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Glossary

Depository

is a professional participant of the security market, performing services on storage of securities certificates and / or registration and transfer of securities title. In Russia, only a legal entity can function as a depository. Historically, the term “Depository" was identified with the bank safe, where values were deposited. Due to the rapid growth of security market, issues of a large number of different securities have become the main object of depository activities.

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