It includes information on the meaning of the characters in the CUSIP number and why they are important.
What Is a CUSIP Number?
CUSIP numbers are nine characters in length, consisting of numbers and letters.
This system facilitates the clearing and settlement process of securities.
However, in the bond market there are well over 1,000,000 different bond issues.
Most are municipal bonds issued by cities, counties, and states.
With so many different bond issues, a precise identification system is critical to keeping track of them.
A quick search tool can be found atQuantumOnline.com.
These can be documents like financial statements and confirmations of purchase.
CUSIP numbers can also be obtained from securities dealers.
Knowing the CUSIP number can be helpful in planning out your stock trading strategy.
However, for those seeking general information, a subscription isn’t always necessary.
