Central Securities Depository Of IRAN

 

Introduction

Central Securities Depository of Iran developed the DANESH system to automate and streamline its internal processes for the sake of optimum quality, swiftness and authenticity in providing services to its clients.

Due to the ever-increasing processes of CSDI and the importance of accuracy and agility in their implementation, creation of DANESH system took priority.

The system was launched in 2016 and merely executed dividend distribution its early phase.

However, in response to the needs of different departments, other tasks such as managing guarantees and power of attorneys, answering inquiries, issuing trading accounts, modifying investors’ specifications, management mortgage rights, generating reports and sending SMS were supplemented to it.

In 2017, an upgraded version was made available to the CSDI employees.

 

Service Provider	CSDI
Beneficiaries	Related Departments at CSDI 1. Equity Market Settlement Department (collaterals, dividend distribution and SMS dashboard) 2. Commodity Market Settlement Department (collaterals, dividend distribution and SMS dashboard) 3. Legal Affairs Division (power of attorney dashboard) 4. Shareholders Operations Department (issuing new trading accounts, modification of a shareholder's personal information) 5. Financial Affairs Department (dividend distribution dashboard) 6. Issuers' Affairs Department (mortgage rights and reporting dashboard) 7. Public Relations (SMS dashboard) Supervisory entities such as the Securities and Exchange Organization, the Judicial Branch, the  Ministry of Intelligence, etc.
Linking with Other Systems & Entities	Post-trade system: via web-service CBI Services: via web-service Electronic payment system (SEPAS): via web-service Inquiry of Code Faragir for foreign investors: via web-service Short Message Service (SMS): via web-service Office automation: via web-service Issuers electronic system (DANA)
Objectives	To streamline customer services To maximize authenticity and to minimize errors To accelerate processes To allow stakeholders to trace requests online To expedite review and report generation process To dematerialize processes To automate operations Provide a comprehensive and integrated database as a foundation for the other systems in particular KARA (Brokers Electronic Portal), DARA (Investors’ Electronic Portal) and DANA (Issuers Electronic Portal)
Unveiling date	2017

 

Features

1. Dividend Distribution

• Management of dividend distribution
• Generating financial reports

2. Companies’ capital increases

3. Mutual funds management  

4. Collateral Management 

• To register, extend, reduce and redeem collaterals
• To monitor maturity dates
• To transfer credit limit data to brokers

5. Mortgage Rights

The Issuers' Affairs Department examines lists of mortgage rights and applies them into the post-trade system.

6. Reporting

IX Reporting System provides sets of reports to various departments at CSDI, separately provided to each department based on their specific needs and requirements.

7. SMS

There are two departments use the Short Message Service (SMS) provided by DANESH system.

• Public Relations Department: to send notifications, greetings and other variety messages on different occasions
• Equity Market Settlement and Commodity Market Settlement departments[SA1] : to declare dividend distribution to the beneficiaries.

8. Issuance of Trading Accounts

Here, applications for institutional trading accounts submitted by brokerage firms through "Brokers Electronic Portal" or KARA are screened and accounts will be subsequently issued. In this dashboard, essential legal inquiries and verifications are executed through various channels.

9. Shareholders Information

CSDI checks, updates or modifies shareholder's information such as identification, contact information, bank account number (for dividend distribution), etc

 

SEPAS is only available to CSDI’s personnel