Committee on Uniform Security Identification Procedures (CUSIP) - Financial definition
Financial acronyms
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Concise definition of the term Committee on Uniform Security Identification Procedures
The CUSIP is a 9-character financial instruments code used exclusively in North America.
Comprehensive definition of the term Committee on Uniform Security Identification Procedures
CUSIP is the main identifier for negotiable securities in North America, a bit like the ISIN code is in Europe.
It is composed of 9 alphanumerical characters, which are structured as follows:
Characters 1-6 - Issuer code
Characters 7-8 - Issue identification
Generally, numbers for equities and letters for fixed income. For commercial papers the first of the two characters is letter code of the maturity month,
the second is the day of the maturity date, with letters used for numbers over 9.
Character 9 - Check digit