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. Investing Basics

    Old Stock Certificates: Lost Treasure ...

  2. Investing

    What is a CUSIP number?

  3. Investing

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

  4. Investing

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

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center