Miscellaneous

Central Securities Depository

Definition

What is Central Securities Depository?

An institution that records securities ownership and supports clearing and settlement.

Example in practice

After an exchange-traded share purchase, the securities settle into the investor's securities account through the market process.

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A day on which relevant financial institutions and markets are open for normal processing.

A scheduled day on which a fund accepts and prices valid subscriptions or redemptions.

A marketplace where shares, ETFs, REITs, bonds, and other securities may trade.

The original amount of money invested or lent, excluding later returns.

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