Central Securities Depository of Iran is a journey that began with a dream and withstood the challenge of time. In line with its Vision, CSDI has evolved as an investor-centric organization led by a competent team of professionals giving us width, proficiency and capability to succeed. The Depository has strived to embrace world-class technology and processes, implementing them at many levels.
With time and geographical constraints amongst many factors driving change in the voting process, CSDI has been looking to hold virtual meetings to implement a more efficient method to obtain shareholder votes and use the concept of 'e-voting', whereby members or shareholders can vote on resolutions via an electronic system. This year the company did for the first time in the Iranian capital market history hold its annual General Assembly meeting electronically; an experience which proved success.
CSDI also started registering, depositing and settling new financial instruments including a specific variant of Sukuk securities.
CSDI core values i.e. investor focus, meeting commitments, simplicity, teamwork and trust among people are engrained in each of the employees; this is what forms the belief of CSDI and drives us to excel.
In the meantime, it is the policy of Central Securities Depository of Iran to prohibit and actively prevent money laundering and any activity that facilitates money laundering or the funding of criminal activities by complying with all applicable requirements. Here the CSDI established a special committee to see into the matters and held anti-money laundering training sessions for all of the employees and staff.
In November, an Extraordinary General Meeting of the shareholders was at our headquarters in Tehran where new members were elected to stand at the CSDI Board of Directors.
Among the decisions by the previous members of the Board was amendments to the organizational chart of the Depository under which the Settlement Department was divided into the Securities Exchanges and the Mercantile Exchange settlement departments.
While sectors evolve and the economy changes, we adapt and our business lasts.
Our core values have not only shaped our destiny, but also have reposed our customers trust on us. We are not just trying to provide best services possible throughout the Iranian capital market; we are creating relationships with the customers that are everlasting.
Chance favors only the prepared mind. We will gear up for innovation, strike a balance between growth and profitability, as well as striving to be a sustainable and risk-resilient depository.
Federation of Euro-Asian Stock Exchanges
Central Securities Depository of Iran
90
Hossein Fahimi
CEO and Board Member
Central Securities Depository of Iran
Organization Overview