CUSIP Advantages and Benefits
Why get a CUSIP number? What are the benefits?
CUSIPs brings coverage, consistency and expertise to the global securities marketplace offering:
- Universally recognized identification for more than 9.1 million unique financial instruments.
- Coverage of corporate, government, municipal and international securities; IPOs, preferred stock, funds, CDs and competitive/negotiated deals, derivatives, U.S. listed equity options and syndicated loans.
- Identifiers for U.S. government relief programs (FDIC TLGP, TARP, TALF and Build America Bonds).
- Standardized descriptions for up to 50 data attributes for over 6 million securities offered in the U.S. and Canada.
- More than 40 years of U.S. and Canadian corporate capital change information.
- Classification of Financial Instruments (CFI) codes to group instruments with similar features; for example, the CFI codes for equities include instrument groups such as shares, preferred stock, mutual funds and UITs, and instrument attributes such as voting rights and ownership.
- International Numbering System (CINS) for over 1 million global instruments.
- ISINs for over 4 million instruments. (see www.isin.net)
- Business Entity Identifiers for counterparties, issuers and obligors in global financial transactions (CABREs).
- RED Codes that identify credit default swap entities.
CUSIP number identifiers support the accurate and efficient clearance and settlement of securities, as well as processing associated with income payments made during the life cycle of an issue. Among many other things, they enable:
- Holders, analysts and brokers to rapidly identify and access issue-specific data.
- Custodians and sub-custodians to easily communicate on securities transactions.
- Depositories to accurately manage transactions and examine historical data.