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FINANCIAL MARKET — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMFINANCIAL MARKET3 Marks
Question
State only the points of services that depository provides.
✓

Answer

The depository institutions provide the following services:
  1. Dematerialization and rematerialization
  2. Easy transfer of securities at less expenses
  3. Prompt settlement of transaction
  4. Record in customer’s account
  5. Facility to mortgage
  6. Facility to freeze or close account
  7. Record and storage of information
  8. Link between investor and clearing house
  9. Service through internet

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