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Answered by
a year ago
Depository system is a system wherein the securities of investors are held in the electronic form. with the depository at the request of the investors and transfer of securities takes place by means. of book entries on the ledger of the depository. A depository is a place to deposit, or place, asset
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Answered by
9 years ago
A depository can be compared to a bank. A depository holds securities of investors in electronic form. Besides holding securities, a depository also provides services related to transactions in securities. A depository interfaces with its investors through its agents called Depository Participants (
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