D-U-N-S Number

The D-U-N-S Number (Data Universal Numbering System) is a unique business identification number issued by Dun & Bradstreet (D&B). This number is used to uniquely identify companies worldwide, and it plays a crucial role in assessing business creditworthiness and reliability in commercial transactions.

Features of the D-U-N-S Number

  1. Unique Identification Number

    • Each company is assigned a unique number, ensuring there is no duplication and allowing for the precise identification of the specific company.

  2. Global Use

    • The D-U-N-S Number is issued to companies worldwide, making it a reliable identification system for international transactions.

  3. Provision of Business Credit Information

    • Based on the D-U-N-S Number, information about a company’s creditworthiness, financial status, and transaction history is provided.

  4. Enhancing Transaction Reliability

    • The D-U-N-S Number helps determine the trustworthiness of business partners, improving the reliability of business transactions.

Uses of the D-U-N-S Number

  1. Credit Checks for Business Partners

    • Before starting a new business relationship, companies can use the D-U-N-S Number to check the credit information of potential partners, thereby reducing risk.

  2. Intercompany Transactions

    • The D-U-N-S Number is used to verify the reliability of business partners in transactions between companies.

  3. Government Bids and Contracts

    • Government agencies may use the D-U-N-S Number to evaluate the reliability of companies participating in bids or contracts.

  4. Credit Evaluation by Financial Institutions

    • Banks and financial institutions use the D-U-N-S Number as part of their credit evaluation process when considering loans to companies.

How to Obtain a D-U-N-S Number

  1. Application

    • Companies must apply to Dun & Bradstreet and provide the necessary information to obtain a D-U-N-S Number.

  2. Information Provision

    • Companies need to provide basic information, financial details, and transaction history.

  3. Issuance

    • Dun & Bradstreet reviews the provided information and issues a D-U-N-S Number if the application is approved.

The D-U-N-S Number is vital for enhancing the credibility of businesses and ensuring reliable transactions. By utilizing this number in business dealings, particularly in international trade, companies can establish trustworthy business relationships.