What is Depositery, Depositery Participant & DP charges | Trade on Money | Blog 58
What is Depositery, Depositery Participant & DP charges What is the depository Act :- An Act to provide for regulation of depositories in securities and for matters connected therewith or incidental there to. India code pdf Who are the DP participants? / Depositery Participant : In India, a Depository Participant (DP) is described as an Agent of the depository. They are the intermediaries between the depository and the investors. The relationship between the DPs and the depository is governed by an agreement made between the two under the Depositories Act. Essentially, a depository participant means a place that resembles a bank that stores money and conducts transactions. Instead of money, a depository participant acts as a store of assets such as securities. Depository: Who is called depository? :- A depository can be a facility or institution, such as a building, office, or warehouse, where something is deposited for storage or safeguarding. Depositories a...