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by Suzanne Tamerius
Mon Jul 26, 2010 12:31 pm
Forum: Business Forum
Topic: Purchase of securities in market trade
Replies: 0
Views: 76

Purchase of securities in market trade

An investor purchasing securities intimates his broker to do so from the depository segment. After the deal is executed, the investor gives his depository participant a receipt with an instruction slip (or a standing instruction), thus authorizing the depository participant to credit his account ...