ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a Central securities depository?
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investment intermediary directly executes transactions
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settlement authority
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maintains a centralized register of financial instruments
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Derivative Agent
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Explanation:
Detailed explanation-1: -Introduction. Central securities depositories ( CSDs ) are financial market infrastructures that hold and transfer fungible securities. This occurs either in the form of physical certificates, which is now fairly unusual, or in the form of book entry securities.
Detailed explanation-2: -CDS stands for the Central Depository System. This is a computer system operated by The Central Depository and Settlement Corporation (CDSC) that facilitates holdings of shares in electronic accounts, opened by shareholders and manages the process of transferring shares traded at the Stock Exchange.
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