LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Adv.Shine Thomas (Advocate)     24 October 2008

Depository and Depository Participant.

What is the difference between a depository and a depository participant?


 2 Replies

Shree. ( Advocate.)     24 October 2008

Dear Shine Thomas,

A depository is a place where the stocks of investors are held in electronic form.

The depository has agents who are called depository participants (DPs).

Think of it like a bank. The head office where all the technology rests and details of all accounts held is like the depository. And the DPs are the branches that cater to individuals.

There are only two depositories in India -- the National Securities Depository Ltd (NSDL) and the Central Depository Services Ltd (CDSL). There are over a 100 DPs.


Smita_L01042008 (student)     12 December 2009

1.  i agree with above answer

2. NSDL and CDSL are depository

2. ther are numbers of Depository participant registered with Depositories like Standard Charteted, ICICI Demat etc.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »

Post a Suggestion for LCI Team
Post a Legal Query