Press Releases
NEW YORK, Sept. 23, 2014 /PRNewswire/ -- CUSIP Global Services (CGS), a leading provider of unique security and entity identifiers and descriptive data that enable efficient global trading, today announced a one-month open enrollment period for CUSIP registrations on all new privately placed, or "crowdfunded," offerings.
The open enrollment period, during which the customary registration fees for new CUSIP identifiers will be waived, is announced on September 23rd to mark the one-year anniversary of the JOBS Act, which broadened the investor base to which crowdfunding offerings may be marketed.
"Through our collaboration with WealthForge, a subject matter expert in online private placements, we seek to bring the precision and reliability of the CUSIP standard to this sector of the market," said Matthew Bastian, Director of Market, Business, and Product Development for CGS. "Announcing the open enrollment period today is our way of acknowledging JOBS Act, which will bring new types of investors and levels of liquidity to the market."
Market participants interested in securing a CUSIP for their offering are encouraged to go to www.crowdcusip.com. The open enrollment period will run through October 21st, 2014.
About CUSIP Global Services
The financial services industry relies on our unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Our extensive focus on standardization over the past 45 years has helped us earn the reputation for being the trusted originator of quality identifiers and descriptive data, ensuring that essential front- and back-office functions run smoothly. CGS is managed on behalf of the American Bankers Association (ABA) by S&P Capital IQ, with a Board of Trustees that represents the voices of leading financial institutions For more information, visit www.cusip.com.
About The American Bankers Association
The American Bankers Association is the voice of the nation's $15 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $11 trillion in deposits and extend more than $8 trillion in loans. Learn more at www.aba.com.
SOURCE CUSIP Global Services
