5 ms·
Increased market depth, as bearer bonds are more fungible, and less subject to transfer restrictions, KYC, capital flight controls, etc. than registered bonds.
by brighton36 11y ago
Increased market depth, as bearer bonds are more fungible, and less subject to transfer restrictions, KYC, capital flight controls, etc. than registered bonds. This first iteration might actually be registered, but I would assume they would eventually take this towards a bearer bond model.
- joosters 11y agoWhy is that an advantage to Overstock? Once the bonds are sold, they have the cash. What happens after the initial sale won't affect this.
- brighton36 11y agoIncreased market depth means more efficient price discovery, additional demand, and a greater share value.