CUSIP numbers are assigned by the Committee on Uniform Security Identification Procedures (CUSIP). CUSIP numbers are 9-digit numbers that are assigned to individual securities. The first 6 digits of a CUSIP number identify the
issuer of the
security, while the last 3 digits identify the security itself.
CUSIP numbers are important because they allow for the accurate identification of securities in financial transactions. This helps to prevent errors and fraud.
Here are some examples of CUSIP codes in securitisation:
- The CUSIP code for a securitisation of mortgages might be 123456789.
- The CUSIP code for a securitisation of credit cards might be 987654321.
CUSIP codes are a standard way of identifying securities, and they are used by a variety of market participants, including investors, traders, and regulators.