NODE 921f4182Re: e$: Geodesic Securities Markets
f_griffith@ccsvax.sfasu.eduThu, 23 Jun 94 11:40:55 PDT
>
>> 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.