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What is a Depository?
 
A depository is like a bank for shares instead of money. Instead of holding shares in the form of certificates, investors have accounts in the depository and are able to move securities and settle stock exchange transactions by an electronic update of their accounts.

Virtually all established markets have depositories including India, Japan, Malaysia, Pakistan, Sri Lanka, Thailand, UK and USA.

The core service of a depository is the efficient delivery, settlement and transfer of securities through a computerised book entry system.

The Central Depository Bangladesh Limited (CDBL) is a company set up the banks, stock exchanges and other institutions to operate the central securities depository in Bangladesh