News Focus
News Focus
Followers 251
Posts 42507
Boards Moderated 1
Alias Born 12/10/2007

Re: sea_devil post# 2850

Tuesday, 08/12/2008 2:03:39 PM

Tuesday, August 12, 2008 2:03:39 PM

Post# of 30922
How does CUSIP handle special situations?

* Corporate Actions: Name Changes/Mergers/Reorganization:
* Equity issues (common stock, preferred, rights, etc.) require a new CUSIP number based on the type of the corporate action or if the alphabetical sequencing of the Issuer has changed.
* New CUSIPs may be required for debt issues if the debt is listed with the NYSE and a Supplemental Listing Application is filed with the Exchange to list the debt under the new name.
The CUSIP Service Bureau must be notified of any name change that occurs, including mutual funds. Even if the CUSIP is not expected to change, final documentation reflecting the effective date of the action is required as all name changes need to be accurately reflected in the CUSIP database.

Approximate Turnaround Times*:
Express one-hour turnaround time (50% surcharge over regular fees)
Regular 24-hour turnaround time
* Upon receipt of the completed application and appropriate documentation

Disclaimer: it's all iMo~

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y