Depository System — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeDepository System2 Marks
Question
Off Market Trade
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Answer
Trade settled between two parties i.e. transferor or transferee on certain agreed terms without the involvement of the third party i.e. clearing corporation, share broker, or stock exchange is called, ‘Off Market Trade’.
For e.g. Legacy transfers, gifts, shifting of securities between a client and a sub-broker, etc.
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