Dummy CUSIP Number

AAA

DEFINITION of 'Dummy CUSIP Number'

A temporary identification number attached to a security by a company until the official CUSIP number is assigned. Committee on Uniform Securities Identification Procedures (CUSIP) numbers identify securities when recording buy and sell orders. A dummy CUSIP number is a nine-character code for internal company use but may never actually be changed to an official identifier. Dummy CUSIP numbers may also be assigned to securities that are no longer in existence.

INVESTOPEDIA EXPLAINS 'Dummy CUSIP Number'

The nine-digit dummy cusip numbers are supplied by the CUSIP Service Bureau (CSB). The first six characters identify the issuer, the next two describe the issue and the last character is used as a mathematical check for accuracy. The fourth, fifth and seventh characters are always nines (for example, 11199-19-11).

RELATED TERMS
  1. Internote

    Corporate debt securities that are designed to allow ease of ...
  2. CINS Number

    An extension to the CUSIP numbering system, which is used to ...
  3. CUSIP Number

    An identification number assigned to all stocks and registered ...
  4. International Securities Identification ...

    A code that uniquely identifies a specific securities issue. ...
  5. Security

    A financial instrument that represents: an ownership position ...
  6. DUNS Number

    A nine-digit numbering system which uniquely identifies an individual ...
Related Articles
  1. Old Stock Certificates: Lost Treasure ...
    Investing Basics

    Old Stock Certificates: Lost Treasure ...

  2. What is a CUSIP number?
    Investing

    What is a CUSIP number?

  3. How do I find the CUSIP number for a ...
    Investing

    How do I find the CUSIP number for a ...

  4. How do you get a hard copy of a stock ...
    Investing

    How do you get a hard copy of a stock ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center