Phrases with «central depository»

A central depository refers to a secure and centralized place where financial assets, such as stocks, bonds, and securities, are held and stored electronically. It serves as a central point for recording ownership, transferring assets, and settling transactions efficiently, making it easier for people to buy, sell, and trade such assets without physical certificates. Full definition

Sentences with «central depository»

  • 1981 - The EMBL Data Library is founded — the first central depository of nucleotide sequence data in the world (precursor to EMBL - EBI). (embl.de)
  • Since their model is more cyclical in the long run, I prefer a pure play on this theme, the recently listed Central Depository Services Limited (CDSL). (propertychronicle.com)
  • Mr Alfred Chia, CEO of SingCapital, said: «I think that the application is very encouraging, because from the day they announced this, or what is very unique is that for the applicants, you need to have a CDP account, an individual Central Depository Securities account. (channelnewsasia.com)
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