Protecting interests: CDC reduces investor account fee
Investors can now open and maintain an investor account with the CDC for only Rs550
PHOTO: AFP
KARACHI:
With the aim of ensuring investor protection, the Central Depository Company (CDC) has reduced the annual maintenance fee for its investor account by 27%, effective from July 2017.
Investors can now open and maintain an investor account with the CDC for only Rs550, instead of the previous fee of Rs750.
Through the CDC’s Investor Account Services, capital market investors can directly open and maintain accounts in the Central Depository System for a secure and safe custody of securities.
The investor account offers investors direct access to their securities and is operated by the CDC on their instructions.
Investor account holders are also offered free value-added services that include comprehensive web access, e-alerts, SMS alerts, IVR, online transactions through web portal and mobile application.
Published in The Express Tribune, August 4th, 2017.
With the aim of ensuring investor protection, the Central Depository Company (CDC) has reduced the annual maintenance fee for its investor account by 27%, effective from July 2017.
Investors can now open and maintain an investor account with the CDC for only Rs550, instead of the previous fee of Rs750.
Through the CDC’s Investor Account Services, capital market investors can directly open and maintain accounts in the Central Depository System for a secure and safe custody of securities.
The investor account offers investors direct access to their securities and is operated by the CDC on their instructions.
Investor account holders are also offered free value-added services that include comprehensive web access, e-alerts, SMS alerts, IVR, online transactions through web portal and mobile application.
Published in The Express Tribune, August 4th, 2017.