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Sebi mulls stock payment system bypassing brokers | Economic Times

Sebi mulls stock payment system bypassing brokers https://ift.tt/KcXGQik present, such a system exists in the 'primary' or IPO market. Sebi is exploring bringing the 'fund-blocking mechanism' to the secondary stock market. Known as ASBA or Application Supported by Blocked Amount, this method is mandatory for investing in initial public offerings (IPOs).
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