Committee on Uniform Securities Identification Procedures

Committee on Uniform Securities Identification Procedures - The Committee on Uniform Securities Identification Procedures is also known as CUSIP. The acronym refers to not only the name, but also to the alphanumeric nine character security identifiers, they distribute throughout North America for securities. These securities are for settlement and clearing of trades. The CUSIP system is owned by the American Bankers Association and is operated by Standard and Poors. This coding system serves as a securities identification number for products issued in Canada and the United States. CUSIP is a national numbering service for North America and it issues all securities identification numbers - each one specific to the coding.