CUSIP System

The CUSIP system is a way to identify financial instruments like stocks and bonds in the United States. CUSIP stands for Committee on Uniform Securities Identification Procedures. Each security is assigned a unique alphanumeric code, known as a CUSIP number, which helps investors and institutions track and manage these assets. Essentially, it's like a fingerprint for each investment, making it easier to trade, settle, and report transactions accurately. The CUSIP system enhances efficiency and reduces errors in financial markets.