depository participant
This query is : Resolved
20 October 2009
what is the difference between depository participant and stock broker? can both be the same person?
Pankaj K Gupta
(Expert)
21 October 2009
Depository Participant is just like a Banker holding your shares and executing instructions, accepting share deposits in Electronic form for a fee. He only provides you an intermediate plateform to interact with actual electronic holding i.e. NSDL / CDSL. Stock broker is the person through whom you trade on Stock Exchange, again for a fee. Both are subject to regulatory clearences from their respective agencies i.e. SEBI and stock exchanges.
It is very much possible that a Stock Broker also be a Depository paarticipant, but practically, it would be two differrent corporate entities, may be belonging to same group. Online Trading Plateforms are an exception to this normal rule.
It is very much possible that a Stock Broker also be a Depository paarticipant, but practically, it would be two differrent corporate entities, may be belonging to same group. Online Trading Plateforms are an exception to this normal rule.
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