Series 66: 2.4.11.3. Collateral Trust Bonds

Taken from our Series 66 Online Guide

2.4.11.3. Collateral Trust Bonds

Collateral trust bonds are secured by financial assets, such as stocks and bonds. These are also called collateral trust certificates (CTCs). They are issued by companies that have few hard assets but significant amounts of securities. For instance, holding companies often issue CTCs

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