Universally recognized identifier for financial instruments
Derived from the Committee on Uniform Security Identification Procedures, CUSIPs are 9-character identifiers that capture an issue's important differentiating characteristics for issuers and their financial instruments in the U.S. and Canada.
Example: FactSet Research Systems Inc ￢ﾀﾔ Common Stock
Identifies the unique name of the:
- Company
- Municipality
- Agency
A hierarchical alpha numeric convention linked to alphabetic issuer name
Identifies the type of instrument:
- Equity
- Debt
Uniquely identifies the issues within the issuer
A hierarchical alpha numeric convention
A mathematical formula checks accuracy of the previous 8 characters
Delivers a 1 character check result
A unique identifier
International identifier for 30+ global markets
The CUSIP International Numbering System (CINS) is a 9-character alphanumeric identifier that employs the same 9 characters as CUSIP, but also contains a letter of the alphabet in the first position signifying the issuer's country or geographic region.
Example: Abingdon Capital PLC ￢ﾀﾔ Shares
Identifies the unique name of the territory.
CGS rules-based engine governs designation.
In this case: G ￢ﾀﾔ United Kingdom
Combined with Country Code, uniquely identifies the issuer.
In this case: Abingdon
Identifies the type of instrument.
Uniquely identifies the issues within the issuer.
A mathematical formula checks accuracy of the previous 8 characters, and delivers 1 character result.
A unique identifier
Global code for cross-border securities identification
There are currently over 120 recognized National Numbering Agencies (NNAs) throughout the world which are responsible for the assignment of ISINs in their respective countries. CGS is responsible for the assignment of ISINs in the U.S. and in other areas where designated or appointed.
Example: Air Canada Inc ￢ﾀﾔ Class A Shares
ISO rules govern designation of the ISO Country Code:
For Equity Issues: the country where the entity is incorporated.
For Domestic Debt Issues: the country where the lead manager is located.
For International Debt Issues: the country where the Central Securities Depository is located.
The Local Identifier is assigned by the individual NNA.
A CUSIP or CINS identifier will always appear in positions 3￢ﾀﾓ11 of a CGS ISIN.
Example: Amazon.com Inc ￢ﾀﾔ Common Stock
Example: Cryptolab Capital (Cayman) Ltd
CGS has agents in countries such as Canada, Bermuda and the Cayman Islands and is also the representative agency for many countries in the Caribbean and Pacific region. Because of this, it was necessary to develop a separate identification system to designate CGS-assigned securities from these jurisdictions. A CUSIP or CINS identifier will always be in position 3 to 11 of a CGS ISIN.
CGS Sub-NNA Country CodeLegal Entity Identifier
The Legal Entity Identifier (LEI) is a 20-character, alphanumeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). It connects to key reference information that enables the unambiguous identification of legal entities participating in financial transactions.
Example: Zippy Shell Incorporated
"Business Card" Information:
- Address: c/o Corporation Service Company, 251 Little Falls Drive, US-DE 19808
- Entity Status: Active
- Managing LOU: WM Datenservice (5299)
- Legal Form: Corporation
- Record State: Public_Sources
CUSIP Entity Identifier
The CUSIP Entity Identifier (CEI) is a 10-character code designed to uniquely identify legal entities in the syndicated loan market. CGS developed the CEI in collaboration with the Loan Syndications & Trading Association (LSTA) and emerging syndicated loan solution providers focused on modernizing the syndicated loan market.
The CEI ID structure is Alpha first character, Numeric second character, and the rest random while the last digit is a check-digit.
| Entity (Fund Manager) | CEI Alpha first character + Numeric second character + Random + Check Digit |
|---|---|
| BlackRock Inc | D27254GOL5 |
| Vanguard Group | T1L485SE52 |
| ABC Investments | B8954895F3 |
| State Street Global Advisors | G5645GT989 |
CEI Hierarchy
CEI Resources
There is no charge for the CEI issued to the registrant during the onboarding. Fees are charged for the CEIs issued to the entities for which the registrant requests such CEIs. The current CEI Registration and the Annual Renewal fee is:
| CEI Registration Tier | List Fee | Annual Renewal |
|---|---|---|
| 1 ￢ﾀﾓ 10 | $100 per request 1 | $50 per entity |
| 11 ￢ﾀﾓ 100 | $75 per request | $40 per entity |
| 101 ￢ﾀﾓ 250 | $65 per request | $35 per entity |
| 251 ￢ﾀﾓ 400 | $55 per request | $30 per entity |
| 401 ￢ﾀﾓ 500 | $45 per request | $20 per entity |
| 501+ | $35 per request | $15 per entity |
All fees are in US Dollars. Fees are effective January 1, 2025. CGS reserves the right to change fees at any time.
CEIs previously requested by the same requester in a calendar year will count towards the tier pricing of the new batch of requests if that next batch of requests occurs in the same calendar year. For example, if there is a request for 50 funds on March 1 and a request for 75 funds on Nov 1 then the 75 requests on Nov 1 would fall into the $65 per request fee band as the total number of CEI requests for the calendar year is 125. If all 125 funds are requested on March 1st the fee is $65 per request.
| Scenario 1 | 401 assigned @ $45 | 401 renewed @ $20 |
| Scenario 2 | 125 assigned @ $65 | 125 renewed @ $35 |
| Scenario 3 | 10 assigned @ $100 | 10 renewed @ $50 |
| Scenario 4 |
If a customer requests 100 CEIs in March and 200 new CEIs in August: 100 new CEIs assigned in March @ $75 = $7,500 200 new CEIs assigned in Aug @ $55 = $11,000 If the request in March was all 300 entities, then it would be $55 per record. Annual Maintenance for the 300 records would be: $30 per record. |
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CGS identifiers cover a wide range of global financial instruments, including extensive equity and debt issues, derivatives, syndicated loans and U.S. / Canadian listed equity options and single stock futures.
| Equity Instruments | Debt Instruments | Other Instruments |
|---|---|---|
| American Depository Receipts | Asset-Backed Securities | Capital Securities (Hybrids) |
| Common Shares | Bankers Acceptances | Credit Derivatives (CLIPS) |
| Exchange-Traded Funds | Certificates of Deposit | Derivatives |
| Indices | Collateralized Debt Obligations | Equity-Linked Notes (Hybrids) |
| Limited Partnerships | Commercial Paper | Hedge Funds |
| Listed Options (US and Canada) | Corporate Bonds | Restricted Issues (144A Reg D & Reg S Private Securities) |
| Single-Stock Options | Medium-Term Notes | Trust Preferred (Hybrids) |
| Mutual Funds | Mortgage-Backed Securities | Variable Annuities and Insurance-Related Vehicles |
| Preferred Shares | Municipal Bonds | |
| Real Estate Investment Trusts | Structured Products | |
| Rights | Syndicated Loans | |
| Unit Investment Trusts | U.S. Federal Government Agencies | |
| Warrants | U.S. Treasuries (Bonds, Bills, Notes) |
- American Depository Receipts
- Common Shares
- Exchange-Traded Funds
- Indices
- Limited Partnerships
- Listed Options (US and Canada)
- Single-Stock Options
- Mutual Funds
- Preferred Shares
- Real Estate Investment Trusts
- Rights
- Unit Investment Trusts
- Warrants
- Asset-Backed Securities
- Bankers Acceptances
- Certificates of Deposit
- Collateralized Debt Obligations
- Commercial Paper
- Corporate Bonds
- Medium-Term Notes
- Mortgage-Backed Securities
- Municipal Bonds
- Structured Products
- Syndicated Loans
- U.S. Federal Government Agencies
- U.S. Treasuries (Bonds, Bills, Notes)
- Capital Securities (Hybrids)
- Credit Derivatives (CLIPS)
- Derivatives
- Equity-Linked Notes (Hybrids)
- Hedge Funds
- Restricted Issues (144A Reg D & Reg S Private Securities)
- Trust Preferred (Hybrids)
- Variable Annuities and Insurance-Related Vehicles