I was having a casual lunch chat with my colleagues on the stock market and was pleased that my first attempt to explain the concept of long versus short, call versus put option was successful. But asked a simple question on what the CDP account is for, I found myself tongue tight. It is… a depository to hold my stocks and… perhaps my holdings inside are guaranteed in certain ways? How ignorant was I! Very ‘malu’ to call myself a stock investor. I knew I had a CDP account from the start when I registered my first Philips Capital trading account. From then on, I dealt mostly with my trading account and the CDP account was ignored. There is no excuse to be uncertain of a fundamental concept like this, so I am here to seek redemption. What is CDP? CDP is a private company fully known as Central Depository ......