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Indian Stock Market and Depository Systems
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An intermediary account is opened for the purpose of
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A
Stock Lending and borrowing.
💡 Explanation:
An intermediary account is used in stock lending and borrowing operations. These accounts facilitate the temporary transfer of securities between parties, with the intermediary acting as a facilitator. Settlement of trades, ALBM (Automated Lending and Borrowing Mechanism), and Pledge/Hypothecation are different functions.