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What does one mean by the CSGL account?

April 26, 2017account csgl mean

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What does one mean by the CSGL account?

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CSGL, i.e., Constituents’ Subsidiary General Ledger account means a subsidiary general ledger account opened and maintained with the RBI by an agent on behalf of the constituents of such agent, i.e., a second SGL account opened by an agent with the RBI to hold the securities on behalf of their customers. The constituents are known as the Gilt Account Holders (GAHs).