In July 1964, the New York Clearing House Association approached the American Bankers Association to develop a way to improve operating efficiencies across the industry by developing a standard method of identifying securities. The Committee on Uniform Security Identification Procedures (CUSIP) was created to work on this issue.
This resulted in the establishment of the CUSIP system and, in 1968, the CUSIP Service Bureau was formed to administer the system. Over the years, the organization's core competencies in securities identification and data management, as well as their strong relationships with industry stakeholders positioned it as a catalyst for innovation. As coverage expanded to include new financial instruments and geographies, CGS emerged as the overarching entity for all CUSIP offerings.
of CUSIP Global Services
CUSIP system is established. The New York Clearing House Association approaches the ABA to develop the Committee on Uniform Security Identification Procedures (CUSIP).
CSB (now CGS) was formed. ABA selects Standard & Poor’s (now S&P Global Market Intelligence) to manage CGS.
All clearing corporations begin using CUSIPs, making them the mandatory identifier for all brokerage firms.
The Federal Reserve Bank’s automated book entry system uses CUSIPs to accelerate the transfer of United States Treasury Securities.
The SEC establishes a lost and stolen securities recovery program using CUSIPs.
The MSRB rules that all trade confirmations of municipal bonds must have a CUSIP identifier
CUSIPs are assigned to Certificates of Deposit (CDs).
The National Securities Clearing Corporation establishes an electronic transfer program for municipal bonds based on CUSIPs, replacing paper certificates.
CUSIP International Numbering System (CINS) is introduced for non-North American securities actively traded internationally.
Private Placement Numbers (PPNs) for the National Association of Insurance Commissioners are assigned.
CUSIPs are assigned to commercial paper issues.
CUSIP Xpress enables one-hour requests for straight-through processing.
CUSIPs are assigned to private limited partnerships for the Securities Pricing and Reporting Service (SPAR).
CUSIPs are assigned to corporate transferable and non-transferable securities for the Midwest Securities Clearing Corporation.
CUSIPs are assigned to bankers acceptances.
CUSIPs are assigned to TBAs (To Be Announced) for Federal Agency Mortgage Pools.
CLIPS/RED CUSIP-like identifiers are assigned to credit default swap entities in joint effort with Markit Partners.
CUSIPs are assigned to indices.
CUSIPs are assigned to syndicated loans.
144A Service is launched providing CUSIPs for 144A, Accredited Investor and Registered issues, and CINS for Regulation S issues
CGS Municipal Issuer Access is launched
CGS CUSIP New Issue Alert is launched.
CGS Business Entity Identifiers are launched.
CGS expands TBA algorithm to cover new types of federal agency pools.
CGS launches its Hedge Fund Service to uniquely identify over 11,000 hedge fund products.
CGS takes prominent standards role in development of global Legal Entity Identifiers.
CUSIPs are assigned to private placements (crowdfunding).
CGS issues CUSIPs for physical precious metals.
CGS becomes an investor in the Derivative Service Bureau (DSB).
CUSIP PULSE, data feed offering real-time dissemination of CGS identifiers, is launched.
CGS adds Government Stimulus Program coverage.
CGS adds Green Bond Indicator fields.
FactSet acquires CUSIP Global Services from S&P Global, becoming just the second operator to manage the CUSIP system.
The CUSIP Entity Identifier (CEI) is launched to uniquely identify legal entities in the syndicated loan market.