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Depository Vs Custodian

CA,CS Robin Sojrani (CA & CS ) (148 Points)

26 November 2007

What is the difffrence between Depository & Custodian

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10 Replies

Prakash Popat (3134 Points)
Replied 26 November 2007

Depositary holding title of securities and custodian having possessions of same.

(Guest)

is that the only difference? why should a IB have depositary and a custodiian?

(Guest)

Originally posted by :robinrocks
"	What is the difffrence between Depository & Custodian	"

(Guest)

Originally posted by :robinrocks
"	What is the difffrence between Depository & Custodian	"

(Guest)

please send me indepth knowledge of depository and cusodians

(Guest)

what is the differnce between depository and ccustodian

(Guest)

what is the difference between dipository and custodian?

(Guest)

what is the difference between dipository and custodian?

(Guest)

Originally posted by :Guest
"	please send me indepth knowledge of depository and cusodians	"

Dimpy Agarwalla (executive) (24 Points)
Replied 21 May 2012

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.