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SYSTEM
A Clearing
Non-banking
State Financial house or
Financial
Corporations. Clearing
Companies.
corporations.
A Registrar to
an issue or
Stock-brokers.
Share transfer
agent.
Depositor
y
The
Issuing
Company
Create a Avoid the
Reduce Enhance Reduce the
system for risk of
transaction liquidity time for
central settlement
cost for the and transfer of
handling of of
investor. efficiency. securities.
securities. securities.
depository
Objectives of
Depositories in India
National Security
Depositary System
Central Depositary
Service Limited
First and the largest depository in India – established in
1996.
Depository
Customer Depository
Participants
• SBI Bank • CDSL
• HDFC • NSDL
Bank
• ICICI
Direct
• Others
Benefits Of Depository
System
A safe and convenient way to handle securities.
Immediate transfer of securities.
No odd lot problem.
Nomination facility.
Holding investments in equity and debt instruments in a
single account.
Reduction in paperwork.
Reduction in transaction cost.
Elimination of risks associated with physical certificates.
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