Services Provided by a Depository

Depository is an entity that holds securities. It holds no physical certificates but communicates with companies, or their agents, by electronic means. Depository participants are usually banks and brokerage houses who have a direct link with the depository.

Depository advises all participants of the holdings they retain in the depository and normally through an on-line network of PC based terminals. Any investor (both individuals and institutional investors) wishing to utilise the services of a Depositary, can do so by opening a depositary account with a Depositary Participant.

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Source: HSBC