SECURITIES DEPOSITORY AND WHAT YOU NEED TO KNOW. Securities | LiveTrade LTD Official Channel

SECURITIES DEPOSITORY AND WHAT YOU NEED TO KNOW.
Securities Depository is a commonly-used term in stocks. So what does it mean and how much do you know about this activity?
Let’s scroll down and learn more with #LiveTrade!
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What does ‘securities depository’ mean?
A securities depository means the receipt, preservation, transfer, and recording of securities ownership of customers managed by the Vietnam Securities Depository Center, known as VSD. This activity is to guarantees the rights of holders involved in securities.
How to make a securities depository?
Create a new trading account
The first step of making securities depository is about to register a new trading account. It is now much more convenient and easy to create a new one.
Send a request to stockbrokers
To request a stockbroker to perform the depository process, you must first thoroughly prepare necessary records, such as an identity card, a shareholder register, or a stock certificate.
Check the details
In this step, each applicant has to collate information before submitting an application for amendment of their information at VSD. Securities companies will be in charge of all procedures for receiving records and processing depository requests.
Complete the process
When receiving customers' records, securities companies will be responsible for completing and sending them to VSD. Processing time can take 7 to 10 days.
In the stock field, securities depository plays an important role that helps to guarantee and optimize all the transactions, especially for the investors.
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