Central Securities Depository Of IRAN

 

In an age of instant satisfaction, capital market players in Iran seeking a new transaction code to access stock markets will no longer have to wait 24-48 hours for the number to be released. 

 

Central Securities Depository of Iran launched a new online service better known as the Comprehensive Information Gathering System (CIGS). 

 

The service enables new and existing clients to register themselves and submit the necessary information with instant approval and immediate release of Transaction Code for new clients. 

 

Both the CIGS system as well as instant T-code issuance services are a first in Iran. 

 

Traditionally, it could have taken up to two or three days for clients' to receive a Transaction Code to access the market. 

 

But with CIGS, customers can receive real-time approval and release of the number without physical documentation.

 

To use this service, anyone including customers and brokerage firms applying for a T-code can submit an online application via CIGS, where they will be prompted to register as a first time user and submit all the in-formation and documents required i.e. birth certificate, ID national number etc. once and for all. 

 

Then, CIGS will retrieve personal data from relevant government agencies to verify the information submitted in the relevant fields such as a customer’s official name and registered address etc.