Central depository company ppt. Overview 2022-12-31
Central depository company ppt Rating:
6,3/10
691
reviews
A central depository company (CDC) is an organization that provides secure and efficient systems for the settlement of securities transactions. It acts as a central point where all securities, such as stocks and bonds, are held in electronic form, making it easier for investors to buy, sell, and transfer these securities.
CDC plays a crucial role in the functioning of the capital market, as it reduces the risk of fraud and error in securities transactions. It also helps to increase the efficiency and transparency of the market by providing real-time information on the availability and status of securities.
CDC is typically owned by a group of financial institutions, such as banks, brokerage firms, and asset management companies. It operates under the supervision of regulatory authorities, such as the Securities and Exchange Commission (SEC) in the United States.
There are several key functions that CDC performs:
Securities depository: CDC acts as a central repository for securities, holding them in electronic form on behalf of the owners. It also maintains records of the ownership of securities, as well as any changes in ownership that occur through buy and sell transactions.
Securities clearing: CDC clears and settles securities transactions, ensuring that the appropriate securities are transferred between buyers and sellers. It also manages the settlement of cash payments between the parties involved in a transaction.
Securities lending: CDC facilitates the lending of securities to investors, allowing them to borrow securities to cover short positions or to facilitate trading strategies.
Corporate actions: CDC processes corporate actions, such as dividends, stock splits, and mergers, on behalf of the companies whose securities it holds.
CDC plays a critical role in the functioning of the capital market, and its services are essential for the smooth and efficient operation of the market. It helps to reduce the risk of fraud and error in securities transactions, and promotes transparency and efficiency in the market.
Central depository company (cdc)
Eligibility CriteriaAs per Central Depository Company of Pakistan Limited Regulations it can be, Any: Stock broker Banking company within the meaning of the Banking Companies Ordinance, 1962 LVII of 1962 ; Company, corporation or institution to which Section 3-A of the Banking Companies Ordinance, 1962 is applicable; or Company, corporation or institution in such class as the Board may decide. A depository can be compared to a bank. Substantial reduction of paperwork during book closure. Depository interfaces with investors through its agent called depository participants DP. Investment Road Shows :With a vision for wide scale development of the Pakistani Capital Market and to educate investors throughout Pakistan, Central Depository Company launched a series of Investment Road Shows in 2005. .
D Upon receipt of the documents, CDS software is installed at the premises of the applicant. Before Central Depositories Act 1997 Registered owner of securities were recognized as beneficial owner by law. No stamp duty on transfers in CDS. Their Clients will be able to pledge their electronic book based securities in CDS. The key activities provided throughCDC Access IVR service are as follows: CDC Access Interactive Voice Response IVR :Balance of a specific security Balance of last three active securities Balance of all securities Account Activity Report Cash Balance Cash Activity Report Requisition of Transaction Order T. Besides holding securities, a depository also provides services related to transaction in securities.
Bonds central depository company PowerPoint (PPT) Presentations, Bonds central depository company PPTs
PLACING SECURITIES UNDER PLEDGEAn Account Holder or a Participant, acting either on his own behalf or on behalf of his client, can place securities under pledge to an Eligible Pledgee. Placing securities under pledge results in the securities being flagged as no longer available for handling until such time as they are released from pledge. The DRS allows the investor to be recorded as the registered security holder on the books and records of the issuer. These target-driven events have now transformed into a platform for the capital market leaders and executives to meet and interact with the investors and stakeholders. Muhammad Hanif is the CEO of the company. ALLAH RAKHA F08MD014 qTransaction qHow CDC Exchange? SlideServe has a very huge collection of Central depository services limited PowerPoint presentations. After a security is declared eligible for the purpose of Central Depository System, necessary software and CDS connection is provided to that particular issuer upon signing the Issuers Agreement with CDC.
Clients are required to bring a request letter duly signed by the authorized signatory ies of the account to avail this facility. In the past two decades, Central Depository Company has evolved as the infrastructure backbone and the Ultimate Custodian of the Pakistan Capital Market. Login to the computer system is protected through token which generates a constantly changing code complimented by a 4-digit PIN. Presented to Prof R. The Graphic User Interface based proprietary client runs on a Microsoft Windows based PC.
Related Searches for Bonds central depository company THE JAMAICA CENTRAL SECURITIES DEPOSITORY THE JAMAICA CENTRAL SECURITIES DEPOSITORY. The account will not be closed in the following circumstances: If the cash or security balance of Investor Account is not zero. Thailand Securities Depository TSD , Thailand Abu Dhabi Securities Market ADSM , U. If an investor wants to utilize the services offered by a depository, the investor has to open an account with a DP. The securities induction in CDS is done in two phases: Declaring Security Eligible Induction of an Eligible security Eligibility CriteriaAs per CDCPLR, the Central Depository CDC can declare any security listed or unlisted as an eligible security if it is satisfied that: The issuer has the data processing capacity and operational capability. CURRENT PERFORMANCE OF CDC. Corporate Actions Automation to reduce risk Presentation AMEDA conference Alex.
Central depository services limited PowerPoint (PPT) Presentations, Central depository services limited PPTs
Maintenance of computerized Members Register Maintenance of specimen signatures of share holders Dealing with share holders on SRS Service Counter, telephone and through mail. Eligible PledgesFinancial institutions that lend against securities will have their account with CDS in the capacity of Eligible Pledges. When any corporate event such as rights or bonus or dividend is announced for a particular security, depository will give the details of all the clients having electronic holdings in that security as of the record date to the company. Giving CDC a real edge is its Business Continuity Program BCP supported by backup capabilities to ensure security of information and recovery of the service immediately in case of any disaster Highly professional, qualified and experienced Scope of ServiceqMaintenance of computerized Members Register qMaintenance of specimen signatures of share holders qDealing with share holders on SRS Service Counter, telephone and through mail. AMEDA PRESENTATION APRIL 26, 2012. Legal Framework Legal FrameworkAfter Central Depositories Act 1997 The Central Depositories Act 1997 made it possible to recognize the beneficial owner of securities on the basis of holdings in depository accounts. Choronology of Events : Sialkot Peshawer Hyderabad Capital Market Days :Apart from covering 8 local cities in Pakistan, CDC has taken the road shows to Abu Dhabi and Dubai in 2006 and held similar events in London in collaboration with London Stock Exchange and in New York in collaboration with Citibank and The Bank of New York Mellon in July 2007.
A Depository holds securities of investors in electronic form. Due to CDCs efforts, synergy among the top 6 constituents of the Pakistan Equity and Capital Markets has been achieved. This is unlike the physical market where it will take a long time. When you buy dematerialized shares you become the owner of those shares as soon as they are credited to your account. Account StructureSub-account Client Account : used for keeping securities belonging individually to each of those clients of a Participant who require their securities to be kept in a Sub Account. CLOSING OF INVESTOR ACCOUNTSTo close an Investor Account, an investor has to intimate CDC through Account Closing Request Form ACRF duly signed by all authorized signatories.
Technical InfoCDS Network Stock users are connected through resilient and dedicated links while clients other than stock users external clients connect to the CDC network through dial-in to our local point of presence by using Pakistan Telecommunication Corporation Limiteds Public Switched Telecommunication Network PSTN. The Depository Trust Company DTC , a US-based corporation, is a central securities depository accepting deposits from over 65 countries. INVESTOR ACCOUNT SERVICESELIGIBILTY CRITERIA:The following are eligible to open Investor Account with CDC:1. The manual system was no longer feasible. You may not be allotted certificates with the same distinctive and certificate numbers. Dubai Financial Market DFM , U. Secure custody of securities.
Yes, you can dematerialize only those certificates that are already registered in your name and belong to the list of securities admitted for dematerialization. Company A is already live security on CDS whereas company B will be declared as an eligible security prior to de-merger process. If there is any pending corporate action awaiting credit in Investor Account. If the Transaction is reject, participant can execute another free delivery to reverse the impact of the original transaction. Investment Road Shows :With a vision for wide scale development of the Pakistani Capital Market and to educate investors throughout Pakistan, Central Depository Company launched a series of Investment Road Shows in 2005.
