Depository Participant

  • Definition: An entity authorized by a depository, such as the Central Depository Services Limited (CDSL) or the National Securities Depository Limited (NSDL), to offer depository services to investors. Depository Participants act as intermediaries between the depository and investors, providing services such as opening and maintaining Demat accounts, facilitating the settlement of trades, and providing other value-added services related to securities.
  • Alternate Term: DP, Securities Depository Agent