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functions of depository system

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

The function of depository system is to provide for transfer of ownership of securities in exchange on payment by book entry on its ledgers without any physical movement of scrips. It is the function of the depository to provide facilities for depositing and withdrawing securities by investors at their convenience.

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Data?1494421730 rohit awasthi answered about 3 years ago

Dear Friend > DEPOSITORY SYSTEM FUNCTIONS 1. ACCOUNT OPENING, 2. DE-MATERIALIZATION, 3. RE-MATERIALIZATION, 4. SETTLEMENT, 5. INITIAL PUBLIC OFFER FOR CORPORATE BENEFITS, 6. PLEDGING Thanks

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 3 years ago

**FUNCTIONS OF DEPOSITORY SYSTEM** The function of depository system is to provide for transfer of ownership of securities in exchange on payment by book entry on its ledgers without any physical movement of scrips. It is the function of the depository to provide facilities for depositing and withdrawing securities by investors at their convenience. It provides online pledge statement and record keeping of securities which are deposited by the investors. online pledging of collateral securities is provided by the depository. Thanks

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