International Engagement

International Engagement

CDC is an active member of the following regional and international groups:

Asia-Pacific Central Securities Depository Group (ACG)

ACG logo for international engagemnet
CDC is a member of ACG, which is an international organization facilitating the exchange of information, promoting mutual assistance among member securities depositories and clearing organizations in the Asia Pacific region.

Established in 1997, ACG is a regional platform of 34 depositories and clearing organizations from 23 member countries. Today, ACG represents Asia on various international platforms such as World Forum of CSDs (WFC), International Securities Services Association (ISSA), Association of Global Custodians (AGC) and the Committee on Payment and Settlement Systems of the International Organization of Securities Commissions (CPSS-IOSCO).

In 2013, Mr. Muhammad Hanif Jakhura, CEO-CDC was elected as the Executive Committee Chairman of ACG for the term of 2014-2016. By virtue of this election, CDC was elected as the ACG Secretariat for the term of 2014-2016.

CDC has also introduced the “Risk and Recovery Management Task Force” in ACG whose objective is to promote Risk Management culture among ACG members and to develop an effective Risk Management Framework. CDC was elected as the convener of the same.

CDC hosted ACG’s 10th Annual General Meeting in 2006 in Karachi, Pakistan, which was attended by around 60 delegates from 18 regional countries.

World Forum of CSDs (WFC)

CDC in its capacity as the ACG Secretariat has also representation in WFC which is composed of the five regional CSD associations of Asia-Pacific, the Americas, Eurasia, Africa and the Middle East, and Europe.

WFC provides a collective voice on issues relevant to the various associations and their members. The Forum aims to exchange CSD industry-related information, examine issues of common interest and increase the influence and engagement on cross-regional and global developments.

Memorandums of Understanding (MoUs)

CDC has signed a number of Memorandums of Understanding (MoUs) with other depositories to gain benefits of cross-border cooperation, explore avenues of mutual assistance and enhance coordination. These MoUs entail cooperation in the areas of technology exchange, operational processes, mechanism for cross-border listing of securities, and exchange of information.

These include the following prestigious depositories:

  1. Abu Dhabi Securities Market (ADSM)
  2. Central Securities Depository of Iran
  3. China’s Securities Depository & Clearing Corporation (SD&C)
  4. Depository Trust & Clearing Corporation (DTCC), U.S.A.
  5. Dubai Financial Market (DFM)
  6. Indonesia Clearing & Guarantee Corporation (KPEI)
  7. Japan Securities Depository Centre (JASDEC)
  8. Korean Securities Depository (KSD)
  9. MKK Turkey
  10. Taiwan Depository & Clearing Corporation (TDCC)
  11. Thailand Securities Depository (TSD)