10 Questions
What is one of the key roles of a Depository Participant?
Act as an agent of the Depository
How does a depository system differ from a banking system?
Depository holds securities in accounts, while a bank holds money in accounts
What is a primary function of a Depository Participant?
Facilitates dematerialization of securities
How does an investor benefit from opening a beneficiary account with a Depository?
To have securities held electronically
Which feature is NOT associated with the functions of Depository Participants?
Providing insurance services
What distinguishes a Depository Participant from a traditional bank?
A DP maintains investors' securities account balances
In the context of depository services, what does 'dematerialization' refer to?
Converting physical securities into electronic form
What type of accounts do investors need to open with a Depository Participant to utilize depository services?
Beneficiary accounts
Which entity acts as the customer interface of a Depository?
Depository Participant
What is one of the key benefits of using a Depository for securities holding?
Instant transfer of shares and money consideration
Learn about the key players involved in the Over-The-Counter Exchange of India (OTCEI) and how the exchange operated in Mumbai solely over a computer network. Explore the benefits of listed stocks on the OTCEI under India's Securities Contract Regulation Act.
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