Depository

A depository is a financial institution that holds securities like stocks and bonds in electronic form on behalf of investors. Instead of paper certificates, your investments are stored digitally, making transactions quicker, safer, and more efficient. It acts as a secure vault, tracking ownership, facilitating buying, selling, and transferring of securities seamlessly. Essentially, a depository simplifies investment management by providing a centralized platform for securities custody, reducing risks like loss or theft, and ensuring smoother trading and settlement processes.