Explain Depository as constituent of Depository System.
- It is an organization like the Central Bank where securities are held in electronic form at the investor’s request.
- It also provides different services related to different transactions in such securities.
- It is responsible for the safe-keeping of the investor's securities.
- There is no direct access to investors with the Depository.
- It works as a link between the company and investors.
Concept: Constituents of Depository System
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