1994-06-23 - Re: e$: Geodesic Securities Markets

Header Data

From: f_griffith@ccsvax.sfasu.edu
To: cypherpunks@toad.com
Message Hash: 921f418284d9062e614788c657147c19bd0e64311c4924e2dfac8350aacf7aa1
Message ID: <9406231840.AA02736@toad.com>
Reply To: N/A
UTC Datetime: 1994-06-23 18:40:55 UTC
Raw Date: Thu, 23 Jun 94 11:40:55 PDT

Raw message

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.