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CUSP Use of Service Statement The CUSP Use of Service Statement will be incorporated into the CUSP License Agreement and will be subject to an affirmation of usage on an annual basis. For additional
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Who needs cusip usage description:

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Individuals or entities involved in financial transactions or investment activities that require the use of cusip codes may need to provide a cusip usage description. This includes investors, traders, brokers, asset managers, and financial institutions.
02
Companies or organizations issuing securities, such as stocks or bonds, may also need to include a cusip usage description when registering their securities or providing information to investors.
03
Regulatory bodies, financial exchanges, or other institutions that require the use of cusip codes for record-keeping or reporting purposes may request a cusip usage description to ensure compliance and accurate information dissemination.
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CUSIP usage description is a description of how a specific CUSIP number is being utilized or intended to be used.
Any entity or individual who has been assigned a CUSIP number or is in the process of obtaining one is required to file a CUSIP usage description.
CUSIP usage description can be filled out by providing detailed information about the intended use of the CUSIP number, including the security type, issuer information, and intended market.
The purpose of the CUSIP usage description is to provide transparency and clarity regarding the intended use of a specific CUSIP number.
The information that must be reported on a CUSIP usage description includes the security type, issuer details, intended market, and any other relevant information regarding the use of the CUSIP number.
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