Question
Describe different types of depository services.

Answer

Various types of depository services are:
  1. Demateralisation (or Demat): It involves converting physical securities into electronic form.
  2. Rematerialisation (or Remat): It is reverse of demat, i.e., converting electronic securities into physical form.
  3. Transfer of securities: It involves change of beneficial ownership of securities.
  4. Settlement of Trades: It involves keeping records of settlements of trades done on stock exchange connected to the depository.

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