Central Securities Depository
/ˈsɛntrəl sɪˈkjʊərətiːz dɪˈpɒzɪtəri/
Definitions
- (n.) An entity that holds securities in electronic form to enable securities transactions, ownership, and transfer without physical certificates.
The central securities depository facilitates the settlement of stock trades efficiently.
Forms
- central securities depository
Related terms
See also
Commentary
Typically established under financial regulation, central securities depositories are crucial for reducing risks related to physical securities handling and ensuring legal clarity of ownership.
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