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Related Terms
What Is a CUSIP
CINS Number Number, and How Do I
Find a Stock or Bond
By JAMES CHEN Updated March 30, 2022 CUSIP?
Reviewed by JEFREDA R. BROWN The CUSIP number is an
identification number assigned to all
What Is a CINS Number? stocks and registered bonds by The
Committee on Uniform Securities
A CINS number is an international extension of the CUSIP numbering system. CUSIP numbering is used to uniquely Identification Procedures. more
identify securities offered only by issuers in the United States and Canada. As with CUSIP numbers, a CINS number
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consists of nine characters. Dummy CUSIP Number
A dummy CUSIP number is a
temporary placeholder used
International securities, whether corporate or municipal, are identified by a CINS number. CINS is an abbreviation for
internally by a company to identify a
CUSIP International Numbering System. security until its official CUSIP
number is assigned. more

KEY TAKEAWAYS What Is an International

CINS numbers are used to identify international securities and are an extension of the CUSIP system used for Bank Account Number
U.S. and Canadian securities. (IBAN) and How Does It
A CINS number consists of nine characters that identify the issuer, country of origin, unique security issue, and
Work
An international bank account
a check digit. number (IBAN) is a standard
CINS numbers are significant because they are used to identify and resolve transactions involving international numbering system, developed to
identify bank accounts from around
securities.
the world. more

ISIN Number: What It Is,

Understanding CINS Numbers How and Why It Is Used
The International Securities
CINS was conceived in the 1980s as part of an effort to extend the CUSIP system to international securities. Currently,
Identification Number (ISIN) is a 12-
the CINS system contains entries for approximately 1.3 million different securities. digit alphanumeric code that
uniquely identifies a specific
Like CUSIP numbers, CINS numbers consist of nine alphanumeric characters. Each issuer is assigned a unique six-digit security. more

number. The next two characters identify the unique security issue. The final character is a check digit to help ensure
MBS Pool Number
the first eight digits were received or entered accurately. A unique feature of the CINS system is that the first character is
An MBS pool number is a number or
always a letter signifying the domicile country of the issuer. alphanumeric character assigned to
a mortgage-backed security (MBS)
by the issuer to make it identifiable.
Tip: As an extension of the CUSIP system, CINS numbers are ultimately under the management of Standard more
& Poor’s, with the entire system owned by the American Bankers Association (ABA), which together run the
CUSIP system. What Is a Bank Account
Number?
A bank account number is a unique
Why CINS Numbers Are Important string of numbers and, sometimes,
letters or other characters that
CINS is comparable in intent to the International Securities Identification Number (ISIN), which was adopted by identifies the owner of the account.
countries outside of North America for largely the same purpose. more

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Numbering TRADING
BASIC
EDUCATION

What Is
The use of CINS, along with the CUSIP, instead of ISINs are part of what separates the North American–based system
the ISIN
from how the rest of the world operates. There has been some disparity in the past between the European Commission Numbering
and Standard & Poor’s regarding obtaining ISIN identifiers for securities for companies from the United States. System
and
CINS numbers and equivalent identifiers are significant because the codes are used for the resolution of securities How
transactions and other purposes that allow financial institutions to report transactions to authorities. Though more Does It
than one system exists, the codes are not interchangeable across these systems and they cannot be substituted. This
Work?
means each security has an identifier for both the CUSP and the ISIN systems. Therefore CINS numbers must be used
with CUSIP and ISINs must be used with their respective system.
STOCK
TRADING
The European Commission (EC) took issue with Standard & Poor's in 2009 regarding the licensing fees that were STRATEGY
charged to financial firms in Europe to gain access to U.S. ISINs, which are needed for securities transactions and other &
purposes. The European Commission asserted that while other providers of such identifying numbers did so free of EDUCATION
charge or only charged enough to cover the costs of offering them, the fees Standard & Poor’s required came across as How to
a monopolistic abuse of its role as the sole provider of U.S. ISINs. Locate
the
Example of a CINS number CUSIP
Each CINS number consists of a unique sequence of nine letters and numbers. Number
for a
For example, S08000AA4 represents a security from South Africa (indicated by the letter S). The digits 08000 is code for
Stock
the issuer while AA represents the rating of the bond and 4 is the checksum digit used to identify the security.

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