National Market System

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Definition / Meaning of

Committee On Uniform Security Identification Procedures (CUSIP) Service Bureau

Categories: Stocks,

The CUSIP Service Bureau, operated by Standard & Poor's for the american bankers association, exists for the primary purpose of uniquely identifying issuers and issues of financial instruments within a standard framework, and disseminating this data to the financial marketplace via various media. cusip numbers and standardized descriptions are used by virtually all sectors of the financial industry, and are critical for the accurate and efficient clearance and settlement of securities as well as back-office processing.

The CUSIP Service Bureau seeks to assign unique numbers and standardized descriptions in a timely and accurate manner, using its best efforts to use primary or reliable sources of information. However, because of the possibility of human or mechanical error by securities issuers, CUSlP's sources, Standard & Poor's or others, neither Standard & Poor's nor the american bankers association guarantees the accuracy, adequacy or completeness of any information, and Standard & Poor's and the american bankers association are not responsible for any errors or omissions or for the results obtained from use of such information.