One Number. Innumerable Applications.

Consistency

CUSIP® is the universally accepted standard for classifying financial instruments across institutions and exchanges worldwide, providing universally recognized identification for more than 26 million unique financial instruments.

  • Standardized descriptions and up to 60 data attributes for over 8 million securities offered in the U.S. and Canada.
  • More than 45 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.

Coverage

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 9 million global instruments.
  • CGS ISINs for over 6 million instruments.

Efficiency

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

CUSIP Identifier Structure

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

CINS Identifier Structure

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 78 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, The Cayman Islands and Jamaica and is also the representative agency for countries in South America. Because of this, it was necessary to develop a separate identification system to designate CGS-assigned securities from these jurisdictions. A CUSIP or CGS 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

Example: Amazon.com Inc - Common Stock

ISIN Identifier Structure

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 CUSIPs

Example: Amazon.com Inc - Common Stock

ISIN Example: Amazon.com Inc - Common Stock

Example: Air Canada Inc - Class A Shares

ISIN Example: Air Canada Inc - Class A Shares

Example: Cable and Wireless Jamaica Limited - Shares

ISIN Example: Cable and Wireless Jamaica Limited - Shares

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:

Matthew Bastian
Director of Product
Market and Business Development
(212) 438-4072
matthew.bastian@cusip.com

Instrument Coverage

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

Equity

  • American Depository Receipts
  • Common Shares
  • Exchange Traded Funds
  • Indices
  • Limited Partnerships
  • Listed options - US and Canada
  • Single Stock Options
  • Mutual Funds
  • Preferred Shares
  • Real Estate Investment Trusts
  • Rights
  • Unit Investment Trusts
  • Warrants

Debt

  • 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

Other

  • Captial Securities (Hybrids)
  • Credit Derivatives (CLIPS)
  • Derivatives
  • Equity Linked Notes (Hybrids)
  • Hedge Funds
  • Restricted Issues: 144A Reg D & Reg S Private Securities
  • Trust Preferred (Hybrids)
  • Variable Annuities and Other Insurance-Related