Difference between custodial services and depository services
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A custodial service is when an entity or individual holds a client's property or money on their behalf. The custodian is responsible for the safety of the financial products...
A Depository is an organisation which holds investors' securities in electronic form. The depository also provides services related to various transactions in such securities. A depository interfaces with its investors through Depository Participants..
hope it helps. .^_^
A Depository is an organisation which holds investors' securities in electronic form. The depository also provides services related to various transactions in such securities. A depository interfaces with its investors through Depository Participants..
hope it helps. .^_^
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The difference is in the name itself. Custodian means custody and Depository means where you deposit! So custodian will have your shares or holdings but legally those will be kept in a safe-keeping account with a Depository. So it is the Depository which will have your shares in a dematerialised form.
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