Wednesday, September 11, 2013

CUSIP to ISIN Conversion

CUSIP to ISIN Conversion

CUSIP is a 9-character alphanumeric code which identifies a North American financial security for the purposes of facilitating clearing and settlement of trades.
The CUSIP distribution system is owned by the American Bankers Association, and is operated by S&P Capital IQ. CUSIP Global Services (CGS) acts as the National numbering agency (NNA) for North America, and the CUSIP serves as the National Securities Identification Number for products issued from both the United States and Canada.

ISIN  - 12-character alpha-numerical code

The first two digit of ISIN denotes country of issue and the below logic will determine 12th digit of ISIN from CUSIP

ISIN= two digit country code + 9 digit cusip + 1 calculated check digit.

Check Digit Calculation

1.Convert all alpha charcters to numbers based on below map

 A=10    F=15    K=20    P=25    U=30    Z=35
B=11    G=16    L=21    Q=26    V=31
C=12    H=17   M=22    R=27    W=32
D=13    I=18     N=23    S=28    X=33
E=14    J=19     O=24    T=29    Y=34
2. Reverse the converted text                                       

























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