e$: Geodesic Securities Markets
f_griffith at ccsvax.sfasu.edu
f_griffith at ccsvax.sfasu.edu
Thu Jun 23 11:40:55 PDT 1994
>
>> Perry Metzger says,
>>
>Yup. The certificate is held in street name -- the name such
>certificates are held in is "Ceed & Co." for obscure reasons I've
>never been able to fathom.
I think it's Cede & Co.
The original reason, which may not still hold, was that it was rather
cumbersome to transfer securities held in the name of a corporation,
much easier to transfer those in a partnership's name. Thyus, the
clearing corp formed a partnership to hold the securities.
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