CDC launches Digital Account Opening solution to facilitate Investors
CDC is spearheading the digitization drive for market processes in order to make investing experience convenient for Pakistan Capital Market investors. CDC has been constantly launching novel digital solutions like eIPO, eDividend Repository etc. to facilitate investors and transform Capital Market processes, making them more accessible, efficient and convenient.
In line with this continuous endeavor, CDC has launched its Digital Account Opening solution. Through this facility, stock market investors are now able to fill the account opening form online and download the same once completely validated by CDC personnel. This new digital solution will help eliminate the need for multiple visits by investors to CDC premises for the purpose of opening an account with CDC.
Investors are provided with real-time tooltips regarding the essentials of filling the account opening form, limiting the potential of discrepancies and errors. After successful completion of the online form, investors are required to visit CDC House only once for In-Person Verification (IPV).
CDC is also working on a model through which investors will be provided the option of fulfilling their IPV requirement remotely, avoiding the hassle of visiting CDC offices. The above solution is available initially for opening of CDC IAS Account only. In the second phase of the project, this facility will be extended for opening of CDC Sub-Account as well. More details are available at www.cdcpakistan.com.