CSDI new settlement system

Monday, 3 December 2012

Trades counterparties (Debtor/Creditor) are able to settle with brokers at the same time by using the new system of netting for shares and bonds.
Mr.Hamed.Soltaninejad the president CSDI in an interview mentioned that the trade settlement for shares and maskan right issues at the time accrues on (T+3) and the settlement for participation Bonds, certificate of deposit and different kind of sukuk take place at (T+1) separately, Which means if a person is indebted due to three days before purchasing of the share and also creditor because of a day before buying and selling of participation bonds, He should pay amount of debt to settlement house resulting from purchasing share and then collect his receivables for selling the bonds.