Series 53: Delivery Of The Bonds

Taken from our Series 53 Online Guide

Delivery of the Bonds

Most municipal bonds today are issued in book-entry form at a registered clearing house, without the benefit of a physical certificate. Bonds are registered and cleared through a registered clearinghouse, such as the DTC. Instead of a bond certificate, investors receive a written confirmation of the transaction from their broker. Registration of a new issue may take up to a month, as the c

Since you're reading about Series 53: Delivery Of The Bonds, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 53
Please Enable Javascript
to view this content!