On Sat, May 7, 2011 at 8:42 PM, Jim Crow <cornmash008@yahoo.com> wrote:
--- On Sat, 5/7/11, Private Attorney General <justice0927@sbcglobal.net> wrote:
From: Private Attorney General <justice0927@sbcglobal.net>
Subject: CUSIP info:
To: "Private Attorney General" <justice0927@sbcglobal.net>
Date: Saturday, May 7, 2011, 12:26 AM
From: Jim <jim@AmericanLoanAudits.com>
Date: May 04, 2011 10:08:39 AM PDT
To: undisclosed-recipients:;
Subject: CUSIP info
Friends:
I'll share here what I've researched on CUSIP - please send me
feedback on what you've found.
The CUSIP Service Bureau provides CUSIP numbers for documents for
tracking stocks and securities
Here's an interesting video on CUSIP on YouTube -
http://www.youtube.com/watch?v=h3uxfqCcpCQ&NR=1
The CUSIP Glober Services website is
https://www.cusip.com/cusip/index.htm
For Mortgages and Securitization Trusts, I do not find that CUSIP
numbers are assigned to individual Mortgages. (Some people claim
they are, but I have not yet found that to be substaniated) CUSIP
numbers may be assigned to all Classes, and possibly resultant
Certificates. Once you determine into which Securitization Trust a
Mortgage was purchased by, you may be able to determine into which
Class it was put, then track the CUSIP number for that Class. As
I understand it, this is what Securitization Audits do, but I am
not yet able to do Securitization Audits, just some SEC.gov searches.
Standard info (from http://www.searchbycusip.com/) states:
CUSIP stands for Committee on Uniform Securities Identification
Procedures. A CUSIP number identifies most securities, including:
stocks of all registered U.S. and Canadian companies, and
U.S. government and municipal bonds. The CUSIP system-owned
by the American Bankers Association and operated by Standard &
Poor's-facilitates the clearing and settlement process of securities.
<>CUSIP Searches
How do I find the CUSIP number for a particular stock? Unfortunately,
this can be a little difficult as CUSIP numbers are owned and created
by the American Bankers Association and operated by Standard &
Poor's. To get access to the whole database of CUSIP numbers, which
mainly cover U.S. and Canadian equities along with U.S. government
and corporate debt, you will need to pay a fee to Standard & Poor's
or a similar service that has access to the database.
The CUSIP distribution system is owned by the American Bankers
Association and is operated by Standard & Poor's. The CUSIP
Services Bureau acts as the National Numbering Association (NNA)
for North America, and the CUSIP serves as the National Securities
Identification Number for products issued from both the United States
and Canada. The number consists of nine characters (including letters
and numbers) that uniquely identify a company or issuer and the type
of security. A similar system is used to identify foreign securities
(CUSIP International Numbering System). The first six characters
are known as the "base" (or "CUSIP-6"), and uniquely identify the
issuer. Issuer codes are assigned alphabetically from a series that
includes deliberate built-in "gaps" for future expansion. The last
three characters of the issuer code can be letters, in order to
provide more room for expansion.
Issuer numbers 990 to 999 and 99A to 99Z in each group of 1,000
numbers are reserved for internal use. This permits a user to
assign an issuer number to any issuer which might be relevant to
his holdings but which does not qualify for coverage under the
CUSIP numbering system. Other issuer numbers (990000 to 999999
and 99000A to 99999Z) are also reserved for the user so that they
may be assigned to non-security assets or to number miscellaneous
internal assets
The 7th and 8th digit identify the exact issue, the format being
dependent on the type of security. In general, numbers are used
for equities and letters are used for fixed income. For commercial
paper the first issue character is generated by taking the letter
code of the maturity month, the second issue character is the day of
the maturity date, with letters used for numbers over 9. The first
security issued by any particular issuer is numbered "10". Newer
issues are numbered by adding ten to the last used number up to 80,
at which point the next issue is "88" and then goes down by tens. The
issue number "01" is used to label all options on equities from
that issuer.
Fixed income issues are labeled using a similar fashion, but due to
there being so many of them they use letters instead of digits. The
first issue is labeled "AA", the next "A2", then "2A" and onto
"A3". To avoid confusion, the letters I and O are not used since
they might be mistaken for the digits 1 and 0. The 9th digit is an
automatically generated check digit using the "Modulus 10 Double
Add Double" technique. To calculate the check digit every second
digit is multiplied by two. Letters are converted to numbers by
adding their ordinal position in the alphabet to 9, such that A =
10 and M = 22. The resulting string of digits (numbers greater than
10 becoming two separate digits) are added up. The ten's-complement
of the last number is the check digit. In other words, the sum of
the digits, including the check-digit, is a multiple of 10. Some
clearing bodies ignore or truncate the last digit.
CINS adds a single country code letter to be the beginning of an
otherwise similar CUSIP. These are not standard country codes,
for instance Norway is "R". A table of the country codes appears
on the CUSIP web site.
