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ACCESS AND USE OF THE CUSIP-BASED ISIN WEB QUERY SERVICE (the “Service”) LICENSE AGREEMENT
  • Please read this license agreement and be sure you understand all the terms and conditions.
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IMPORTANT – READ CAREFULLY: You are about to enter into an agreement (the “Agreement with the CUSIP Service Bureau, the National Numbering Agency for the United States (“CSB”) ”) for access to the Service. ISIN Numbers are the unique twelve digit numbers that are recognized by the International Standards Organization located in Geneva, Switzerland as security identifiers for cross-border securities transactions.

The Service permits authorized end-user subscribers to receive online access to individual CUSIP-based ISIN numbers and related descriptive data from the Service (collectively “ISIN Data”) for the limited purposes set forth in this Agreement. CSB and its licensors are the owners of all right, title and interest in and to CUSIP-based ISIN Data, including the 9 digit CUSIP number embedded therein. CSB offers other data products and product delivery options for CUSIP-based ISINs, and other forms of licenses for uses of CUSIP-based ISINs and related data beyond the uses permitted by this agreement. For further information, contact CSB.

You will be asked to either accept or decline the terms and conditions of this Agreement by clicking “I Agree” or “I Decline” at the end of this Agreement. The Service may not be accessed until you agree to accept the terms and conditions of this Agreement by clicking “I Agree” below.

By clicking the “I Agree” button at the end, you represent that:
  • you are an employee of an entity (“Subscriber”) that intends to use the Service as provided in this Agreement; and
  • you are authorized to enter into this Agreement on behalf of Subscriber; and
  • Subscriber agrees to be legally bound by this Agreement.
If you are not authorized by Subscriber to enter into this Agreement or if Subscriber does not agree to be bound by this Agreement, click the “I Decline” button.

The Service, including the ISIN Data, is protected by copyright laws and international copyright treaties, as well as other intellectual property laws and treaties. The Service is licensed, not sold.

If any of the terms of this Agreement are not acceptable to you and/or Subscriber, you may not access or use the Service. The term "Subscriber" as used in this Agreement refers to the entity for which you are employed, which will use the Service as provided in this Agreement.

1. License.
Subject to the terms and conditions of this Agreement, CSB hereby grants to Subscriber a non-exclusive, non-transferable and limited license to access and use the Service.

2. Restrictions on Dissemination and Use.
  1. The Service is solely and exclusively for the internal use of Subscriber. Internal use shall mean access and use of the Service and ISIN Data by Subscriber solely in connection with the trading and administration of securities transactions1 , which shall permit Subscriber to furnish ISIN Data to its customers solely to the extent necessary to trade, clear and settle such customer’s own securities transactions (i.e., as part of customer confirmations and customer brokerage statements).
  2. Except as provided in Section 2(a) above, the Subscriber shall not sell, transfer, assign, publish, distribute, disseminate or otherwise make available, or reproduce or use, any of the ISIN Data (including, without limitation, any national identifiers embedded in the ISIN Data) or any derivation, revision, combination or portion of the ISIN Data to any other person, organization, affiliate or subsidiary. Subscriber shall also be precluded from utilizing the Service or the ISIN Data or any portion thereof to act in the capacity as a commercial service bureau to provide trading, clearance and settlement services on behalf of non-retail customers.
  3. Subject to Subscriber’s compliance with the other terms of this Agreement, Subscriber shall be entitled to incorporate and store any ISIN Data acquired directly from the Service in its own internal databases and storage devices without the requirement of paying any additional fees or charges and such stored ISIN Data may continue to be used as needed by the Subscriber for the limited purposes authorized by section 2(a).
3. Copyrights and Other Proprietary Rights.
The ISIN Data (including the embedded CUSIP numbers) is protected by copyright and other law and constitutes valuable intellectual property of CSB and its licensors. No proprietary rights in or to the ISIN Data or Service are being transferred to Subscriber. Subscriber agrees that misappropriation or misuse of the ISIN Data will cause serious and irreparable damage to CSB and to its licensors and that, in such event, money damages will not constitute sufficient compensation to CSB or its licensors; consequently, Subscriber agrees that in the event of any misappropriation or misuse, CSB shall have the right to obtain injunctive relief.

4. Disclaimer of Warranties and Limitation of Liabilities.
  1. ISIN DATA HAS BEEN OBTAINED BY CSB FROM SOURCES BELIEVED TO BE RELIABLE. HOWEVER, BECAUSE OF THE POSSIBILITY OF HUMAN OR MECHANICAL ERROR BY CSB'S SOURCES, CSB OR OTHERS, NEITHER CSB NOR ITS LICENSORS GUARANTEES THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY DATA IN THE SERVICE AND IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS OR FOR THE RESULTS OBTAINED FROM THE USE OF SUCH DATA. CSB MAKES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. ALL SUCH MATERIALS ARE PROVIDED TO SUBSCRIBER ON AN "AS IS" BASIS.
  2. IN NO EVENT SHALL CSB, ITS LICENSORS OR THEIR RESPECTIVE AFFILIATES BE LIABLE FOR INCIDENTAL, INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES (SUCH AS LOST PROFITS, LOSS OF REVENUE AND LOST BUSINESS OPPORTUNITIES), EVEN IF SUCH PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE LIABILITY OF CSB AND ITS LICENSORS AND THEIR RESPECTIVE AFFILIATES IN ANY AND ALL CATEGORIES, WHETHER ARISING FROM CONTRACT, TORT, WARRANTY, NEGLIGENCE OR OTHERWISE SHALL, IN THE AGGREGATE, IN NO EVENT EXCEED THE GREATER OF (i) U.S. $1,000.00 OR (ii) TWO (2) TIMES THE FEE PAID BY SUBSCRIBER FOR ACCESS TO THE SERVICE IN THE MONTH IN WHICH SUCH CAUSE OF ACTION IS ALLEGED TO HAVE ARISEN.
  3. CSB shall not be liable to Subscriber for any default or delay resulting from circumstances beyond its control.
5. Term and Termination; Remedies for Breach.
  1. The term of this Agreement shall continue until terminated by either party upon two (2) days notice to the other party.
  2. CSB shall have the right to terminate this Agreement immediately upon any breach by Subscriber of any material term of this Agreement, including, without limitation, in the event that Subscriber’s use of the Service or ISIN Data is not in compliance with the use restrictions set forth herein. In such event, CSB shall have the right to decline providing Subscriber with access to the Service.
  3. In the event of a breach of any of the provisions of this Agreement by the Subscriber, CSB shall be entitled to preliminary and permanent injunctive relief to enforce the provisions hereof. Nothing herein shall preclude CSB from pursuing any action or other remedy for any breach of this Agreement, all of which shall be cumulative.
  4. Upon termination of this Agreement and subject to Subscriber’s continuing compliance with the applicable terms of this Agreement, Subscriber shall be entitled to retain in its internal databases all ISIN Data acquired directly from the Service and shall be entitled to continue to use such ISIN Data in accordance with Section 2 hereof. Notwithstanding the foregoing, in the event that CSB terminates this Agreement as a result of Subscriber’s breach of this Agreement, Subscriber shall be required to purge all such ISIN Data from its databases and shall provide CSB with a written certification confirming such action.
  5. The terms and provisions of Sections 2, 3, 4, 6 and 7 shall survive the termination or expiration of this Agreement.
6. Fees; Audit Rights.
  1. Until CSB provides written notice to Subscriber or places a notice on the Service, all fees and other charges for access to and use of the Service as authorized by this agreement are hereby waived.
  2. In the event that CSB has reason to believe that Subscriber may be in violation of the usage restrictions set forth in Section 2 of this Agreement, CSB shall have the right to audit and examine Subscriber’s records solely for the purpose of ensuring Subscriber’s compliance with the usage restrictions set forth in this Agreement. Such audit right shall be exercised upon advance written notice to Subscriber, and shall be subject to Subscriber’s standard security procedures and shall be conducted during normal business hours. The scope of any such audit shall be subject to compliance with any applicable laws relating to confidential customer information.
7. Miscellaneous.
  1. Neither this Agreement nor any rights or obligations hereunder shall be assigned or transferred by Subscriber without the prior written consent of CSB and any purported transfer of assignment shall be null and void.
  2. This Agreement represents the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements (either written or oral). However, this Agreement is not intended to, and shall not, amend, modify or supersede any other existing agreement between Subscriber and CSB, or any applicable National Numbering Agency.
  3. The terms and conditions of this Agreement are subject to change upon notice by CSB through an announcement on the Service. Subscriber’s continued use of the Service after any such modification of the terms of this Agreement shall constitute Subscriber’s acceptance of such new or varied terms. In the event that Subscriber is dissatisfied with any such changed terms, Subscriber’s sole and exclusive remedy shall be to discontinue any further access to the Service.
  4. The content of the Service and the ISIN Data is in the discretion of CSB and may be modified or discontinued at any time without prior notice to Subscriber.
  5. In the event that CSB prevails in enforcing any of its rights under this Agreement, CSB shall be entitled to recover its reasonable out of pocket expenses, including legal fees, incurred in connection therewith.
  6. This Agreement shall be interpreted, construed and enforced in accordance with the internal laws of the State of New York, U.S.A. All disputes arising out of or under this Agreement shall be adjudicated exclusively within the courts located within the courts located within the County and State of New York, U.S.A., and Subscriber hereby consents to such exclusive jurisdiction of such courts.
  7. All notices under this Agreement may be provided by CSB as an announcement through the Service or to Subscriber’s address given in the subscription form.


BY CLICKING THE “I Agree” BUTTON, YOU ARE CONFIRMING THAT:
  • you are authorized to enter into this Agreement on behalf of Subscriber, and
  • Subscriber agrees to be legally bound by this Agreement.
DO NOT CLICK THE “I Agree” BUTTON IF YOU ARE NOT AUTHORIZED TO ENTER INTO THIS AGREEMENT WITH THE CUSIP SERVICE BUREAU.

DO NOT CLICK THE “I Agree” BUTTON IF SUBSCRIBER DOES NOT INTEND TO BE BOUND BY THIS AGREEMENT.





1 The "trading and administration of securities transactions" is used herein to define permissible usage in connection with the settlement, clearance and trading of securities transactions and ongoing administration. It is recognized that certain activities that require de minimis and non-systematic usage of ISIN Data, such as probate evaluation, may constitute permissible use as well. Other activities including, but not limited to, the development and maintenance of a security master file or data warehouse, development of reference data or corporate action products and services that include ISIN Data, or other similar commercial endeavors do not fall within the permissible use under this Agreement and require a separate license agreement. Subscribers who are unsure whether an intended use of the Service or the ISIN Data acquired through the Service are invited to contact CSB, which will endeavor to equitably resolve all such questions. Parties interested in creating or acquiring commercial databases should contact CSB for further information regarding commercial database usage.