’REILLY, UNIT 5 101 TARANAKI STREET WELLINGTON
6011 NZL
Punctuation such as hyphens used to link names together and apostrophes used in names such as O’Reilly can be included. No spaces should be left between hyphens and apostrophes and the names, as shown above. A common can only be used to indicate the end of the name.
MRS DOROTHY LOUISE MARIA BLACK , 101 QUEEN STREET AUCKLAND
1010 NZL
CSN GUIDE 17 of 20
Where the name uses the full 30 characters on the first line, the comma may be placed as the first character on the next line.
MR JACK SMITH + MISS ANA BLACK, 101 QUEEN STREET AUCKLAND
1010 NZL
Joint holders with short names are to be included on separate lines where possible.
REGULAR GOLD TRUSTEES NOMINEES LIMITED + MR JACK SMITH, PO BOX 1234 AUCKLAND
1010 NZL
Joint holdings may include the second holder’s name on the second line.
CHRISTCHURCH SIGNMAKING SHOP & SIGNATURE PROMOTIONS COMPANY LIMITED, PO BOX 1234 CHRISTCHURCH
8140 NZL
Where the holder’s name extends past the first line, the comma must be inserted at the end of the holder’s name. The “&” in the company name must not be replaced with a “+”.
MERLIN HOLDERS (WELLINGTON) COMPANY LIMITED <BLACK SUPERFUND ACCOUNT> 101 TARANAKI STREET WELLINGTON
6011 NZL
Account Designations must be contained within the opening and close angle brackets “< >”. The comma must be inserted immediately after the closing account designation angle bracket.
JACK BLACK & COMPANY LIMITED, PO BOX 3456 AUCKLAND
1140 NZL
An ampersand “&” must be used within the name of the company if it is included in the legally incorporated name.
PROF JACK TOD BLACKSMITH + MRS LOUISE BLACKSMITH + MR JACK TOD BLACKSMITH (JNR), 101 QUEEN STREET AUCKLAND
1010 NZL
A joint holding is to be entered in full and not as MR & MRS JACK AND LOUISE BLACK. Titles should always be included and in many cases it will be necessary to abbreviate (E.g. Professor to PROF, Captain to CAPT, Junior to JNR and Senior to SNR).
MISS MARIA JANE MCMILLAN, UNIT 7 101 TORY STREET WELLINGTON
6011 NZL
Surnames with a space such as Mc Millan must be included as one word with no space being left, as this would result in the surname being recorded as MILLAN.
CSN GUIDE 18 of 20
NEW ZEALAND GRAPE GROWING VINEYARDS BODY GROUPS LTD, PO BOX 2345 AUCKLAND
1140 NZL
Company names can only be abbreviated by the use of legally acceptable abbreviations such as COY and LTD.
MR ROBERT RILEY C/- PERFORMANCE PARTNERS 100 MACQUARIE STREET SYDNEY NSW
2000 AUS
If an address is to be care of, it should be shown as C/- or C/O.
INFORMATION & MAPS GROUP EXPANSION DIVISION COMPANY OF NEW ZEALAND GROUP COMPANY LTD, C/- JACK BLACK INV MGT DEPT LEVEL 25/266 APPLICATION BLVD WASHINGTON DC
123456 USA
Where an address is too long to fit in the remaining lines, it may be abbreviated but must be able to be used by postal authorities for mailing purposes. The address should commence on a separate line and not on the same line in which the name finishes, if space permits.
CSN GUIDE 19 of 20
Appendix 3
When processing a Long Form COT, full names are to be entered where space permits. Where
this is not possible, the rules are outlined below:
Registration detail rules:
1) First name in full
2) If present second in in full
3) If present third and subsequent name(s) may be abbreviated if space is limited
For example:
Jayne Louise Maria Blacksmith
Jayne Louise M Blacksmith
Jayne Louise Blacksmith
Guy Henry Blacksmith
Guy Blacksmith
Jack Todd Gordon Johnstone Blacksmith
Jack Todd Gordon J Blacksmith
Jack Todd G J Blacksmith
Jack Todd Blacksmith