CUSIP Global Services (CGS) today announced the launch of its Government Stimulus ID Service, covering economic stimulus programs sponsored by the US government since 2008.
CGS Government Stimulus ID Service enables investors, researchers and others to track US government stimulus programs and further represents the built-in flexibility of the CUSIP database to segment specific asset classes for custom solutions.
“The Government Stimulus ID Service will help clients who need to track these special relief programs”, says Maria Latorraca, Product Director for CUSIP Global Services. “The US government has sponsored 8 new programs under the Emergency Economic Stabilisation Act of 2008 and American Recovery and Reinvestment Act of 2009. CGS has worked with industry groups and regulators to tag these new programs as they are introduced to ensure the needs of the marketplace are met. Underwriters have requested over 16,000 CUSIP numbers for these programs since September 2008.”
The government stimulus programs currently covered in the service are:
FDIC-TLGP Build America Bonds
TARP Qualified School Construction Bonds
TALF Recovery Zone Economic Development Bonds
Recovery Zone Facility Bonds
New Issue Bond Program
New Municipal programs under the American Recovery and Reinvestment Act will be added later this year, including:
Qualified Zone Academy Bonds (QZAB)
New Clean Renewable Energy Bonds (New CREB)
Qualified Energy Conservation Bonds
Tribal Economic Development Bonds
The Government Stimulus ID service is offered in a pipe-delimited format with daily updates and contains all available CUSIP data elements to guarantee uniqueness.