Cusip
The acronym
CUSIP
typically refers to both the
Committee on Uniform Security Identification Procedures
and the 9-digit
alphanumeric
security identifiers that they distribute for all
North American
security
issues
for the purposes of facilitating
clearing
and
settlement
of trades. The CUSIP distribution system is owned by the
American Bankers Association
and is operated by
Standard and Poor's
. The CUSIP Services Bureau acts as the National Numbering Association (
NNA
) for North America, and the CUSIP serves as the
National Securities Identification Number
for products issued from both the
United States
and
Canada
.
Makeup
The first six characters are known as the "base", and uniquely identify the issuer. The 7th and 8th digit identify the exact issue. The 9th digit is a automatically generated
check digit
(some clearing bodies ignore or truncate the last digit).
External links
Definition
from the
SEC
cusip.com
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