Function of Clearing And Settlement Department (Share) of Dhaka Stock Exchange, DSE

24/02/2013 15:39

General Shares:

  • Reception, reconciliation and delivery of shares to member houses everyday.
  • Assurance of share settlement and clearing in time.
  • Settlement of margin
  • Taking necessary actions in case of violation of margin rule by member firms.
  • Preparation of list of defaulter members and adoption of necessary actions against the defaulters.
  • Preservation of DSE share volt.
  • Communication with listed companies as and when requires.

Disputed, Odd Lot, Block Shares & Spot Trade:

  • Verification of disputed share (fake, reported, lost, stolen) settlement and correspondence with listed companies and member firms in this regard.
  • Supervision of receiving and delivery of good shares against any defective share.
  • Arrangement of receiving and delivery of odd lot shares and block shares.
  • Settlement of spot transaction of physical shares.
  • Settlement of spot transaction of CDBL shares.
  • In case of default in settlement of spot transaction of physical shares and CDBL shares, proper reporting for the suspension of defaulter member.
  • Settlement of bonus, dividend and other benefits on demate shares not transferred into CDBL for unavoidable circumstances.
  • Assurance of share settlement and clearing in time.
  • Preparation of defaulter list.
  • Preparation of selling out and buying in list of shares.
  • Communication with listed companies as per requirement.

 

DSE Full Service DP:

DSE DP provides DP services to brokers and dealers who are trading participants that is who cannot provide DP services to their clients.

Demate/ Remate Activities:

Completion of all activities relating to the conversion of shares from physical to electronic from (Demate) or electronic to physical form (Remate)

  • Verifications and receiving of physical share in order to demate shares.
  • Entrance of shares off line.
  • Upload of shares on line.
  • Check up of demate confirmation.
  • Check up of demate pending status, collection of pending shares and re-entry of rejected physical shares.
  • Verification of demate share in order to remate shares.
  • Entrance of shares off line.
  • Upload of shares online.
  • Check up of remote confirmation.

BO Account Services:

  • Opening of BO Accounts for beneficiary owners account holders refereed by trading participants.
  • Providing services to beneficiary owners in time.
  • Reception of pay in form, verification of signature of BO and existence of shares.
  • Pay in set up of shares off line and upload online.
  • Reception of pay out from members, verification of signature and the existence of shares.
  • Approval of pay out by another person and upload online.
  • Liaison with issuer to solve the demate problem.
  • Liaison with BO account holders and answer their quarries.
  • Liaison with CEO and other departments.
  • Liaison with CDBL.

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