Cusip Opens Up, But No Reduction in Fees

- WatersTechnology Staff
- 28 Mar 2005

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In a partial concession to European firms, Standard & Poor’s Cusip Service Bureau last week announced "new, flexible fee schedules" for the databasing of ISIN security identifiers for US securities that are based on the US Cusip code.

The announcement comes after months of resistance among European institutions to S&P’s attempts to charge fees for databasing Cusip-based ISINs. The firms argue that they do not trade US instruments to the same extent as US firms. S&P has countered that it owns the

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Cusip Opens Up, But No Reduction in Fees

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