MFN can assist with obtaining a CUSIP number. A CUSIP number is a 9 digit or alphanumeric code. CUSIP is used to classify or categorize securities of the United States and Canada, or more broadly ‘North America’. CUSIPs, like ISIN codes, are used to facilitate clearing and settlement of securities trading and are allocated in the United States. CUSIP numbers are assigned to publicly traded companies to private companies and funds such as hedge funds, mutual funds, as well as those that issue stocks, bonds, notes and others. MFN can assist your company with the needed documentation in order to apply for a CUSIP, such as a private placement memorandum, or offering memorandum or prospectus or equivalent document.
Why Apply and Get a CUSIP
Companies apply and get CUSIP numbers for many reasons, and CUSIPs help with:
- identifying millions of financial instruments.
- Covering corporate, government, municipal and international securities as well as initial public offerings, preferred stock, funds, CDs and competitive/negotiated deals, derivatives, U.S. listed equity options and syndicated loans and foreign companies and funds.
- Analysts, and holders, as well as brokers to identify and access issue-specific data.
- Custodians and sub-custodians to communicate on securities related transactions.
- Depositories to manage transactions and examine historical data.
The CUSIP distribution system is owned by the American Bankers Association, and is operated by Standard & Poor’s.