indirect holding system

What is indirect holding system?

indirect holding system definition and meaning on Finance terms:
A multi-tiered arrangement for the custody and transfer of ownership of securities (or the transfer of similar interests therein) in which investors are identified only at the level of their custodian. Antonym:
direct holding system<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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