- Introduction
- CUSIP
Service Bureau : Mission Statement
Copyright
Background
to the development of the CUSIP numbering system
Development of the CUSIP Number (Member
section)
Who endorses the CUSIP numbering system? (Member
section)
Who controls the CUSIP numbering system? (Member
section)
What securities are covered by the CUSIP numbering system? (Member
section)
What do I send to CUSIP? (Member
section)
Corporates (Member
section)
Municipals (Member
section)
Additional CUSIP Coverage (Member
section)
Canadian Issues (Member
section)
TBA Securities (Member
section)
International Issues (Member
section)
Private Placements (Member
section)
The CUSIP numbering system (Member
section)
Issuer Number (Member
section)
The Issue Number (Member
section)
Issue Numbers for Equity Securities (Member
section)
Issue Numbers for Fixed Income Securities (Member
section)
Issue Numbers Reserved for Internal Use (Member
section)
Equity Issues (Member
section)
Fixed Income Issues (Member
section)
Check Digit (Member
section)
CUSIP Agency - Board of Trustees (Member
section)
ABA Staff (Member section)
- Introduction
- CUSIP
Service Bureau : Mission Statement
- The CUSIP Service Bureau, operated by
Standard & Poor's for the American Bankers Association, exists
for the primary purpose of uniquely identifying issuers and issues
of financial instruments within a standard framework, and disseminating
this data to the financial marketplace via various media. CUSIP numbers
and standardized descriptions are used by virtually all sectors of
the financial industry, and are critical for the accurate and efficient
clearance and settlement of securities as well as back-office processing.
- The CUSIP Service Bureau seeks to assign
unique numbers and standardized descriptions in a timely and accurate
manner, using its best efforts to use primary or reliable sources
of information. However, because of the possibility of human or mechanical
error by securities issuers, CUSlP's sources, Standard & Poor's
or others, neither Standard & Poor's nor the American Bankers
Association guarantees the accuracy, adequacy or completeness of any
information, and Standard & Poor's and the American Bankers Association
are not responsible for any errors or omissions or for the results
obtained from use of such information.
-
- Copyright
- Subscribers acknowledge that the Service
to be provided under a CUSIP Agreement contains information obtained,
selected, arranged and published by Standard & Poor's (S&P),
under authority from the American Bankers Association, and according
to methods and procedures developed and used by S&P, all at the
expenditure of substantial amounts of work, time and money. Subscriber
agrees to protect the proprietary and copyright position of S&P,
and of the American Bankers Association, during the existence, and
after the termination, of this Agreement. Subscriber agrees that without
S&P's prior written consent, Subscriber shall not transfer or
sell such information or copies thereof, or extracts therefrom, or
summaries thereof, to any other person or organization, or permit
any other person or organization to use or distribute such information.
Subscriber represents and agrees it shall not publish or make distribution
copies of, or distribute, any or all of the information provided Subscriber
hereunder in any form, provided, however, that this Agreement shall
not be deemed to prohibit the use by Subscriber of CUSIP uniform descriptions
and CUSIP numbers in the normal internal processing of security transactions
of business of Subscriber.
-
- Background
to the development of the CUSIP numbering system
- In 1962, after many informal discussions
with members of the financial community, the New York Clearing House
Association established a Securities Procedures Committee to study
the question of developing a standard method of identifying securities.
This Committee concluded that a uniform securities identification
system was feasible and timely and because of the magnitude of the
problems to be solved and their far-reaching implications the development
of the system should involve the cooperation and support of the entire
financial community.
- The Clearing House approached The American
Bankers Association's Department of Automation to develop the system.
In July 1964, the A.B.A.'s Committee on Uniform Security Identification
Procedures (CUSIP) was created under the chairmanship of John L. Gibbons,
Chairman of the Trust Committee of Chemical Bank New York Trust Company.
The main goals of the CUSIP Committee were to develop ..................
More
information is provided in the Member Area
Recommended further reading:
Cashing
negotiable instruments
The Money Market
Behind the Money Market: Clearing
and Settling Money Market Instruments
Security Identifiers (Screens)
Books
on Financial Instruments
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