CUSIP Global Services (CGS) has implemented a series of product and service enhancements designed to improve the efficiency and transparency of financial markets.
As part of the series of enhancements, CGS has completed an expansion of the standard CUSIP data field to include reference to all securities designated in form 13(f) by the U.S. Securities and Exchange Commission (SEC).
SEC Form 13(f) is a quarterly report that must be filed by all institutional asset managers with US$100 million or more under management.
Following the introduction in January of new SEC rules that require electronic filing of the form, along with amendments to modernise 13(f) and enhance information provided, the CGS has integrated a 13(f) data field across its CUSIP ACCESS and data feed products, allowing users to identify and add the 13(f) classification to existing security master files.
CGS is producing a series of counterparty risk reports highlighting all CUSIPs associated with “high profile” bank failures and federal sanctions lists. This comes as a response to recent market and geopolitical crises, such as the collapse of Silicon Valley Bank and Signature Bank, as well as the introduction of US sanctions on Russia.
The reports include relevant CUSIP, ISIN, security description and security type data fields, complementary to CGS customers.
In addition to this, and in collaboration with its operating partner SIX Financial, CGS has implemented a series of technology and infrastructure improvements to the Association of National Numbering Agencies (ANNA) Service Bureau.
The enhancements, introduced on behalf of ANNA, welcome new data attributes, data quality tools and an improved user interface, all to support the implementation of the revised ISIN standard (ISO 6166).
Commenting on the announcement, senior vice president and global head of CUSIP Global Services Scott Preiss says: “CGS occupies a very unique role at the centre of our financial markets infrastructure, and it is critical that we continue to enhance and refine our offerings to keep markets running as efficiently as possible.”
