The entities which act as intermediaries in clearing and settlement process between investors and

Depositories are called Depository Participants (DPs). A depository Participant (DP) gets registered
with a depository as per SEBI regulations for offering DP services.

An investor can open a dematerialized account with a Depository Participant of his choice. When he
buys securities they will get credited to his account electronically. Similarly when he sells out
securities they will automatically be debited from his dematerialized account. Depositories maintain
the data of security holders across all depository participants. In the clearing and settlement process
when Clearing Corporation (CC) suggests the depository to debit or credit a particular De-mat
account, it gives instructions to the concerned DP to do so.  A depository issues instructions to DPs
as per the inputs from CC and DPs act as specified by their depositories on securities pay-in/pay-out
day.

For clear understanding of settlement process please read the article ‘Trade Clearing and Settlements
in Stock Markets’.

List of Authorized Depository Participants and Custodians at National Securities Depository Ltd
(NSDL):
1.    HDFC Bank Ltd.
2.    Stock Holding Corporation of India Ltd. (SHCIL)    
3.    ICICI Bank Ltd

Clearing Corporation

What Does Clearing Corporation Mean?

An organization associated with an exchange to handle the confirmation, settlement and delivery of
transactions, fulfilling the main obligation of ensuring transactions are made in a prompt and efficient
manner.  They are also referred to as "clearing firms" or "clearing houses".

Investopedia explains Clearing Corporation

In order to make certain that transactions run smoothly, clearing corporations become the buyer to every
seller and the seller to every buyer. In other words, they take the offsetting position with a client in every
transaction.
Escrow
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An escrow is:

 an arrangement where an independent trusted third-party receives and disburses money and/or
documents for two or more transacting parties, with the timing of such disbursement by the
third-party dependent on the performance by the parties of agreed-upon contractual provisions,
or
 an account established by a broker, under the provisions of license law, for the purpose of
holding funds on behalf of the broker's principal or some other person until the consummation
or termination of a transaction;[1] or,
 a trust account held in the borrower's name to pay obligations such as property taxes and
insurance premiums.

The word derives from the Old French word escroue, meaning a scrap of paper or a roll of
parchment; this indicated the deed that a third party held until a transaction was completed.[2]

Stop-Loss Order

What Does Stop-Loss Order Mean?

An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is
designed to limit an investor's loss on a security position.

Also known as a "stop order" or "stop-market order".

  

Watch: Stop Loss Order

Investopedia explains Stop-Loss Order
Setting a stop-loss order for 10% below the price you paid for the stock will limit your loss to 10%. This
strategy allows investors to determine their loss limit in advance, preventing emotional decision-making.

It's also a great idea to use a stop order before you leave for holidays or enter a situation in which you
will be unable to watch your stocks for an extended period of time.

What Does Market Order Mean?

An order that an investor makes through a broker or brokerage service to buy or sell an
investment immediately at the best available current price. A market order is the default option
and is likely to be executed because it does not contain restrictions on the buy/sell price or the
timeframe in which the order can be executed.

A market order is also sometimes referred to as an "unrestricted order."

Investopedia explains Market Order

A market order guarantees execution, and it often has low commissions due to the minimal work
brokers need to do. Be wary of using market orders on stocks with a low average daily volume:
in such market conditions the ask price can be a lot higher than the current market price
(resulting in a large spread). In other words, you may end up paying a whole lot more than you
originally anticipated! It is much safer to use a market order on high-volume stocks.