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Learn What Are Depositories From Stock Market Course
Depositories are financial entities that hold your securities in an electronic or dematerialized (DEMAT) format. In general, a depository serves as a custodian.
Petty Cash
[…] should be sufficient to cover anticipated small expenses but not so large that they become difficult to manage. Designate Responsible Personnel: Appoint a trustworthy individual as the custodian of…
Guide To Mutual Fund Fundamentals & How MF Investments Work
[…] via the internet. Their network stretches across the country, and with the development of online services and online investing, you can use the RTAs’ services from anywhere. Custodian A…
Some Share Trading Terms You Should Know
[…] to sell their securities to interested investors. Stock exchanges were mainly developed to increase the amount of available capital for businesses to boost its growth and expansion. Custodian Any…
What Are Depositary Receipts & Its Types In Stock Market
[…] for trading on the Mexican Stock Exchange, the bank holds the shares in custody and issues GDRs against the shares held. The Sony GDRs issued by the custodian bank…
What is Nominee Meaning in Bank & Who Can Be A Nominee?
[…] the assets of another holder. It means he/she is the recipient of the finances of the original holders property or assets. In legal matters, nominee is the custodian of…
Learn Basics of Mutual Funds From Stock Market Course
[…] Is A Mutual Fund Set Up? A mutual fund is set up in the form of a trust, which has sponsor, trustees, Asset Management Company (AMC) and custodian. The…
Beneficial Owner
[…] by the bank or broker for security and convenience, the genuine owner is the beneficial owner when securities are held in street name by a broker or custodian bank.…
Euro Bond: Meaning, Benefits, Delivery & Market Size
[…] need for physical certificates, making the process more efficient and secure. Investors receive confirmation of their ownership electronically, and the bonds are held in their accounts with custodian banks…
Learn About NFO & Offer Documents From Mutual Fund Course
[…] the following components – The names and background of fund managers; Details of the investor relation officer; Details of the AMC and its directors; Details of the custodian and…