From: f_griffith@ccsvax.sfasu.edu
Date: Thu, 23 Jun 94 11:40:55 PDT
To: cypherpunks@toad.com
Subject: Re: e$: Geodesic Securities Markets
Message-ID: <9406231840.AA02736@toad.com>
MIME-Version: 1.0
Content-Type: text/plain


>

>> 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.