PROJECT

2. Meaning and definition of
depository
The term depository is defined as
“a place where something is
deposited for safekeeping banks in
which funds or securities are
deposited by others, usually under
the terms of specific depositor
agreement”

4. Bad deliveries risk associated with
physical certificates such as loss, theft,
mutilation of certificates etc eliminated
• Eliminated large volume of paper work
involved in filling in transfer deeds and
lodgings the transfer documents and
share certificates with the issuer
company.

5. •Immediate transfer and registration of shares
transacted(at the end of every settlement cycle,
which is 4 working days I e, T+3) and there four
faster settlement cycle and faster realization of
sale proceeds.
• Faster disbursement of corporate benefits like
rights, bonus, etc
• Reduction in cost in terms of brokerage,
transaction cost stamp duty etc
• Availability of periodical status report to
investors on their holding and transactions.