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A CUSIP is a nine-character numeric or alphanumeric code that uniquely identifies a North American financial security for the purposes of facilitating clearing and settlement of trades. All CUSIP identifiers are fungible, which means that a unique CUSIP identifier for each individual security stays the same, regardless of the exchange where the shares were purchased or venue on which the shares were traded. CUSIP was adopted as an American national standard by the Accredited Standards Committee X9 and is designated ANSI X9.6. CUSIP was re-approved as an ANSI standard in December 2020. The acronym derives from Committee on Uniform Security Identification Procedures.