CUSIP Meaning and
Definition
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CUSIP is an acronym for "Committee on Uniform Securities Identification Procedures." It refers to a unique nine-character alpha-numeric code that is assigned to every north American security, including stocks, bonds, and other financial instruments. The purpose of CUSIP is to create a standardized system for identifying and distinguishing different securities, facilitating efficient trading and settlement processes within the financial industry.
The CUSIP code is a vital tool for investors, brokers, and other financial professionals as it allows them to easily identify and track specific securities. It consists of three parts: the six-digit issuer code, which identifies the company or entity that issued the security; a two-digit issue number, which differentiates various securities from the same issuer; and a final check digit, generated using a mathematical formula to ensure accuracy.
CUSIP codes play a crucial role in various financial activities, including portfolio management, trading, and regulatory compliance. They help investors and traders to quickly look up key information and track the performance of securities in their portfolios. Furthermore, these codes assist in settling trades, as they provide a unique identifier that ensures accurate and timely completion of transactions.
Overall, the CUSIP system is an essential component of the financial industry infrastructure, providing a framework for efficient identification and tracking of securities traded in North America.
Common Misspellings for CUSIP
- cusi-p
- cusiip
- CeSIP
- CqSIP
- CwSIP
- CtSIP
- CUcIP
- CUqIP
- CUSyP
- CUSmP
- CUShP
- CUSIx
- CUSIt
- CUSIr
- CUSIq
- c usip
- cu sip
- cus ip
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