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> Do publicly traded shares not have serial numbers or identification numbers or something to that effect? No they’re fungible. The vast majority are held as b
by koolba 3y ago
> Do publicly traded shares not have serial numbers or identification numbers or something to that effect?
No they’re fungible. The vast majority are held as book entries in the DTCC[1]. Even if you pull them out of that system, they still don’t have an individual identification number like a bond’s serial number.
[1]: https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_...
- tomatocracy 3y ago> like a bond's serial number Bonds are also typically fungible in the same way these days (including typically being held by a clearing house if they are traded).
- tzs 3y agoBeing fungible does not imply that something does not have a serial number or identification number. For example US dollar bills are fungible but they have serial numbers.