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Vision/Mission/Core Values/Timeline of Achievements

Our Strategy,
Values and Legacy

Vision

To be a world-class institution providing innovative and reliable services primarily to the capital and financial markets, stimulating business growth and maximizing benefits for all stakeholders.

Mission

Provide secure, reliable and innovative solutions that systematically reduce risk, enable transparency and bring efficiencies to Capital & Financial markets.

To be the centre of excellence by continuously employing state of the art technology and best talent in the country while maintaining good corporate governance.

Ensure to provide employees with an environment of professional & personal growth and; to society, we firmly believe in giving back to the community.

Core Values

Our corporate values represent the core priorities in the organization’s culture. Adherence to these values makes it possible for us to continue on the road to sustainable development. Dispensing with our corporate responsibility, we are able to honour our commitments to clients, partners & shareholders and; to our most valuable resource, our employees.

Transparency

  • Policies & procedures are clearly defined, well communicated and applied equally to all.
  • Make adequate disclosure of company information.
  • Strong adherences to the best practices of Corporate Governance.

TEAMWORK

  • Build strong relationships within and across functions.
  • Share ideas / best practices and value diversity
  • Communicate candidly and on an ongoing basis within team.

INTEGRITY

  • Fair & honest in all our dealings.
  • Take responsibility for our actions.
  • Strive to perform to the best of our abilities.

RELIABILITY

  • Reliable & trustworthy for all our stakeholders.
  • Ensure integrity and security of information.

Timeline of
Achievement

Success Stories

1993

  • Experts from Price Water house Coopers conducted a study to develop a conceptual framework for the depository. The United States Agency for International Development (USAID) sponsors the study and the report lays the foundation for depository design.

1994

  • The Board of Directors at CDC award a turnkey contract to an IBM consortium for the implementation of the depository system in Pakistan. The IBM consortium proposes a comprehensive Master Implementation Plan to the CDC Board after a detailed analysis of National requirements, Company & Banking laws, Regulations & Procedures and Financial Organizational aspects of the project.

1995

  • Master Implementation Plan approved.

1997

  • Promulgation of Central Depositories Ordinance & Central Depositories Act.
  • Central Depository Company of Pakistan Limited Regulations developed and approved by the Corporate Law Authority (Securities and Exchange Commission of Pakistan).
  • September 3 – Central Depository System launched.

1999

  • Launches Investor Account Services for individual and corporate investors enabling them to directly open and maintain accounts with CDC.
  • Induction of Term Finance Certificates (TFCs) into CDS.

2000

  • Development of CDC Contingency Site.
  • Introduction of Electronic Merger of Securities Facility in CDS.

2002

  • Launches Trustee & Custodial Services for Mutual Funds, initially with two open-ended mutual funds with net assets value of Rs. 500 million.
  • Introduction of Consolidation / Sub-division of Securities.

2003

  • Introduction of Element Training Program for CDS users.
  • Inducts WAPDA bonds into CDS.

2004

  • Implementation of National Clearing &
    Settlement System (NCSS).

2005

  • Series of Investment Road Shows in major cities of Pakistan.
  • Deployment of Re-engineered Central Depository System.
  • Inducts Open-end Mutual Funds in CDS.

2006

  • Hosts 10th Annual General Meeting of Asia-Pacific Central Securities Depositories Group (ACG) in Karachi.
  • Holds ‘Investment Road Shows’ in Dubai and Abu Dhabi.
  • An independent brand-recall survey rates CDC as one of the top four brands in the country’s Investment Sector.
  • Launches CDC access IVR and Web.

2007

  • Completed a decade of CDS operations.
  • Holds ‘Capital Market Days’ in London and New York.
  • Introduces Secure ID Token for further security of CDS Terminalst.

2008

  • Launches Share Registrar Services for issuers and their shareholders.
  • Introduces Fund Management System.
  • CDC conducts Customer Satisfaction & Brand Awareness Survey through Gallop. CDC is rated Pakistan’s most recognized and prominent financial brand.

2009

  • Becomes ISO/IEC 27001:2005 certified for overall despository operations including functional, technical and legal aspects.
  • Implements Induction of Unpaid Rights in Central Depository.
  • CDC’s Trustee & Custodial Services (T&C) acquires 100 funds.

2010

  • Exponentially Reduces Services Tariff.
  • Inducts National Savings Bonds in CDS.
  • Holds 3rd Pakistan Day Conference in New York.
  • Elected as Executive Committee Member of Asia Pacific Depositories Group.
  • Becomes ACCA Approved Employer.
  • Introduces new Automated Mechanism of Securities Transfer in CDS.

2011

  • Integration of Standard Chartered (Pakistan) Bank’s Straight 2 Bank with CDC’s Fund Management System.
  • Government of Punjab appoints CDC as trustee for Punjab Pension Fund.
  • ITMinds becomes a subsidiary of CDC [IT Consultancy & Implementation Services].
  • Introduces Free of Cost eStatement and eAlert facilities for CDS Account Holders.
  • Receives CPD Approved Employer status from ACCA Pakistan.

2012

  • Becomes Custodian of over One Hundred Billion Securities.
  • Becomes First Company in Pakistan to get BS 25999 Certification - the British Standard for Business Continuity Management.
  • Completes 15 years of successful operations.

2013

  • Celebrates 15 years of successful operations through a series of events.
  • Teams up with CFA Institute for Employee Development.
  • Extends Scope of ISO 27001 Certification.
  • Signs MoU with Life Insurance companies for Centralized Information Sharing Solution.
  • CDC becomes Secretariat of Asia-Pacific Central Securities Depositories Group (ACG) for 2014-16.
  • Mr. Muhammad Hanif Jakhura, CEO-CDC elected as the Executive Committee Chairman of ACG.

2014

  • Initiates settlement services for Government Securities traded on PSX.
  • Conducts Investor Road Shows in 6 major cities of Punjab.
  • CDC Employees conduct Disaster Relief activities for Thar Drought affectees.

2015

  • Launches Online Transactions service through Web.
  • CDC becomes Trustee of Dolmen City REIT.
  • CDC Trusteeship exceeds Rs. 500 Billion.
  • Acquires ISO/IEC 27001:2013 Certification.
  • Introduces Direct Settlement Services.

2016

  • Acquires International Standards for Assurance Engagement (ISAE) Certification.
  • Launches Urdu Website.
  • Organizes Pakistan Investor Days in Dubai.
  • Discretionary / Non-Discretionary Portfolios under custody hit the 100 mark.

2017

  • Launches CDC Access Mobile App.
  • Launches Centralized eIPO System (CES).
  • Acquires ISO 22301 Certification for Business Continuity Management Program.

2018

  • Launches eDividend Repository.
  • Launches eLoR Service.

2019

  • Digital Account Opening Facility.
  • IAS payment though 1Link Banks.
  • Sales Tax Refund Bonds.
  • eIPO Facilitation.

2020

  • Launches Insurance Repository.
  • Launches Zakat Repository.
  • Becomes Central Hub for Investment in Pakistan Capital Market through Roshan Digital Account.