CDS defers again full implementation of dematerialized transaction of banking scrips

ShareSansar, January 16:

Published a notice today, CDS and Clearing Limited has informed that both settlement system - physical system of settlement and dematerialized share settlement continues till other notice published.

Earlier, CDS and Clearing Limited fix the schedule on Magh 2, where all the transaction of commercial bank stocks will be done from dematerialized share settlement process only.

CDS and Clearing inform that due to non receivable of warranty paper of software from Indian software company Capital Market Coordination (CMC), they are forced to delay the prior fixed deadline.

Securities Board of Nepal (SEBON), regulator of capital market has demanded warranty paper before full implementation of dematerialized transaction from CDS and Clearing Limited.

CDS and Clearing also inform that they will bring the clear guidelines for loan against de-mat share as soon as possible.