How depository is similar to bank?
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A depository is an entity which helps an investor to buy or sell securities such as stocks and bonds in a paper-less manner. Securities in depository accounts are similar to funds in bank accounts. What are its main functions? ... The investor, at the end of a transaction receives a confirmation from the depository
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A depository is an entity which helps an investor to buy or sell securities such as stocks and bonds in a paper-less manner. Securities in depository accounts are similar to funds in bank accounts. What are its main functions? ... The investor, at the end of a transaction receives a confirmation from the depository.
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