The Central Depository Company of Pakistan Limited (CDC) has signed a Memorandum of Understanding (MoU) with Central Depository Systems (Pvt.) Limited (CDS), its Sri Lankan counterpart.
The MoU signing marks another addition to CDC’s long list of foreign partnerships with members of the global securities services industry. CDC has signed MoUs with its international counterparts from across the globe and its most recent signing with CDS Sri Lanka continues its heritage of global partnerships. The MoU will formalize the relationship between the two entities by accommodating the sharing of knowledge and cooperation for the purpose of mutual benefit. Currently both entities are members of the Asia-Pacific Central Securities Depository Group (ACG).
The signing ceremony took place at the commemoration of CDS Sri Lanka’s 25th anniversary and was presided by Mr. Muhammad Hanif Jakhura, CEO – CDC and Mr. Vajira Kulatilaka, Chairman – CDS. Mr. Jakhura commented upon the MoU by stating that CDC hopes to not only share its success with CDS but also seeks to broaden its own horizons through knowledge-sharing.