• Non-marketable securities are assets that cannot be cashed out easily and in a timely manner or at minimal cost.

  • Often debt securities, these assets usually cannot be bought or sold on public exchanges and must be traded on the OTC market.
  • Examples include savings bonds, shares of limited partnerships or private companies, and some complex derivative products.
  • In contrast, marketable securities include, among others, ordinary shares, treasury bills and money market instruments.