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प्रश्न
Explain the following term/concept.
Fungibility
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उत्तर
In financial terms, fungibility means the state of being interchangeable. The securities held in Demat/electronic forms are fungible. They are interchangeable, substitutable, and cannot be distinguished from each other. Securities bear no notable features like a distinctive number, certificate number, or folio number.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
______ is a unique code given to a security.
______ has to apply for ISIN.
Write a word or a term or a phrase which can substitute the following statement.
This process converts securities into electronic form from physical form.
Write a word or a term or a phrase which can substitute the following statement.
This means securities are without distinctive identity number.
Write a word or a term or a phrase which can substitute the following statement.
This is the unique code for security given in depository system.
State whether the following statement is true or false.
ISIN is a unique code given to the specific securities.
Complete the sentence.
The unique code identifying a security is ______.
Select the correct option for the following.
____________ ISIN.
Answer in one sentence.
What is Dematerialisation?
Answer in one sentence.
What is Rematerialisation?
Correct the underlined word and rewrite the following sentence.
Depository Participant in India has to register under the partnership act.
Arrange in proper order.
- Gets Statement of Accounts
- Open Demat Account
- Submit DRF
Arrange in proper order.
- Investor (BO) submits an application for securities to the issuer company.
- Depository intimates the DP about crediting BO's Account.
- Issuer company gives details of allotment to Depository.
Justify the following statement.
ISIN is necessary component of Demat.
Explain the constituents of Depository system.
ISIN is a code given to a company.
