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Eligible Securities
 

The following types of securities may be made eligible securities:

  • securities listed on a stock exchange;
  • securities issued by the government and other debt instruments;
  • other securities such as mutual fund units, commercial papers etc.

Eligible Securities, currently on the market include:

CDBL Eligible Companies

CDBL agree with issuers when their securities are to be made eligible and The Securities And Exchange Comission(SEC) publish this information to the market. Once a listed security has been declared an eligible security by the SEC such then securities that are traded on an exchange:

  • must be in an account in the depository before they may be sold;
  • will be added to an account in the depository after they have been bought.