CUSIP Service Bureau Definition
Below please find a definition of “CUSIP Service Bureau”
CUSIP Service Bureau: An organization, operated by Standard & Poor’s for the American Bankers Association, for uniquely identifying issuers and issues of securities and financial instruments within a standard framework, and disseminating this data to the financial marketplace via various media. CUSIP numbers and standardized descriptions are used by virtually all sectors of the financial industry, and are critical for the accurate and efficient clearance and settlement of securities as well as back-office processing.
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