To (System) All TREC Holder Participants Subject Amendments in the CDC Regulations for implementation of KYC Regime by NCCPL and introduction of CRF and Sahulat Account Attachment CDC Circular No. 03 of 2019 dated April 17, 2019 Priority High Message Dear TREC Holder Participants,   CDC has issued Circular No. 03 of 2019 dated April…

Central Depository Company of Pakistan Limited and Telenor Microfinance Bank Limited recently signed an MOU at CDC House on the 14th of February, 2019, for the facilitation of CDC account holders in Biometric verification and collection of funds through Easypaisa.

1. What role does CDC play in Pakistan Capital Market?

CDC, as the sole securities depository of Pakistan, serves as the core infrastructure institution of our Capital Market. CDC’s foundation was laid in the early 1990s, when a huge increase in trading volumes made physical handling of paper-based shares / certificates a laborious and time consuming task. Introducing scripless form of securities settlement in Pakistan had become a necessity. CDC was thus established to operate a Central Depository System (CDS), which transformed how stock changed hands in Pakistan’s Capital Market by introducing an electronic book entry form for handling and transfer of securities. Currently, CDC is entrusted with maintaining assets worth PKR 4.7 trillion and our depository system is the underlying framework supporting the average daily trading of securities worth millions of rupees on Pakistan Stock Exchange.