CUSIP stands for Committee on Uniform Securities Identification Procedures.  A CUSIP number identifies most financial instruments, including: stocks of all registered U.S. and Canadian companies, commercial paper, and U.S. government and municipal bonds.  The CUSIP system (formally known as CUSIP Global Services)-owned by the American Bankers Association and managed by Standard & Poor's-facilitates the clearance and settlement process of securities.

CUSIP numbers consist of nine characters (including letters and numbers) that uniquely identify a company or issuer and the type of financial instrument.  A similar system is used to identify foreign securities (CUSIP International Numbering System or CINS).  CINS employs the same nine character identifier as CUSIP, but also contains a letter in the first position to signify the issuer's country or geographic region.

For more information about how the CUSIP process works, you can contact CUSIP Global Services at (212) 438-6500 or visit its website.

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We instituted a complimentary webinar series to enable our subscribers to receive concise instruction on issues and ideas affecting our industry without having to leave your office.

Our next topic: 

"How National Estate Planning Awareness Week Can Build Your Practice & Your Community" 

is scheduled for Wed, Sep 26 from 11:30a to 12:00p ET.

Here is a synopsis:

Find out what your colleagues are doing to participate in National Estate Planning Awareness Week how it can help your community, clients, and prospects while growing your business. Our keynote speaker will be Valentino Sabuco, Executive Director of The Financial Awareness Foundation. The Foundation recently released the "Improving Financial Awareness & Financial Literacy Movement Report" which you can access by clicking HERE.  

  

Registration will open in September.