CSDI UNVEILS INVESTOR'S PLATFORM AT INTL ELECOMP 2019 EXHIBITION WITH ECONOMY MINISTER IN ATTENDANCE
CSDI unveils Investor's Platform at the international Elecomp 2019 Exhibition with Economy Minister, Farhad Dejpasand, in attendance.
Central Securities Depository of Iran (CSDI) unveils Investor's Platform, DARA, on the sidelines of the International Electronic, Computer & E-Commerce Exhibition (ELECOMP 2019) in Tehran on 20 July 2019 with Economy and Finance Minister, Farhad Dejpasand, in attendance.
Dejpasand hailed the launch as a novel initiative to better serve investors as the main stakeholders in the capital market.
He said, "It is remarkable how recent technology breakthroughs can develop the business," and expressed hope these efforts will ultimately lead to witnessing Iran's capital market turning into one of the world's top ten fully electronic stock exchanges and trading platforms.
Later on, the Chief Executive Officer of Central Securities Depository of Iran (CSDI) said, "In 2018, CSDI launched its state-of-the-art e-KYC Comprehensive Information Gathering System (CIGS) to see over 1.2 million investors and capital market players registering themselves with least amount of paperwork and in the shortest possible time to open trading account using CSDI's one-time electronic Know Your Customer (KYC) form.
Chief Executive Officer of CSDI, Hossein Fahimi, also said, "The CSDI's investor's platform (DARA) will also provide a wealth of information to shareholders so that capital market players from around the world can obtain the information they need from this system."
He went on to say that, "The first dashboard that users will have access to is the 'Asset Portfolio.' That is, every single individual will be able to access the composition of one's asset as well as its volume per ticker symbol, which will include a range of information including Rial value, number of shares, percentage of total and type of asset. In addition, this portfolio has the ability to search on a time-lapse basis. A service that users were previously required to visit the Depository in person."
According to Fahimi, the second dashboard provides "Turnover Report" to the capital market stakeholders. This service is very important because in addition to providing a new report to shareholders, it also allows them to monitor their activity and prevent any possible violations and anomalies.
The third is reportedly the "assemblies" dashboard, through which shareholders will be able to centrally access information regarding issuers' general assemblies. The shareholders have access to the list of general assembly meetings, and by clicking on any of them, one can retrieve announcements and keep track of the details of the meeting.
Considering that the investors are one of the main stakeholders in CSDI, Dara System is an electronic portal for investors and aims to integrate e-services.
The services offered to investors include those available on the official website and the ones on their mobiles and other portable devices such as notebooks.
At CSDI, technology plays a crucial role in every aspect to enhance productivity, reduce costs, facilitate and speed up public services and increase security and reliability.
In this regard, in recent years, CSDI has undertaken various activities to provide stable, efficient and secure electronic platforms for the development of the country's capital market.
Release Date: 2019-07-20