A Central Securities Depository (CSD) is a financial institution that centralizes the storage and management of securities such as stocks and bonds, enhancing the efficiency and security of the securities trading process.
Explore the concept of a depository, its function, various types, and practical examples. Understand the significance of depositories in finance, banking, and other sectors, as well as their role in safeguarding assets.
The Depository Trust and Clearing Corporation (DTCC), established in 1999, serves as a pivotal holding company comprising five clearing corporations and one depository, ensuring the efficient processing of financial transactions.
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