KARACHI -Central Depository Company of Pakistan (CDC) has implemented eStatement and eAlerts to ensure greater transparency by keeping the investors constantly updated about their investment portfolio in the CDS. The two value-added and free facilities are aimed at ensuring added convenience to CDS Account Holders by keeping them constantly updated about account information via email. While e-Statements have already been launched for investor account holders, eAlerts is an added feature for both investor and sub account holders.
By opting for e-Statements, CDS account holders will be able to receive their account balance statements through email on their registered email addresses. While through eAlerts they will be able to receive real time transaction alerts in their email inbox. CDC has strongly urged its CDS Account Holders to register their email addresses with their respective Participant (stock broker) or CDC (in case of IAS) to avail these services.
While CDS Account Holders have a choice to opt for e-Statements on a monthly or quarterly basis, e-Alerts will be sent on specific transactions on for example in the case of transfer of securities from the account, intimation of securities pledged from the account, intimation of withdrawal request and intimation of subscription of right shares.
CDC, has indicated that it strives to always been proactive towards the provision of quality services to its clients. Given the need for accurate and timely information in the realm of strategic decision making, CDC is cognisant of this need.
CDC Access has SMS alerts, Web and IVR services under its umbrella. CDC has indicated that by implementing such value driven services, it can better serve the market while ensuring transparency.
