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The origins of the CUSIP system go back to 1964, when the financial markets were dealing with what was known as the securities settlement paper crunch on Wall Street. [5] [6] [7] At that time, increased trading volumes of equity securities, which were settled by the exchange of paper stock certificates, caused a backlog in clearing and settlement activities.
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities.
A Central Index Key or CIK number is a unique number assigned to an individual, company, filing agent or foreign government by the United States Securities and Exchange Commission. The number is used to identify its filings in several online databases, including EDGAR.
For an odd number of digits, the approach in the first example is used. For an even number of digits, the approach in the second example is used. The Luhn algorithm can also be applied in the same manner for both types or lengths (alternating multiply the string of digits by 1 and 2, starting from the end of the string), being more generic.
The Financial Instrument Global Identifier (FIGI) (formerly Bloomberg Global Identifier (BBGID)) is an open standard, unique identifier of financial instruments that can be assigned to instruments including common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products.
The SPDR S&P 500 ETF Trust is an exchange-traded fund which trades on the NYSE Arca under the symbol SPY (NYSE Arca: SPY).The ETF is designed to track the S&P 500 index by holding a portfolio comprising all 500 companies on the index. [1]
The VALOR number can be used for a number of purposes in identifying a financial instrument: Globally a VALOR number is allocated for any type of financial instrument which meets the allocation rules. [1] It can be used in conjunction with the Market Identifier Code (MIC) and the currency code to identify a traded instrument. It can be used in ...
The CUSIP-linked MIP code (CLIP) is used in the financial derivatives markets to identify the reference entity of a credit default swap. [1] It is mainly used as a key field in Markit's reference entity database (RED). Each CLIP is linked with one or more CUSIPs each representing reference entity obligations .