Солтүстік Америкалық қаржы құралдарын анықтайтын код

Code identifying a North American financial security

A CUSIP ('/k//j//uː//s//ɪ//p/) is a nine character numeric or alphanumeric code (e. g. 037833100 for Apple) that uniquely identifies a North American financial security for the purposes of facilitating clearing and settlement of trades. All CUSIP identifiers are fungible, which means that a unique CUSIP identifier for each individual security stays the same, regardless of the exchange where the shares were purchased or venue on which the shares were traded. CUSIP was adopted as an American national standard by the Accredited Standards Committee X9 and is designated ANSI X9.6. CUSIP was re approved as an ANSI standard in December 2020. The acronym derives from Committee on Uniform Security Identification Procedures. The CUSIP system is owned by the American Bankers Association (ABA) and is operated by FactSet Research Systems Inc. The operating body, CUSIP Global Services (CGS), also serves as the national numbering agency (NNA) for North America, and the CUSIP serves as the National Securities Identification Number (NSIN) for products issued from both the United States and Canada. In its role as the NNA, CUSIP Global Services (CGS) also assigns all US based ISINs.

The origins of the CUSIP system go back to 1964, when the financial markets were dealing with what was known as the securities settlement paper crunch on Wall Street. At that time, increased trading volumes of equity securities, which were settled by the exchange of paper stock certificates, caused a backlog in clearing and settlement activities. In fact, stock markets had to close early on some days just to allow back office processing to keep pace. To address the challenge, the New York Clearing House Association approached the ABA to develop a more efficient system for the trading, clearing, and settlement of securities trades by uniquely identifying all current and future securities. Their work was unveiled four years later, in December 1968, with the first publication of the CUSIP directory. Over the ensuing years, a growing number of market authorities and regulators came to recognize the value of the CUSIP system and embrace its usage. With sustained reinvestment from the operators of the CUSIP system, CUSIP coverage has steadily grown over the years. It now includes following asset classes: government, municipal, and international securities (through the CUSIP International Numbering System, or CINS); initial public offerings (IPOs); preferred stock; funds, certificates of deposit; syndicated loans; and US and Canadian listed options. The CGS databased contains issuer and issue level identifiers, plus standardized descriptive data, for more than 62 million financial instruments and entities. CGS is also the designation numbering agency responsible for assigning the ISIN in over 35 countries. CUSIP operates with insight and guidance from the industry appointed CUSIP Board of Trustees, made up of senior level operations and data executives from major banks and other financial institutions.

In November 2009, the European Commission charged S&P Capital IQ with abusing its position as the sole provider of ISIN codes for U. S. securities by requiring European financial firms (in the European Economic Area) and data vendors to pay licensing fees for their use. The European Commission described the behavior as unfair pricing, noting that in cases such as clearing or regulatory compliance, there are no acceptable alternatives. In its formal statement of objections, the European Commission alleged that S&P Capital IQ was abusing its position by requiring financial services companies and information service providers to pay license fees for the use of U. S. ISINs. The European Commission claimed that comparable agencies elsewhere in the world either do not charge fees at all, or do so on the basis of distribution cost, rather than usage. While strongly disagreeing with the European Commission, CGS/S&P Capital IQ offered to create a low cost, low value feed of certain US ISINs for use by market participants in the European Economic Area. A formal agreement was reached on November 15, 2011.