Central Depository Company of Pakistan (CDC) is a Pakistani

central securities depository A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily tra ...

company which provides services for equity, debt and other financial instruments. It is based in

Karachi Karachi is the capital city of the Administrative units of Pakistan, province of Sindh, Pakistan. It is the List of cities in Pakistan by population, largest city in Pakistan and 12th List of largest cities, largest in the world, with a popul ...

, Pakistan. CDC is regulated by the

Securities and Exchange Commission of Pakistan The Securities and Exchange Commission of Pakistan (SECP) (), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objectiv ...

. The current CEO is Badiuddin Akber.

History

Central Depository Company was founded in 1997. In 1999, the CDC introduced Investor Account Services, allowing both

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...

and corporate investors to open and maintain custody accounts directly with the company. The CDC expanded its services in 2002 with the launch of Trustee and Custodial Services. The service functions as a trustee to open-end and closed-end mutual funds and voluntary pension schemes. In 2008, the company established CDC Share Registrar Services Limited, a wholly-owned subsidiary. It provides registrar and transfer agent services to share issuing companies, handling customer interactions on behalf of these companies. ITMinds Limited, another wholly-owned subsidiary of the CDC, was established in 2009. The subsidiary provides business process outsourcing (BPO) services, focusing on back office accounting functions for the

mutual fund A mutual fund is an investment fund that pools money from many investors to purchase Security (finance), securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in ...

industry. In 2014, the CDC launched the Centralized Information Sharing Solution for Insurance Industry (CISSII). Managed by the CDC, CISSII is an online platform designed to facilitate information sharing within the

insurance industry Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

, covering aspects such as claims processing,

risk management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ...

, agent activities, and group life claims experience. In 2017, the CDC introduced eServices, a web portal providing services such as the Centralized eIPO System, which allows for electronic applications for share subscriptions, and the eDividend Repository, which provides investors with consolidated information on cash benefits and

dividend A dividend is a distribution of profits by a corporation to its shareholders, after which the stock exchange decreases the price of the stock by the dividend to remove volatility. The market has no control over the stock price on open on the ex ...

disbursements.

Shareholding pattern

References

{{DEFAULTSORT:Central Depository Company Pakistan Stock Exchange Companies based in Karachi Central securities depositories Financial services companies established in 1997 Pakistani companies established in 1997

History

Shareholding pattern

See also

References