CSDI Accomplishments in 2017
•Designing a new model, dubbed Blue Model, which is to speed up absorbing domestic and foreign investors into the market. In this Model a correspondent bank will play the role of the custodian bank and foreign investors will no longer have any concern about the brokers’ credit risk.
•Following-up on a joint project with Korea Securities Depository (KSD) to link Iran and South Korea’s ' capital markets.
•Offering a nationwide project dealing with mass privatization and supporting the underprivileged, called “Justice Share program.” Over 49 million Iranian people have been granted the shares of the Iranian companies in the form of Justice Share.
•Following-up on a joint project with Athens Stock Exchange (ATHEX) to facilitate connection of the depositories for securities and cash settlement, corporate actions and registry through the services provided by ATHEX’S XNET Network services
•Developing and Exercising credit limit mechanism for more precise supervision on brokers credit level.
•Signing several MoUs with Iranian Banks to Facilitate International Securities Settlement services.
•Implementing Knowledge Management to Improve Performance, enhance collaboration and decision making and increase innovation in a bid to notice pitfalls and establish success based on the expertise and experience of others.
•Strengthening clearing house members in terms of risk mitigation strategies and efficiency improvement.
•Developing second phase of KARA ,including registry and reporting designated observer brokerage, receiving investors information, proxy registration, daily settlement reports, equipping digital certificate.
•Developing second phase of DARA, including monitoring raise in capital and interest payment, sending reminder notifications, holding issuers assembly and reporting value at the end of each working day.
•Developing DANESH system including portfolio management, proxy management, fund management, paying interest in multi-level, legal investor’s information inquiry, investor information management.
•Designing DANA system for electronic transfer of information in capital raise and interest payment process, declaring changes on investor’s information, holding electronic general assemblies and voting.
•Developing SEPAS system including energy exchange, commodity deposits, depositing in groups, and electronic payment of wages.
Click here to read Case Study about DARA: E-services for Investors.
Federation of Euro-Asian Stock Exchanges
Central Securities Depository of Iran
Participants
Brokers, custodians (banks), and any other entity determine by the Board of SEO.
Services Provided
Registration & Depositing Securities, Clearing & Settlement Executing the corporate actions based on issuer’s request, Providing E-services such as IPS, CERT DISTRO, CSDI Data, BrokerReporter, DARA, DANA, KARA and etc.
Instruments for deposit/settlement
Stocks, Islamic Securities (SUKUK), Commodity Depository Receipt, Certificate of Deposit (CD), Islamic Treasury Bill, Salam Contracts, ETF, Derivatives, intellectual properties.
International Cooperation
• CSDI Joins FEAS Executive Board
• CSDI Elected As ACG Executive Committee Member
• JAPAN JASDEC and Iran CSDI Sign
MoU on Cooperation
• Iran CSDI, Taiwan TDCC Sign MoU for Cooperation, Information Exchange
• CSDI Hosts ACG-20 General Meeting in Tehran
• Iran CSDI, Greece ATHEX Ink Cooperation Agreement
• Joint Workshops between CSDI and KSD, MCD, KPEI and KSEI
• Signing MoUs with Takasbank of Turkey, Central Registry Agency (CRA) of Turkey, Central Depository Company of Pakistan Limited (CDCPL), PT Kliring Penjaminan Efek Indonesia, PT Kustodian Sentral Efek Indonesia (KSEI), Korea Securities Depository (KSD), Muscat Clearing and Depository (MCD), National Clearing Company of Pakistan Limited (NCCPL), China Securities Depository and Clearing Corporation Limited (CSDC), National Securities Depository Limited (NSDL).
Facts
Settlement Cycle
Settlement Form
Multilateral and multicurrency netting and rolling
60
Signing several MoUs with Iranian Banks to Facilitate International Securities Settlement services.