Depository name
September 28, 2023 ⚊ 1 Min read ⚊ Views 30 ⚊ BUSINESS
A depository name is a unique identification code that allows depositories to keep track of investor holdings, process trades, and maintain accurate records of ownership. It also simplifies the process of selling shares by allowing brokers to send sell orders to a depository, which then debits an investor’s account and credits the buyer’s.
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