* In the Depository system, securities are held in electronic form. * The transfer and settlement of securities are done electronically. * The Depository System maintains accounts of the shareholder, enables transfer, collects dividends, bonus shares, etc. on behalf of the shareholder. * This system is also called a scriptless trading system. * It keeps the securities safe. It offers scope for paperless trading by using state-of-art technology.

Depository System

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Depository System

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In the Depository system, securities are held in electronic form.
The transfer and settlement of securities are done electronically.
The Depository System maintains accounts of the shareholder, enables transfer, collects dividends, bonus shares, etc. on behalf of the shareholder.
This system is also called a scriptless trading system.
It keeps the securities safe. It offers scope for paperless trading by using state-of-art technology.

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