Group Members :

1: ISMAIL FAYYAZ F08md034

2: MUHAMMAD ALI F08md035

3: ABDULLAH F08md045

4: ALLAH RAKHA F07md014

5: SALMAN AKMAL F08md043

6: FAWAD MIRZA F07md055

ISMAIL FAYYAZ
(f08md034 )
TOPIC : Central Deposit
Company
 Introduction
The Company started operations in September
1997. CDC is the sole entity handling the electronic
(paperless) settlement of transactions carried out at
all three stock exchanges of the country. Through
efficient functioning of CDC, approximately 99% of
the market settlement is in book entry form.
Provide Services
CDC provides depository services to a wide range
of Capital Market participants which includes
Brokers, Asset Management Companies, Banks
(including Custodian Banks) and general retail
investors. It also serves to link up the Issuers and
Registrars .

Other services :
Trustee and custodial
Investor Account Service
Aim of CDC

The aim of CDC is to operate as a central

securities depository on behalf of the financial
services industry so as to contribute to the
country's ability to support an effective capital
market system which will attract institutional
and retail level investors from Pakistan and
abroad. CDC is regulated by the SECP. CDC has
branches in Karachi, Lahore and Islamabad.
History
With an ever increasing exponential growth in the
Pakistani Capital Market during the last decade
causing a huge increase in trading volumes, the
physical handling of paper-based shares/ certificates
not only became laborious but also time consuming.
The manual system was no longer feasible. It was in
this perspective that CDC was incorporated to
implement and operate the CDS and eliminate the
tedious process of physical shares handling and
transfer. 
History
.The IBM consortium proposed a comprehensive Master
Implementation Plan (MIP) to the CDC Board after a detailed
analysis of the following:

•National requirements
• Company and Banking laws
• Regulations & Procedures
• Financial and organizational aspects of the project
Central Deposit System
( CDS )

Main function to operate CDS

Guidance well defined by SECP
Installed by IBM
No Physically movement of securities
Benefits of CDS

§ Reduced workload and manpower requirements due to paperless

settlement.
§ No stamp duty on transfers in CDS.
§ No risk of damaged, lost, forged or duplicate
certificates. 
§ Paperless environment.
§ Secure custody of securities.
§ Substantial reduction of paperwork during book
closure.
§ Substantial reduction in time & capital investments.
 MUHAMMAD AL
Roll No FO8mdO35
S ervices offered by
CDC
 Investor Account
Service s ( IAS )
Investor Account Services allow retail investors to
directly open and maintain accounts in Central
Depository System for electronic settlement of
securities. With Investor Account Services, investors
can now have direct access to their account and
securities.
Enhanced Services
Confirmation of all transactions carried out in an
Investors Account is sent to investors on request. In
case, where account is operated by an agent on
investor's behalf, confirmation is sent directly to the
investor. This measure ensures that investors are
constantly aware of the movement of securities in their
account.
Pledge
In order to pledge securities, an investor needs to fill
out the securities pledge form and submit it at IAS
department. The investor pledge securities in favour
of Pledgees having accounts in CDS.

W ith d ra w a l
In o rd e r to w ith d ra w se cu ritie s fro m C e n tra l D e p o sito ry
S yste m , a n in ve sto r n e e d s to fill o u t th e S e cu ritie s
W ith d ra w a l Fo rm ; a ffix tra n sfe r sta m p s a s p e r th e
p re va ilin g ra te o n th e se co n d o r th ird co p y o f th e fo rm
a n d su b m it it a t IA S d e p a rtm e n t. W ith d ra w a l re q u e st
a lo n g w ith re le va n t d o cu m e n ts is se n t to re sp e ctive
re g istra r a n y tim e th e sa m e d a y. A n in ve sto r re ce ive s
p h ysica l ce rtifica te s fro m th e re g istra r d ire ctly o n th e
b a sis o f first co p y o f S e cu ritie s W ith d ra w a lFo rm .
Trustee & Custodial (T &
C):
Central Depository Company started Trustee &
Custodial Services in 2002.The Company, through its
proactive approach and high standards of service,
has become the market leader in the private sector
and currently provides Trustee & Custodial Services
with an aggregate fund size of approximately Rs.
1 1 7 billion. Since the start of this operation, the CDC
Trustee and Custodial Services has become the
preferred choice due to its excellent service level
and the level of business understanding by their
staff.
Nature of services:
The prime responsibility of CDC as the
trustee/custodian is to take into its custody all the
assets of the Collective Investment Scheme and hold
them in trust on behalf of the unit or certificate
holders.
Tra n sa ctio n S e ttle m e n t
R e ce ip t a n d d e live ry o f se cu ritie s a g a in st p a ym e n t
b o th in scrip t- le ss a n d p h ysica lfo rm .
Corporate Actions:
Sending intimation to the clients regarding any
notices that have been received in respect of bonus
issues, rights issues held on behalf of the beneficial
owners.
Receiving and holding, for the account of the
beneficial owners, all securities received as a result
of a stock dividend, share sub-division or
reorganization, capitalization of reserves.
Merger
Scenario I
Merger of Company ‘A’ (Transferor) with Company
‘B’ (Transferee)
Both companies (company ‘A’ and company ‘B’)
are live on CDS.
Scenario II
• Merger of Company ‘A’ and Company ‘B’ forming
new
company ‘C’
• Both companies (company ‘A’ and company ‘B’)
are live on
CDS while company ‘C’ is declared as an eligible
security.

De-Merger
• Separation of one of the division / department
from
Company ‘A’
• Establishment of separated division / department
as a new
Company ‘B’.
• Company ‘A’ is already live security on CDS
whereas
company ‘B’ will be declared as an eligible
security prior to
de-merger process.
Tax Reporting:
Provision of necessary information relating to
withholding tax on brokerage & commission and
other payments pertaining to the settlement of
transactions.
IT System & Back-Up Support:
Central Depository Company (CDC) is
acknowledged as a model IT-based company with
the finest of IT professionals in the field of system
development and maintenance.
Security Measures:
Various firewalls and protection systems
employed at CDC effectively restrict
unauthorized use of the system and virus
infections with utmost efficiency. Login to the
computer system is protected through token
which generates a constantly changing code
complimented by a 4-digit PIN.
 Share Registrar
Services ( SRS )
SRS is one of the most important services
required by a capital market in any country or
region. Central Depository Company, Share
Registrar Services offers a composite portfolio of
maintenance, registration, verification and direct
customer dealing & interaction.
 CDC has taken a competitive lead in the market
for SRS services by providing a one-window
solution to shareholders, backed by a country-
wide branch network and IT infrastructure. Also,
independent Legal and Internal Audit
departments ensure statutory and regulatory
compliances.
SRS Features
Ø Customer support services department including,
call
center with a toll free number and a dedicated
and trained
customer support team facilitating customers.
Ø Giving CDC a real edge is its Business Continuity
Program
(BCP) supported by backup capabilities to ensure
security
of information and recovery of the service
immediately in
case of any disaster
Ø Highly professional, qualified and experienced
Scope of Service
qMaintenance of computerized Members’
Register
qMaintenance of specimen signatures of share
holders
qDealing with share holders on SRS Service
Counter,
telephone and through mail.
qVerification of share holders’ signatures on
Transfer
Deeds and Proxy Forms etc.
qDividend Entitlements and Payments to share
holders
qTaking attendance of share holders in Annual
 Technology Service
Group ( TSG )
CDC Technology Services Group offers Enterprise
Information Technology based consultancy and
implementation services to its valued customers
across the following markets: Financial Services,
Telecom & Media Medium and Large Enterprises
Focusing predominantly towards Microsoft based
competencies with the right team equipped to
deliver quality services to their customers.
CDC Technology Services:

It consist of two-prong balanced approach i.e.

delivering not only the process adoption that is
most beneficial to our customer’s organization,
but also facilitating the implementation of
process adherence utilizing the best in class
enterprise technology. With this focused
approach CDC Technology Services facilitates to
businesses, the innovative and creative use of
processes and technologies helping them to
capitalize on their ‘true potential’.
Objective of CDC Services:
“To be a leading institution providing quality services
to our customers and helping them capitalize on their
true potential.”

CDC Commitment:
CDC committed to provide quality services to their
customers comparable to best in class practices. The
company’s aim is to providing its employees an
environment of professional & personal growth.
 ABDULLAH
F08MD045
Elements of Central
Depository System

There are three elements of CDS

§ Account Holders
§ Issuers / Registrars
§ Eligible Pledges
Account Holders
Account Holders are divided into two
categories:
1.Account Holder
2.Participant
Both have direct access to CDS.
All the members of Stock Exchanges, Banks
( Both Commercial and Investment ), and DFIs
are allowed to open their account as
Participants whereas, Corporate Bodies such as
Leasing Companies, Modarabas and Insurance
Companies can open their account as Account
Holders.
 Account Structure
Main Account: Each Account Holder in the system
will be allocated a main account by virtue of being an
Account Holder in the CDS. This account will mainly
be used as a transit account for movement of
securities. Any security coming in or moving out of an
account holder's family of accounts will pass through
this account.
House Account: Used for securities owned
beneficially by Account Holders.
 Account Structure
Sub-account (Client Account): used for keeping
securities belonging individually to each of those
clients of a Participant who require their securities to
be kept in a Sub Account.

Investor Accounts: Investor accounts are accounts

which can be opened and maintained by CDC
Investor Account Services.
 Issuers / Registrars
The issuers of capital whose securities are converted
from physical to electronic book entry system play a
significant role in Central Depository System. They
will also have direct access to the CDS. After a
security is declared eligible for the purpose of Central
Depository System, necessary software and CDS
connection is provided to that particular issuer upon
signing the Issuers Agreement with CDC. The shares
are entered into CDS only after proper verification by
these issuers or their registrar. This process
eliminates the problem of fake/duplicate/lost/stolen
share certificates as issuers thoroughly check them
before approving for CDS.
 Eligible Pledges
Financial institutions that lend against securities will
have their account with CDS in the capacity of
Eligible Pledges. These institutions will also have
direct access to CDS and will be provided with
necessary connection in this regard upon signing the
Pledge Agreement with CDC. Their Clients will be able
to pledge their electronic book based securities in
CDS. Once the securities are pledged in the CDS, the
control over those securities is transferred to the
eligible pledgee in the form of pledge release / call.
Nevertheless, the beneficial owner will continue to
get the benefits of corporate action on pledged
securities.
Account Holder
Account holders are allowed
to keep their beneficially
owned securities into CDS .
ELIGIBILITY CRITERIA
According to CDCPLR, any person, company,
corporation or institution may apply to the CDC
for admission to the CDS as an Account Holder.
Participant
Participants ,  apart from
keeping their beneficially
owned securities , are entitled
to have client accounting
facilities and therefore can
provide custody services to
their clients .
Eligibility Criteria
As per Central Depository Company of Pakistan
Limited Regulations it can be, Any:
• Stock broker
• Banking company within the meaning of the
Banking Companies Ordinance, 1962 (LVII of
1962);
• Company, corporation or institution to which
Section 3-A of the Banking Companies
Ordinance, 1962 is applicable; or
• Company, corporation or institution in such
class as the Board may decide.
Eligible Pledgee
Financial institutions that
lend against securities can
join CDC in the capacity of
Eligible Pledgees .
Eligibility Criteria:
Any person, company, corporation or institution in
such class as the Board may, from time to time,
determine in this behalf, may apply to the CDC for
recognition by the CDC for the purpose of
admission to the CDS as Eligible Pledgee. 
 Account Opening Process

A) The applicant initiates a written request for the

account-opening package.
B)  An account-opening package containing various
documents is sent to the applicant. The applicant
is required to fill these documents apart from
providing other relevant documents. 
C) The applicant submits the documents (complete
in all respect) to CDC.

D) Upon receipt of the documents, CDS software is

installed at the premises of the applicant.
E) A comprehensive training session is conducted
to train the users of the CDS to their satisfaction.

F) As soon as the account is activated, Ids and

passwords are sent to the Applicants
Documents
Ø Admission Form(individual, corporate)
Ø Agreement
Ø Specimen Signature Card
Ø Specimen Board Resolution(in case of
corporate account)
Other Required Documents
Ø Certified true copy of Stock Exchange
Registration Certificate (If applicable)(both)
Ø Certified true copy of Memorandum & Articles
of Association(corporate)
Ø Certified true copy of Certificate of
Incorporation(corporate)
Ø Certified true copy of Certificate of
Commencement of Business (if
applicable) (corporate)
Ø
Other Required
Documents ( cont ’ d )
Ø Security Deposit & Documentation Fee(both)
Ø Certified true copy of Banking License(if
applicable) (corporate)
Ø Certified true copy of NBFC License(if
applicable) (corporate)
Ø Certified true copy of SECP Brokerage
Certificate (if applicable)(both)
Ø Certified true copy of Minimum Subscription
Certificate and Prospectus (if applicable)
(corporate)
Issuer ( Security )
To induct a security into CDS a security must
first be declared as an eligible security (by
fulfilling the admission criteria set out in CDCPL
Regulations) for the purposes of CDS. Once a
security is declared eligible for the purposes of
CDS, the issuer is provided with the necessary
software to connect to the CDS for verification
and dematerialization of the said security and
then only it can be inducted into CDS (made
live in CDS).
The securities’ induction in CDS is done in two
phases:
• Declaring Security Eligible
• Induction of an Eligible security
Eligibility Criteria
As per CDCPLR, the Central Depository CDC can declare
any security (listed or unlisted) as an eligible security if it
is satisfied that:
The issuer has the data processing capacity and
operational capability.
The securities are valid, legal and transferable by book
entry or otherwise.
The issuer has acquired or has the capability to acquire
the capacity to communicate reliably with CDC in
accordance with the procedures.
The issuer employs or has the capability to employ
personnel familiar with the regulations and procedures to
carry out its obligations.
Induction Process :
A)Notice of Eligibility
A notice of declaration of Eligible Securities is
given to the following:
Issuer of the Security
Relevant Stock Exchange(s) - In case of a
listed security
Securities & Exchange Commission of
Pakistan
B) After the notice, a security induction
package containing Issuer Agreement,
Issuer admission form, Specimen signature
card, Board resolution and Payment advice
is sent to the Issuer.
C)  In case of New RTA: On confirmation from the
Issuer regarding availability of hardware &
CDS software is installed at Issuer's / Registrar's
premises.
D)  A comprehensive training session is conducted
to train the users of the CDS to their satisfaction.
The session explains in detail the concept &
workings of the CDS.
E)  Once the setup of the security is done in CDS;
Ids and passwords are sent to the issuers:

F)  CDC notifies all its Participants/Account Holders

either directly or through Stock Exchanges that the
security has become live in the CDS.
ALLAH RAKHA ( F08MD014 )
qTransaction AT CDC
qHow CDC works with Stock
Exchange?
 TRANSACTIONS AT CDC

Ø DEPOSIT OF ELIGIBLE SECURITIES INTO THE CDS

Ø WITHDRAWAL OF ELIGIBLE SECURITIES FROM THE
CDS
Ø FREE DELIVERIES
Ø PLACING SECURITIES UNDER PLEDGE

Ø
 DEPOSIT OF ELIGIBLE
SECURITIES
The deposit request transaction can be initiated by
an Account Holder/Participant either on behalf of
his client or on his own behalf and will result in the
cancellation of the security certificate in the name
of the current owner and an increase in the CDC’s
nominee holding in the Members’/Security Holders’
Register of the Issuer.

To give the user an overview, an outline flow-chart

of the procedures relating to Deposits of Registered
Form Securities into the CDS is given below:
 DETAILED PROCEDURE
1. Account holder/Participant will fill out a four copies of
Securities Deposit Form

2. Relevant security certificates and the signed transfer

deeds accompanying them will be attached to the
Securities Deposit Form. The Account
Holder/Participant will enter the name of the CDC as
the transferee.

3. Account Holder/Participant will then key in the data

to the system using the form as the data entry
document.
 DETAILED PROCEDURE
4. The Issuer/Transfer agent (R/TA) will mark the
appropriate spaces in the Securities Deposit Form,
indicating against each security certificate whether
it has been accepted or rejected.

5. Partial acceptance of some of the certificates on

a Securities Deposit Form will be allowed by the
System.

7. Cancellation of a deposit request will be allowed

until such time the transaction is not saved by
Issuer/Transfer agent (R/TA).
 WITHDRAWAL OF SECURITIES
The withdrawal functionality enables Account
Holders/Participants to withdraw securities from the
CDS in the form of physical certificates. Securities
Withdrawal Form will be completed by an Account
Holder/Participant either on behalf of his client or on
his own behalf and will ultimately result in the
issuance of a fresh security certificates in the name
of the transferee in the form and a decrease in the
CDC’s nominee holding in the Members’/Security
Holders’ Register of the Issuer.
 DETAILED PROCEDURE
1. Account Holder/Participant will prepare/receive
four copies of Securities Withdrawal Form

2. The relevant data in the form will be input to

the system by the Account Holder/Participant
initiating the Withdrawal Request Transaction.
 DETAILED PROCEDURE
3. The Issuer/Transfer agent (R/TA) will verify that
the Securities Withdrawal Form is properly
completed and will then execute the Withdrawal
Approval transaction.

4. After approval, fresh security certificates are

issued in the name of the transferee in the form

5. This transaction decrease the CDC’s nominee

holding in the Members’/Security Holders’ Register
of the Issuer.
 FREE DELIVERIES
An Account Holder/Participant is only allowed to
deliver securities out of his Account Family.
Participants are required to deliver securities out of
sub-accounts only after obtaining written
instructions from their respective clients.

This category of transaction also covers book-entry

deliveries between an Account Holder/Participant’s
main account, house account and the sub-accounts
maintained on the system.
 DETAILED PROCEDURE
The Free Delivery transaction does not require separate
initiation and confirmation stage. The transaction is
completed when an Account Holder/Participant enters
data into the system asking for securities to be
delivered from his account to another account. The
Account Activity Report produced by the system on
request provides the necessary documentation.
For the sake of their own documentation, Account
Holder/Participants can get their clients to fill out
standard forms when giving instructions to the Account
Holder/Participant.
If the Transaction is reject, participant can execute
another free delivery to reverse the impact of the
original transaction.
 PLACING SECURITIES UNDER
PLEDGE
An Account Holder or a Participant, acting either on his
own behalf or on behalf of his client, can place
securities under pledge to an Eligible Pledgee. Prior
written authorization from sub-Account Holders/clients
is required in case of pledge through sub-account.
Placing securities under pledge results in the securities
being flagged as no longer available for handling until
such time as they are released from pledge.
 DETAILED PROCEDURE
1. An Account Holder or a Participant, either on behalf of a
client or on his own behalf, fills out three copies of
Pledge Form

2. The Account Holder/Participant enters the pledge

transaction into the system by using the Pledge form as the
basis for data entry.

3. The Account Holder/Participant sends one copy of the

Pledge form, duly signed by the Account Holder/Participant
and his client (in case securities are being pledged on
behalf of a client) under whose instructions the securities
are being pledged to the Eligible Pledgee.
 DETAILED PROCEDURE
4. The Eligible Pledgee retains the signed form mentioned
above for its own record.

5. One copy of the Pledge Form is retained by the Account

Holder/Participant and the third copy is given to the client (in
case securities are being pledged on behalf of a client).

6. The Eligible Pledgee is to obtain printed reports from the

CDS showing the position of securities pledged to him by
various Account Holder/Participants of the Depository and/or
their clients.
 HOW CDC WORKS WITH STOCK
EXCHANGE?
CDC provides a window for stock exchange. CDC does
not involve in stock exchange Transactions. It only
keeps the track of transactions and keeps the all the
securities in it along with its owner name. take place
between two investors in stock exchange. CDC just
transfer the securities from One Investor account to
other Investor Account on behalf of those investors.
HOW CDC WORKS WITH STOCK EXCHANGE?
STOCK EXCHANGE
A B
Transaction of Securities
Tra
nsf
er
req
ues
t

Da
ta
in PARTICIPANT
pu
ti
nt
o
sy
st
me Secu
riti
es T
rans
fer
inti
mati
on
CDC

CDS
A’s B ’s
Securities transfer from A ’ s a / c to B ’ s a / c
Account Account
 DETAILED PROCEDURE
There are two parties: party A and party B, Both have
their account s in CDC,
ü A transaction take place between A and B at stock
Exchange.
ü A sells his securities to B.
ü A sent request to his participant to transfer his
shares to B.
ü Participant enter transfer request and data of into
system.
ü In CDS, Shares are transferred from A’s account to
B’s account
ü Intimation about transfer of securities are sent to
both parties
SALMAN AKMAL

F08MD043
Central depository company
( CDC )

qLegal Framework
qTechnical Info
qPerformance of CDC
qFee Schedule
qGlobal Terminal
qInternational Linkages
 Legal Framework
Central Depository Company of Pakistan Limited
was formed under Central Depositories Act 1997
which was passed on June 10, 1997. Subsequently,
Central Depository Company of Pakistan Limited
Regulations were developed and approved by the
Securities and Exchange Commission of Pakistan
(SECP).
 Legal Framework
Ø The establishment of a Central Depository System
required changes in the legal framework.
Before Central Depositories Act 1997
Ø Registered owner of securities were recognized as
beneficial owner by law. Therefore, all the rights of the
security holder (benefits & voting rights etc.) were
vested with the registered owner which was not
suitable to the depository structure.
 Legal Framework
After Central Depositories Act 1997
Ø The Central Depositories Act 1997 made it
possible to recognize the beneficial owner of
securities on the basis of holdings in depository
accounts.
Ø In the current depository structure, all securities
are registered in the name of Central Depository
Company of Pakistan Limited in the capacity of a
nominee, the account holders are considered to
be the beneficial owners of securities on the
basis of their holdings in CDS accounts.
 Legal Framework
Relevant Legislation:
Centr al Depositories Act, 1997

Central Depository Company of Pakistan Limited Regulat

as of November 6, 2009
Companies Ordinance, 1984, and 
Zakat & Ushr Ordinance, 1980
 Technical Info
CDS Network
Ø CDC's network is spread across the main trade
hub cities of Pakistan. The sites are
interconnected through highly reliable WAN links.
Ø The reliability of links is backed up with multiple
levels of redundancy. In case of a link failure, the
fallback to backup link is completely
unnoticeable.
Ø Along with reliability and redundancy, security is
one of the most important concerns for CDC.
Confidentiality and authenticity are ensured for
all transactions that are carried over the network.
 Technical Info
CDS Network
Ø Stock users are connected through resilient
and dedicated links while clients other than
stock users (external clients) connect to the
CDC network through dial-in to our local point
of presence by using Pakistan
Telecommunication Corporation Limited’s
Public Switched Telecommunication Network
(PSTN).
 Technical Info
CDS Software:
Ø CDS is a menu-driven client/server application
system. The Graphic User Interface based
proprietary client runs on a Microsoft Windows
based PC.
Ø The Client neither stores users’ data nor
executes the application logic; instead the
customer data as well as application logic
resides on the central server managed by CDC.
The installation and set-up of the proprietary
CDS Client at customer site is supported by the
Customer Network Support Services.
 Technical Info
CDS Hardware:
CDS Client is an Intel based PC with a LAN
card for the users at local stock exchange
and a standard modem for the remote users.
 Technical Info
Security Measures:
To ensure utmost security of information, multiple
levels of protection have been deployed to create an
impregnable system for hackers and unauthorized
users. Some of the major security measures include:
Ø Terminal Authentication
 
 Technical Info
Security Measures:
 
Ø Virtual Private Network (VPN)
Ø Various Firewalls
Ø Segregated User Level Authorities
Ø CLI binding Servers - The central servers comprise
of powerful, fault tolerant and redundant servers
with large storage devices and fast archival
systems at the primary site.
 Performance at a glance
Performance at a On June 30, 2008 On June 30, 2009 On October 31, 2009
glance

Number of shares in CDS 55.69 65.08 70.10

(in Bn)

Market Capitalization of 2.097 1.148 1.452

shares in CDS (in Trillion)

% of shares in CDS w.r.t. 80.10% 83.33% 84.97%

total share capital

Total number of Investor 43,985 51,984 52,865

Accounts

Number of Securities in 15.412 20.199 20.151

Investor Accounts (in Bn)
 Fee Schedule
In spite of the high inflationary pressures,
CDC has not revised its fee structure. In fact,
a friendlier tariff package has been
introduced. This is inline with our prime
objective that is to cater to the needs of
industry growth.
 Fee Schedule
The fee structure for trustee services is as follows:
Net Assets Tariff
(Rupees)

from to
1 1 billion Rs. 0.3 million or 0.15% p.a. of
Net Assets, which ever is higher

Above 1 billion 3 billion Rs. 1.5 million plus 0.10% p.a. of

Net Assets, on amount exceeding
Rs. 1 billion

Above 3 billion 6 billion Rs. 3.5 million plus 0.08% p.a. of

Net Assets, on amount exceeding
Rs. 3 billion

Above 6 billion - Rs. 5.9 million plus 0.06% p.a. of

Net Assets, on amount exceeding
Rs. 6 billion
 Global Terminal Facility
Ø All CDS elements are required to access CDS
through their authenticated terminals only. For the
benefit of its clients, CDC has provided computer
terminals at its premises to be operated by clients
(all CDS elements), in case of any technical
problem at their end. With this facility, clients can
directly log on to their accounts from CDC premises
and complete their transactions.
Ø Clients are required to bring a request letter duly
signed by the authorized signatory (ies) of the
account to avail this facility.
 International Linkages
CDCPL(Central Depository Company of
Pakistan Limited) is an active member of the
following regional and international bodies /
entities:
Ø ACG – Asia-Pacific Central Securities
Depository Group:
In 2006, CDC hosted the 10th Annual General
Meeting of the Asia Pacific Central Securities
Depository Group (ACG), which was attended by
around 60 delegates from 18 countries of the region
as well as chairpersons of major financial regulatory
bodies of the country. CDC was also the ACG
Secretariat for 2007.
 International Linkages
Ø ANNA – Association of National Numbering
Agencies
CDC is the sole National Numbering Agency (NNA)
for Pakistan and issues ISIN to standardize
identification of local securities for trading and
settlement in the country and abroad. ISIN
(International Securities Identification Number) is the
unique identification number assigned to identify
securities worldwide. Similarly
Ø ISSA – International Securities Services Association
Ø FEAS – Federation of Euro-Asian Stock Exchanges
Ø SAFE – South Asian Federation of Exchanges
 International Linkages
Affiliations
Memorandums of Understanding (MoUs):
To avail benefits of cross-border cooperation, explore
avenues of mutual assistance and enhance
coordination with international depositories, CDC has
signed a number of Memorandums of Understanding
(MoUs) with regional and international depositories.
 International Linkages
These include:
Ø  Japan Security Depository Centre, JASDEC
Ø Depository Trust & Clearing Corporation (DTCC),
U.S.A.
Ø Thailand Securities Depository (TSD), Thailand
Ø Abu Dhabi Securities Market (ADSM), U.A.E.
Ø Dubai Financial Market (DFM), U.A.E.
These MoUs entail cooperation in the areas of
technology exchange, operational procedures,
mechanism for cross-border listing of securities and
exchange of information.
FAWAD AHMED MIRZA
F07MD055
 Capital Market
Development
CDC has been the leading force in Capital Market
development through initiatives for the creation of an
efficiently functional marketplace and making a
remarkable difference to how it operates. Due to CDC’s
efforts, synergy among the top 6 constituents of the
Pakistan Equity and Capital Markets has been achieved.
These are
Securities and Exchange Commission of Pakistan(SECP),
State Bank of Pakistan, country’s three stock exchanges
– Karachi Stock Exchange(KSE) in particular,
National Clearing Company(NCCPL), Central Depository
Company(CDC) itself and most importantly, the market,
which comprises of brokers, AMCs, mutual funds and
investors.
 Capital Market
Development
Genuinely speaking, CDC has directed all its
efforts towards integrating people, processes
and systems. We have focused  primarily on
empowering the people, safekeeping their
assets and investments and secondarily on the
improvement of markets and systems.
National Clearing
and Settelement
System ( NCSS ):
Formulated by the CDC management, National
Clearing Company operates the National
Clearing and Settlement System (NCSS),
another capital market infrastructure
mechanism, providing settlement and clearing
facilitates to all three exchanges for trades in
eligible securities.
National Clearing
and Settelement
System ( NCSS ):
Formerly managed by the CDC management,
NCCPL is registered as a separate legal entity
and now independently manages the National
Clearing and Settlement System (NCSS).
Investment Road
Shows :
With a vision for wide scale development of the Pakistani
Capital Market and to educate investors throughout
Pakistan, Central Depository Company launched a series
of Investment Road Shows in 2005. These target-driven
events have now transformed into a platform for the
capital market leaders and executives to meet and
interact with the investors and stakeholders. The road
shows have become a channel in educating the investors
about the workings of Pakistani Capital Market &
investment opportunities and clearing misconceptions
about associated risks. These events have also been
helpful in attracting household savings from the common
investors towards more productive, economy-building
causes.
Investment Road
Shows :
With a vision for wide scale development of the Pakistani
Capital Market and to educate investors throughout
Pakistan, Central Depository Company launched a series
of Investment Road Shows in 2005. These target-driven
events have now transformed into a platform for the
capital market leaders and executives to meet and
interact with the investors and stakeholders. The road
shows have become a channel in educating the investors
about the workings of Pakistani Capital Market &
investment opportunities and clearing misconceptions
about associated risks. These events have also been
helpful in attracting household savings from the common
investors towards more productive, economy-building
causes.
Choronology of
Events :

Sialkot
Peshawer
Hyderabad
Capital Market
Days :
Apart from covering 8 local cities in Pakistan, CDC
has taken the road shows to Abu Dhabi and Dubai in
2006 and held similar events in London (in
collaboration with London Stock Exchange) and in
New York (in collaboration with Citibank and The
Bank of New York Mellon) in July 2007. These events
by the name of Capital Market Days have played a
key role in foreign-investor relationship development
and increasing the investment base & foreign
investment volume in Pakistan. These events have
enabled face-to-face dialogue between corporate
entities and fund managers/institutional investors
who are interested to invest in the country.
CDC Access
Introduction:
CDC Access- Worldwide Access to CDC Accounts
In a drive to increase customer convenience for
investors to benefit from electronic custody &
settlement of securities, CDC has started multiple
channels for investors to access their electronic
securities portfolio through its innovative service-
range
CDC customers can access their account information
through services, which include
IVR (Interactive Voice Response), Web and SMS
facilities.
CDC Access
IVRis a round-the-clock Interactive Voice Response
system supported by a state-of-the-art call centre,
toll free number 0800-CDCPL (23275) and dedicated
customer support staff.
CDC Access – Web enables Investor Account
holders to access their account information through
https://www.cdcaccess.com.pk
CDC Access– SMS gives an added level of
convenience to investors by providing them their
account info on their mobile screens.
CDC Access
Web Kiosk and IVR Phone Booth are two
especially tailored facilities for CDC’s walk-in
customers at the CDC House (Shahra-e-Faisal,
Karachi), enabling them to access
https://www.cdcaccess.com.pk through the
touch-point kiosk machine installed in the
waiting lobby. Similarly, they can access the CDC
Access – IVR and / or talk to a customer
relationship officer through the nearby IVR Phone
Booth. 
Your CDC
Relationship Number :
To register for availing CDC Access – IVR,
Web and SMS services, you would be
required to fill in your CDC Relationship
Number on the CDC Access – Registration
Form. Your CDC Relationship Number is the
combination of Investor Account
Services(IAS) ID and your account number.
 
Your CDC
Relationship Number :
Generation of T -
Pin :
Call at 0800-CDCPL (23275).
After selecting the language preference,
press 1 for self service.
Enter your 12 digit CDC – Relationship
Number (which is a combination of IAS ID
and your Investor Account Number)
Generate your 4 digit T-Pin.
Generation of T -
Pin :
CDC Access - Registration Form:

Please click on the link to download the

Registration Form The form can also be obtained from the Customer
Support Front Desk at CDC Offices.
 
Activation of CDC Access - Services:
 
Submit completely filled
Registration Form duly signed by the authorized signatory(ies) at
the CDC Customer Support Front Desk or send it to the CDC Office
where you are maintaining your Investor Account. Also affix the
company stamp in case you are a corporate client.
CDC Access -
Interactive Voice
Response ( IVR ):
CDC Access – IVR is a round-the-clock Interactive
Voice Response system supported by a state-of-the-
art call center, toll free number and dedicated
customer support staff.
For callers in Pakistan, this facility is provided
through 0800 – CDCPL (23275). Overseas callers can
dial +9221-4326038. The IVR service is available
24/7 while the dedicated customer relationship
representatives are available for assistance during
office hours (9am to 6pm PST – Monday to Saturday).
The key activities provided through CDC Access – IVR
service are as follows:
CDC Access -
Interactive Voice
Response ( IVR ):
Balance of a specific security
Balance of last three active securities
Balance of all securities
Account Activity Report
Cash Balance
Cash Activity Report
Requisition of Transaction Order (T.O) Book
Change of contact numbers
CDC Access - SMS :
CDC Access – SMS gives an added level of
convenience to investors by providing them
their account info on their mobile screens
through short messaging service alerts.
CDC Access – SMS service is a one-way
account information facility provided on
national cellular networks only. Information
about the following activities is provided
through this service:
CDC Access - SMS :
Approval and rejection of deposit transactions
Transfer of book-entry securities (delivery out) from your IAS
Account
Credit of corporate action entitlements such as, bonus/right
shares and new issues
Pledge transactions pertaining to your account
Dispatch of Transaction Order Book (T.O. Book)
Change in your account’s registration details
Change of your CDC Access – IVR T-PIN
Reminder for depositing cash to avoid inconvenience
Due date for the annual fee
Listing/Delisting of securities in CDS
Change in the Security Name and Symbol
CDC Access – WEB
Registration Details of your Investor Account
 
Account Balance(For any given date):
 
Securities Balance – Balance of securities held in your
account
Cash Balance – Cash available in your account for
transactions
CDC Access – WEB
Account Activities(For any given period):
 
Securities Activity – Detail of securities’ movement
pertaining to your account
Cash Activity - Detail of cash deposited and cash
consumption for transactions pertaining to your
account
Pledgor Balance / Activity Report - Detail of securities
pledged in your account and their subsequent ‘Call’ or
‘Release’ by the respective Pledgee
CDC Access – WEB
Other Reports:
 
Deposit Report – Detail of deposit of physical
certificates in your account for conversion to electronic
book-entry form
Withdrawal Report - Detail of withdrawal of
securities from your account in the form of physical
certificates
Billing Information – Detail of amount charged
against transactions & other services pertaining to
your account
CDC Access – WEB
Other Reports:
 
Deposit Report – Detail of deposit of physical
certificates in your account for conversion to electronic
book-entry form
Withdrawal Report - Detail of withdrawal of
securities from your account in the form of physical
certificates
Billing Information – Detail of amount charged
against transactions & other services pertaining to
your account
CDC Access – WEB
Service Request:
 
Service Request Status - Detail of services requested
by you and their status
New Service Request - Facility to make service
requests pertaining to your account, like changes in
Registration Details or request for a new Transaction
Order (T.O) Book, etc.