Custodians are institutional intermediaries who are authorized to hold funds and securities on behalf of large institutional investors such as banks, insurance companies, mutual funds and foreign portfolio investors. They settle the secondary market trades for institutional investors. Several Custodians are also clearing members and clearing banks of the Exchange and manage both funds and securities settlement.
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The excess subscription amount received by the company in case of an oversubscribed IPO is called oversubscription.
A system of organisation, which keeps records of securities, deposited by its depositors. The records may be physical or simply electronic records