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Central Securities Depository of Iran (CSDI)

Central Securities Depository of Iran (CSDI)

Company Information:

CEO:

Establishment Year:

2005

Industry:

Finance, Investment & Business Analysis

Company Size:

100-499 employees

Location:

Tehran, Tehran, Keshavarz Blvd

Address:

About Company:

Brief Introduction Central Securities Depository of Iran is a public joint stock company offering pre- and post-trade services to the Iranian capital market participants. It was established as the sole registrar, safe-keeper, depository and clearing house for a broad range of financial instruments traded in the Iranian capital market and its four exchanges i.e. Tehran Stock Exchange (TSE), Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX) and Iran FaraBourse (IFB). The CSDI was founded in 2005 but the its history goes back to 1967 when Tehran Stock Exchange Brokers Association was established as the first entity in Iran capital market being in charge of all the responsibilities regarding this market. However in December 2005, the Islamic Republic of Iran Securities Market Act (SMA) was ratified by the parliament and the structure of the Iranian capital market became demutualized. Based on the stipulations of the SMA, Tehran Stock Exchange Brokers Association was dissolved and its regulatory and supervisory tasks were delegated to Securities and Exchange Organization (SEO) and Central Securities Depository of Iran as an independent entity. The CSDI acts based on the rules and regulations enacted by the Iranian Parliament, the High Council of the Iranian Capital Market, and Securities and Exchange Organization of Iran (SEO) as the supervisory and regulatory body of the entire capital market. The CSDI is the market official data provider, serving as a gateway and service provider for both local and international investors. It also plays a significant role in managing systemic and systematic risks facing the investors in the Iranian capital market. In terms of liquidity and settlement risks, the CSDI has a collateral management system in place that provides sufficient liquidity for executing previously failed obligations. To name a few among its other services, the Integrated Electronic General Meeting Platform and the indigenously designed and produced e-KYC system i.e. Comprehensive Information Gathering System (CIGS) can be mentioned. In 2020, the CSDI took over the responsibility for Iran’s mega project of Justice Shares which turned millions of Iranian people into shareholders of state-owned companies. It was a major development in the CSDI’s operations. The CSDI’s major stakeholders are the four exchanges of Iran, brokerage firms, local and foreign investors, issuers, mutual funds, investment banks, asset management companies, financial information processing companies and the judiciary. The shares of the CSDI mostly belong to Iran's capital market entities, commercial banks, investment institutions, financial groups, brokerage firms and pension funds. The CSDI is also a well-known company in the global CSD industry having served as a board member of Asia-Pacific CSD Group (ACG), Federation of Euro-Asian Stock Exchanges (FEAS), and a member (former board member) of World Forum of CSDs (WFC) and Organization of Islamic Cooperation (OIC) Exchanges Forum. It also has benefited from Memoranda of Understanding signed with its fifteen major international peers. As the sole registry entity in the Iranian capital market, the CSDI is currently the parent company of two subsidiaries, i.e. SAMAT Samaneh and Capital Market Central Asset Management Company that work aligned with the CSDI’s core missions and services. Business banks, Brokerage firms, and government service offices are the CSDI’s strategic partners in registry, KYC and settlement services. The CSDI is headquartered in the Iranian capital city of Tehran, on Keshavarz Boulevard. It also has a separate office at Saadi Street and a representative office on the Persian Gulf Island of Kish.

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Central Securities Depository of Iran (CSDI)

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