Glossary
/Depositary
What is a Depositary?
If you look closely at the official CIDL logo, it actually spells "Depositary" with an ' a '. It is identical to a depository. This is the giant central institution that physically holds all the electronic shares and bonds floating in the Indian market. They don't deal directly with normal retail investors. Their only job is to safely store assets and ensure transfers take place smoothly when a trade is executed on exchanges.
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