Dhaka Stock ExchangeLoading market data
Dhaka Stock ExchangeLoading market data
About the Central Depository Bangladesh Limited and how it supports settlement.
Central Depository Bangladesh Limited (CDBL) was incorporated as a public limited company on 20 August 2000 to operate and maintain the Central Depository System (CDS) of electronic book entry, recording and maintaining securities accounts and registering transfer of securities; changing ownership without any physical movement or endorsement of certificates and execution of transfer instruments, as well as various other investor services including facilitation of the secondary market trading of Treasury Bills and Government Bonds issued by Bangladesh Bank.
A depository is like a bank for shares instead of money. Instead of holding shares in the form of certificates, investors have accounts in the depository and are able to move securities and settle stock exchange transactions by an electronic update of their accounts.
Virtually all established markets have depositories, including India, Japan, Malaysia, Pakistan, Sri Lanka, Thailand, the UK and the USA.
The core service of a depository is the efficient delivery, settlement and transfer of securities through a computerised book entry system.
Central Depository Bangladesh Limited (CDBL), a joint venture company set up by banks, stock exchanges, the Asian Development Bank and other institutions, operates the Central Depository System (CDS) in Bangladesh.
By converting physical certificates into electronic form, CDBL eliminates the risks of damaged, lost, forged and duplicate share certificates. Instantaneous delivery through electronic book entry results in immediate transfer of ownership, which under the certificated system can take over a month. In the long term CDBL also reduces the costs of the investing public.
Central Depository Bangladesh Limited.
