Depository Name

What does the depository name mean? It refers to the institutions that hold and provide safety, to market-linked securities on an online investment platform where the e-documents are saved after a series of verifications and there is no involvement of any physical paper. 

Such online data hold all the records of the trades (buy and sell stocks online) concluded by each user and the institutions play a significant role in storing information without the involvement of physical issue certificates, where the investors are benefitted in many ways as they are relieved of bad deliveries and damaged certification. 

Proper verification of all the data before the transfer of dividends helps in avoiding duplicity, bank transfer, or fraud in such transactions.