An organization, usually a bank or any other approved institutions, that hold the securities and other assets of mutual funds and other institutional investors.

Related Terms

Dabba trading

Trading of securities outside the stock exchanges. The broker instead of routing the trade of his clients in the system of stock exchanges, matches or executes the trades of its clients in a system provided by him outside the stock exchange.

Basis of Allotment

An allotment pattern of an issue among different categories of applicant.

New Issue

Shares of a company offered to the public, through a public issue, for the first time to be listed on the Stock Exchange.