Central Securities Depository Of IRAN

 

 

Brief Introduction

 

The agreement was signed between Central Securities Depository of Iran and Japan Securities Depository Center, Inc. (JASDEC) on December 5, 2016, on the sidelines of the 20th General Meeting of the Asia-Pacific CSD Group (ACG) hosted by CSDI in Tehran.

 

 

Objectives

 

• Exchange of knowledge in the fields of CSD operations, technology, executive models, rules and regulations
• Strengthening understanding, knowledge and mutual access to information of other party’s capital markets

 

 

An Introduction to Japan Securities Depository Center, Inc. (JASDEC)

 

JASDEC plays a unique role as an organization responsible for operating a comprehensive securities settlement infrastructure system in Japan. Under the Act on Book-Entry of Corporate Bonds and Shares in Japan, JASDEC is designated as a central securities depository (CSD) by the Financial Services Agency and the Ministry of Justice, and provides settlement and related services for a wide range of dematerialized securities trading in the capital markets, including listed shares, corporate bonds, municipal bonds, commercial paper and investment trusts.

JASDEC has played a central role in securities settlement system reform in Japan, working with a wide range of stakeholders to introduce accurate and efficient systems while ensuring stable operations. As the environment surrounding capital markets changes─ placing more diverse demands on CSDs and necessitating ongoing technological reform─ it will continue to address the needs of our stakeholders rapidly and flexibly while working to deploy ever more stable and reliable systems, supported by a sound management foundation. 

JASDEC hopes that realizing even higher levels of trustworthiness, convenience and efficiency, can contribute to activating and improving the competitiveness of Japan's capital market. 

JASDEC recognizes the public importance of its role as a CSD, and will contribute to social progress and prosperity by helping to improve capital market functions through the provision of highly reliable, convenient, and efficient services. 

JASDEC will achieve these goals through continual reform from the perspective of users, including investors, issuers, and market intermediaries, in response to structural and environmental changes affecting capital markets both in Japan and internationally.

 

 

Joint Projects

 

• Official visit by Iranian capital market delegation to Japan

 

For the first time, the CEO (Mohammadreza Mohseni) and two members of the CSDI Board of Directors (Hossein Fahimi and Vahid Bagheri) visited the financial markets of Japan at the official invitation of Japan Securities Depository Center, Inc. This trip took place in March 2017 to review the implementation strategies of the memorandum of understanding concluded a year earlier between the two companies. 

The CSDI delegation held several meetings with various officials of the country's capital market. At the end of the meetings, it was decided to establish several joint working groups to hold specialized training courses and present the latest achievements, especially in providing electronic services to stakeholders.

 

• Head of Japan International Cooperation Agency visits CSDI

 

Since one of the provisions of the Memorandum of Understanding between CSDI and JASDEC is cooperation in the field of technical infrastructure equipment, Japan International Cooperation Agency (JICA) was introduced by JASDEC to fulfill the project. Therefore, the representative of this Japanese organization visited CSDI in February 2017 and in a meeting with the CSDI CEO, both parties reviewed the strategies for expanding bilateral cooperation.

 

• Cooperation in framework of Asia-Pacific CSD Group (ACG)

 

Central Securities Depository of Iran has been a member of the Asia-Pacific CSD Group (ACG) since 2012 and is a member of the ACG Executive Committee since 2016. On the other side, JASDEC is also a member of the group's founding board in 1997 and a member of its Executive Committee. The co-membership has paved the way for cooperation between the two companies in various fields, especially on the exchange of knowledge and experience and the promotion of multilateral cooperation between the two companies. 

In addition, CSDI and JASDEC in the form of the "Exchange of Information" task force have started their cooperation to facilitate the transfer of knowledge and information to the members of the Task Force.

 

• Cooperation in the field of standardization of pre-trade and post-trade operations in the field of mutual funds

 

CSDI and JASDEC are cooperating on the project of standardization of pre-trade and post-trade measures of Asian Central Securities Depository Companies in the field of mutual funds and facilitating cross-border transactions involving the financial instrument in thirteen Asia Fund Standardization Forum (AFSF) member countries.