Author: cdc_admin

CDC launches Online Transactions Service

CDC Access is a customer focused service package which gives you the benefit of accessing vital account information with ease and convenience at anytime from anywhere. This package currently comprises of CDC Access IVR, Web, SMS, eStatement and eAlert.

Recently, CDC introduced the facility of Online Transactions under the banner of CDC Access. Through this facility, Investor Account Holders can initiate Portfolio Transfers directly through the CDC Access web portal https://www.cdcaccess.com.pk on real time without any paper work or manual effort.

It also offers the additional benefit of obtaining Online Reports, which makes access to vital account information just one click away. To ensure protection, the portal is secured with PIN code authentication for every transaction.

 

Key Features

  • 24/7 Web based online movement
  • Real time online transfer of securities
  • Instant viewing of account balances, activities and transactions performed
  • Secured mode of linking beneficiary account with two factor authentication
  • PIN code authentication for every transaction
  • Accessible through desktops, laptops and smart phones

 

Key Benefits

  • Instant transfer
  • Convenient and hassle-free
  • No physical T.O. (instrument) required for processing
  • Cost effective (no charges of T.O. levied)
  • No signature required
  • Free SMS and eAlerts
  • Non-Residents and Foreigners can also avail this facility from abroad
  • Free SMS Alerts on International Numbers
  • Easy online un-subscription

 

To avail Online Transactions service, interested investors may contact CDC Customer Support Services at the toll free 0800-23275 (CDCPL).

CDC introduces eDividend facility

The Central Depository Company of Pakistan Limited became the pioneering institution in Pakistan to introduce innovative concepts in Share Registrar Services to facilitate the shareholders. One of them is the implementation of eDividend facility. This service enables issuers to electronically credit dividend amounts into bank accounts of shareholders directly without involving printing and dispatch of dividend warrant. The first such transaction was executed for the dividend by Lucky Cement Limited through its banking partner. Innovative offering of services like this has enabled CDC to achieve another milestone in Share Registrar Services after exceeding 100 clients in short span of time.

 

Speaking about this new market shaping facility, Mr. Muhammad Hanif Jakhura, CEO-CDC said that “Central Depository Company has a legacy of introducing efficiency and time efficacy in market processes. Just like the eDividend facility, CDC will continue to take the lead in improving the infrastructure of Pakistan Capital Market for both investors and corporates alike.

CDC’s Trusteeship assets exceed Rs. 500 Billion

In 2002, CDC launched its Trustee and Custodial services, serving only one AMC with two mutual funds; having net assets of Rs. 500 Million. Since then, it has been a long, challenging and rewarding ride for CDC’s T&C services.  Over a span of these 13 years, CDC’s T&C services gained momentum and transformed into a well-established, highly respected, and most preferred service provider in the trustee and custodial services domain.

 

Recently, CDC’s T&C service attained the net assets benchmark of Rs. 500 billion. This journey of 500 Million to 500 Billion was filled with many road blocks; one being the great crises of 2008, due to which, investors’ confidence in Pakistan Capital Market was severely shaken. CDC not only stood its ground but moved forward with a vision, “what doesn’t kill you, makes you stronger.” CDC’s combined efforts along with several government initiatives and regulatory polices brought the Pakistan Capital Market back to life and it has been growing since then. Surviving and overcoming such obstacles provided CDC with opportunities to strengthen customers’ trust & grow while doing so. Today, CDC has the biggest trustee portfolio in Pakistan and enjoys a 95% share of the total market, reflecting long term vision & unmatched competitiveness.

 

Currently, CDC has 21 leading AMCs on board with a wide variety of 157 funds based on both equity and money market products; including Shares, Debt Securities, Commodities and Government Bonds. As far as future endeavors are concerned, CDC is continuously being tapped by existing; as well as, prospective clients, who want to acquire CDC’s T&C services for their upcoming products. Arif Habib REIT scheme is one such example amongst many.

Chairman SECP visits CDC

The Securities and Exchange Commission of Pakistan (SECP) Chairman, Mr. Zafar ul Haq Hijazi visited the CDC Head Office in Karachi on Saturday, 17th January, 2015. Mr. Hijazi was accompanied by Mr. Zafar Abdullah, Commissioner – Securities Market Division-SECP and Mr. Imran Panjwani – Executive Director, Securities Market Division-SECP.

 

The delegation was welcomed by Mr. Muhammad Hanif Jakhura, CEO – CDC, Chairman and members of CDC Board. CDC senior management team was also present. The Chairman SECP was briefed about various initiatives taken by CDC with respect to investors’ protection and capital market development. Furthermore, the state-of-the-art IT infrastructure and CDC’s efforts in effectively implementing an Information Security Management System were also discussed and appreciated.

 

The SECP Chairman appreciated the initiatives of CDC and stressed on making efforts for creating investors’ awareness and increasing the number of investors among the various facets of the society, including doctors, lawyers, accountants, small business-owners and students. He also took an initiative to form a committee headed by Mr. Muhammad Hanif Jakhura, CEO-CDC which would comprise of representatives of the stock exchanges, and asset management companies. This committee will work on to develop a pilot project for setting up ‘Capital Market Hubs’ in small cities of Pakistan to attract savings for investments in capital market.

EFU Life and CDC sign Memorandum of Understanding

EFU Life Assurance Limited and Central Depository Company of Pakistan Limited (CDC) have signed a Memorandum of Understanding to mutually benefit each other by providing differentiated services to their customer base. CDCis the only depositary in Pakistan and EFU Life is a leading life insurance provider of the country.

 

The signing ceremony was held at CDC House Karachi in presence of senior officials from both organizations including Mr. Taher G. Sachak, CEO & MD and Mr. Mohammed Ali Ahmed, Executive Director from EFU Life. CDC was represented at the session by Muhammad Hanif Jakhura, CEO-CDC, Mr. Fazal Hussain Gaffoor, CFO & Company Secretary and Mr. Shariq Naseem, Assistant General Manager, Product Development & Marketing.

 

Mr. Muhammad Hanif Jakhura, CEO-CDC while speaking at the event said, “Central Depository Company has a legacy of partnering with leading organizations both in Pakistan and abroad for the betterment of respective industry sectors and collaborating for better access to markets and customers.

 

CDC’s partnership with EFU Life is yet another strategic partnership and we look forward to availing its benefits in near future.”

 

EFU Life MD & CEO Mr. Taher G. Sachak, while speaking on the occasion said, “

EFU Life is proud to enter into this partnership with CDC. This collaboration will be first of its kind where insurance solutions will be offered to CDC customers and simultaneously CDC can increase its outreach by utilizing our distribution network.”

Swiss Consulate Officials visit Central Depository Company

A delegation from the Consulate General of Switzerland comprising of Mr. Roger M. Kull (Deputy Head of Mission), Mr. Emil Wyss (Consul General) and Mr. Jordan James Din (Head of Commercial Section) visited Central Depository Company of Pakistan Limited at its head office on 27th November 2014.

 

Mr. Muhammad Hanif Jakhura, CEO-CDC and senior management of CDC welcomed the delegation, who were apprised about the performance of Pakistan Capital Market in recent years. They were also informed about CDC’s businesses, investor awareness & cultivation initiatives, IT infrastructure and CSR activities.

 

The Swiss Consulate Team greatly appreciated the efforts of CDC in the development of Pakistan Capital Market.