FEAS Yearbook FEAS Yearbook 2017 | Page 61

Established: 2005

CEO: Mr. Hossein Fahimi

Address: #13,Naderi Street, Italy Intersection,

Keshavarz Boulevard; Tehran, Iran;

1416643168

Contact Name: Mr. Mohammad Sajjad Siahkarzadeh

Email: [email protected]

Website: en.csdiran.com/

Yearbook 2017

About Central Securities Depository of Iran

Organization Overview

Founded in 2005 as a public joint stock company, Central Securities Depository of Iran (CSDI) is the sole registry entity and custodian in the Iranian capital market using the hybrid registry system with a fully dematerialized book entry system. Enjoying a history of 50 years, the Iranian capital market was demutualized in 2005 and as a result, CSDI was legally segregated from the rest of the capital market and commenced to work as an independent and separate entity. It is the central registrar and clearing house for all the exchanges in Iran including Tehran Stock Exchange (TSE), Iran Farabourse (IFB), Iran Mercantile Exchange (IME), and Iran Energy Exchange (IEE). It takes over the registry, clearing, and settlement issues related to equity, Islamic securities (Sukuk), derivatives, energy contracts, electricity, mercantile products by means of a full-fashioned registry system and multi-currency (USD, IRR, Euro) with a high netting efficiency of 85 percent. The prospects of CSDI are to prepare the infrastructures indispensible for the efficiency, continuity, and growth of the economy of the markets under its cover.

Membership in International Organizations

- Federation of Euro-Asian Stock

Exchanges (FEAS),

- Asia-Pacific CSD Group (ACG),

- Interexchange Electronic Union (IEU),

- Organization of the Islamic Cooperation

(OIC),

- Asia fund Standardization Forum (ASFS),

- Chief Information Security Officer (CISO).

Regulatory body

Securities and Exchange Organization of Iran (SEO).

Ownership

The share of the CSDI belongs to:

Securities and Exchange Organization of Iran (SEO),

Tehran Stock Exchange (TSE),

Iran Mercantile Exchange (IME),

Iran FaraBourse (IFB),

the beneficiaries of the CSDI service including brokers, banks, investment companies etc.

CSDIran future plans :

- Safeguarding clients’ assets.

- Providing a proper platform for foreign investors into the Iranian market.

- Reforming interest distribution and risk management mechanisms such as taking steps to designing DVP2 settlement model and playing complete role of CCP .

- Delivering optimized services to Capital Market. beneficiaries

The capital of the CSDI is made up of 500 million shares.

Click here to read about CSDI accomplishments in 2017 and most prominent E-services.

Mr. Hossein Fahimi

CEO of Central Securities Depository of Iran

61

Go back to Tehran Stock Exchange's Page.