Central securities depository: Difference between revisions
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A facility for holding securities that allows securities transactions to be processed by book entry. | A facility for holding securities that allows securities transactions to be processed by book entry. | ||
Physical securities may be immobilised by the depository or securities may be dematerialised (solely recorded as electronic records). | Physical securities may be immobilised by the depository or securities may be dematerialised (solely recorded as electronic records). | ||
Revision as of 21:20, 18 December 2016
(CSD).
A facility for holding securities that allows securities transactions to be processed by book entry.
Physical securities may be immobilised by the depository or securities may be dematerialised (solely recorded as electronic records).
In addition to safekeeping, a central securities depository may produce comparison, clearing and settlement functions.
