The acronym cusip typically refers to both the Committee on Uniform Security Identification Procedures and the 9 character alphanumeric security identifiers that they distribute for all North American securities for the purposes of facilitating clearing and settlement of trades.
The cusip distribution system is owned by the American Bankers Association and is operated by Standard & Poor. The cusip Service Bureau acts as the National Numbering Association for North America, and the cusip serves as the National Securities Identification Number for products issued from both the United States and Canada.
In the 1980s there was an attempt to expand the cusip system for international securities as well. The resulting cusip International Numbering System has seen little use as it was introduced at about the same time as the truly international system, identifiers do appear in the directory.
CUSIP stands for Committee on Uniform Securities Identification Procedures. A CUSIP number identifies most securities, including stocks of all registered U.S. and Canadian companies, and U.S. government and municipal bonds. The CUSIP system owned by the American Bankers Association and operated by Standard & Poor facilitates the clearing and settlement process of securities.
The number consists of nine characters including letters and numbers that uniquely identify a company or issuer and the type of security. A similar system is used to identify foreign securities CUSIP International Numbering System.
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