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Depository Vs Custodian
What is the difffrence between Depository & Custodian
Replies (10)
Depositary holding title of securities and custodian having possessions of same.
is that the only difference? why should a IB have depositary and a custodiian?
| Originally posted by :robinrocks | ||
| " | What is the difffrence between Depository & Custodian | " |
| Originally posted by :robinrocks | ||
| " | What is the difffrence between Depository & Custodian | " |
please send me indepth knowledge of depository and cusodians
what is the differnce between depository and ccustodian
what is the difference between dipository and custodian?
what is the difference between dipository and custodian?
| Originally posted by :Guest | ||
| " | please send me indepth knowledge of depository and cusodians | " |
Depository" is generally (or historically) used to talk about central institutions (nearly utilities) that register the initial deposit of securities on request of the issuer. CSDs are most of the time local organisations built to accomodate the clearing and settlement needs of local traditional exchanges.
- "Custodian" describes a firm (generally banks) that holds securtities on behalf of trading firms.
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