Depositories Flashcards

1
Q

What are depositories

A

Similar to bank safeguard your money

Depositories safeguard shares using share account

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

In India who are the ones and when started and located

A

Central Depositories Services India Ltd CDSL in 1999 for BSE

National Securities Depository Limitrd NSDL in 1996 for NSE

Both are based in Mumbai

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Depositories owners

A

NSDL promoted by NSE, IDBI Bank, unit trust of India

CSDL promoted by BSE, SBI, and others

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Who is the regulator

A

SEBI

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What type of instruments are stored

A

Shares, debentures, mutual funds, and others

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Demat account length and type

A

CDSL has 16 digit number

NSDL has 16 digit with IN and 14 digits

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Depository benefits

A

Hold the shades
Help companies to issue dividends
Transfer of shares between accounts

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Who are Depository participant DP

A

Financial institution, custodian, of a broker

Open demat account with DP

How well did you know this?
1
Not at all
2
3
4
5
Perfectly