Depository Vs Custodian
CA,CS Robin Sojrani (CA & CS ) (148 Points)
26 November 2007
What is the difffrence between Depository & Custodian
10 Replies
Prakash Popat
(3134 Points)
Replied 26 November 2007
Depositary holding title of securities and custodian having possessions of same.
(Guest)
| Originally posted by :Guest | ||
| " | please send me indepth knowledge of depository and cusodians | " |
Dimpy Agarwalla
(executive)
(24 Points)
Replied 21 May 2012
Depository" is generally (or historically) used to talk about central institutions (nearly utilities) that register the initial deposit of securities on request of the issuer. CSDs are most of the time local organisations built to accomodate the clearing and settlement needs of local traditional exchanges.
- "Custodian" describes a firm (generally banks) that holds securtities on behalf of trading firms.
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