Qatar has launched a new CSD, Qatar Central Securities Depository (QCSD), which is owned by Qatar Central Bank and Qatar Exchange.
QCSD went live on January 2 and took over the responsibilities previous handled by the Qatar Exchange’s central registration depository.
Qatar Exchange has linked its systems to QCSD to transfer all shareholder records, and now QCSD’s functions include safekeeping, management, ownership, clearing and settlement of securities and other financial instruments. It also provides related financial services, including registration, acceptance and transfer of government bonds and treasury bills; DvP (delivery vs. payment) implementation; securities lending and borrowing settlement, management and follow-up of the non-Qatari shareholders’ equity; registration and authorization of ETFs; and participation in Initial Public Offerings (IPOs).
In order to apply corporate actions to the shareholders’ registry, a company needs to have “all potentials required to facilitate the affairs of the shareholders and customers through the customer service lounge and QCSD website,” the Qatar Exchange says.
Qatar Launches CSD
Qatar has launched a new CSD, Qatar Central Securities Depository (QCSD), which is owned by Qatar Central Bank and Qatar Exchange.
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