CUSIP® is the universally accepted standard for classifying financial instruments across institutions and exchanges worldwide, providing universally recognized identification for more than 44 million unique financial instruments.
- Standardized descriptions and up to 60 data attributes for over 8 million securities offered in the U.S. and Canada.
- 50 years of information on corporate capital changes in the U.S. and Canada.
- A directory of legal entity data for issuers, obligors and counterparties, including a link to the official LEI (Legal Entity Identifier) where available.
- RED Codes that identify reference entities for credit default swaps.
The CUSIP system provides identification and descriptive information for over 14 million financial instruments supporting all phases of securities processing and analysis and covering a wide range of global financial instruments.
- Coverage of corporate, government, municipal and international securities; IPOs; preferred stock; funds; CDs; equity and debt issues; derivatives; U.S. and Canadian listed equity options; and syndicated loans.
- CGS International Numbering System (CINS) for over 10 million global instruments.
- CGS ISINs for over 6 million instruments.
CGS identifiers ensure that essential front- and back-office functions run smoothly, enabling custodians and sub-custodians to easily communicate, manage and examine the details of a transaction for accurate and efficient clearance and settlement.
- 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.
- Processing associated with income payments made during the lifecycle of an issue.
- Depositories to accurately manage transactions and examine historical data.
What’s in a CUSIP?
Universally recognized identifier for financial instruments.
CUSIPs are 9-character identifiers that capture an issue’s important differentiating characteristics within a common structure.
Structure of a CUSIP
CGS provides a 9-character standard CUSIP identifier for issuers and their financial instruments offered in the U.S. and Canada
Example: Amazon.com Inc - Common Stock
What’s in a CGS CINS?
CUSIP International Numbering System.
CGS CINS is a 9-character alphanumeric identifier that employs the same 9 characters as CUSIP, but also contains a letter of the alphabet in the first position signifying the issuer’s country or geographic region. CGS CINS was developed in 1989 as an extension to CUSIP in response to U.S. demand for global coverage, and is the local identifier of more than 30 non-North American markets.
Structure of a CGS CINS
CGS provides a 9-character standard CGS CINS identifier for more than 30 non-North American issuers and their financial instruments
Example: Abingdon Capital PLC - Shares
What’s in a CGS ISIN?
Participation in the assignment of CGS International Securities Identification Numbers.
A CGS ISIN is a unique global code that identifies instruments to facilitate cross-border trading. There are currently over 120 recognized National Numbering Agencies (NNAs) throughout the world which are responsible for the assignment of ISINs in their respective countries. CGS is responsible for the assignment of ISINs in the U.S. and in other areas where designated or appointed.
CGS has agents in countries such as Canada, Bermuda and the Cayman Islands and is also the representative agency for many countries in the Caribbean and Pacific region. Because of this, it was necessary to develop a separate identification system to designate CGS-assigned securities from these jurisdictions. A CUSIP or CINS identifier will always be in position 3 to 11 of a CGS ISIN.
Structure of an ISIN
A global uniform unique code that identifies instruments to facilitate cross-border trading
CGS Sub-NNA CodesCGS Sub-NNA Country Code
ISO rules govern designation of the ISO Country Code:
For Equity Issues: the country where the entity is incorporated.
For Domestic Debt Issues: the country where the lead manager is located.
For International Debt Issues: the country where the Central Securities Depository is located.
The Local Identifier is assigned by the individual NNA.
Structure of an ISIN assigned by CGS
ISIN based on CUSIP or CINS
Example: Amazon.com Inc - Common Stock
Example: Air Canada Inc - Class A Shares
Example: Cryptolab Capital (Cayman) Ltd
What’s in a CABRE?
CABRE is a combined effort by CGS and DTCC/Avox to provide a universal identification system for global business entities.
The CABRE Directory uses a new standard code to identify issuers, obligors and counterparties and on a global basis.
An acronym for CUSIP Avox Business Reference Entity identifier, CABRE has been designed to address market need for the lack of an accepted universal identification system.
With regulatory oversight continuing to focus on single-name exposure and the need to identify issuers, obligors and counterparties, interest in the CABRE identifier has dramatically increased since CGS and DTCC/Avox announced their partnership in 2009. The financial industry recognizes CGS' extensive classification expertise and the value of DTCC/Avox's validation processes and methodology.
The CABRE identifier has been designed as a 10-character code that contains the 2-character ISO domicile code based on the location of the entity and embeds the CUSIP issuer number, when available. The service is offered to global market participants in either a bulk-file or portfolio format. The goal for CGS and DTCC/Avox is to identify every institution involved in the lifecycle of a financial instrument.
The availability of a CABRE for each entity location helps clients manage diverse areas of their organizations, such as financial controls, risk management, anti-money laundering and operations.
For More Information:
Director of Product
Market and Business Development
CGS identifiers cover a wide range of global financial instruments, including extensive equity and debt issues, derivatives, syndicated loans and U.S. / Canadian listed equity options and single stock futures.
General Interest Instrument Types
- American Depository Receipts
- Common Shares
- Exchange Traded Funds
- Limited Partnerships
- Listed options - US and Canada
- Single Stock Options
- Mutual Funds
- Preferred Shares
- Real Estate Investment Trusts
- Unit Investment Trusts
- Asset-Backed Securities
- Bankers Acceptances
- Certificates of Deposit
- Collateralized Debt Obligations
- Commercial Paper
- Corporate Bonds
- Medium-Term Notes
- Mortgage-Backed Securities
- Municipal Bonds
- Structured Products
- Syndicated Loans
- U.S. Federal Government Agencies
- U.S. Treasuries: Bonds, Bills, Notes
- Captial Securities (Hybrids)
- Credit Derivatives (CLIPS)
- Equity Linked Notes (Hybrids)
- Hedge Funds
- Restricted Issues: 144A Reg D & Reg S Private Securities
- Trust Preferred (Hybrids)
- Variable Annuities and Other Insurance-Related