Business

In order to authenticate each trade and transaction executed in the stock market, NCCPL registers investors by assigning a Unique Identification Number (UIN). Registered UINs are provided to the stock exchange by NCCPL and it is mandatory for brokers to enter UIN while trading.

A Custody Account is a shares custody account opened with CDC.

Direct Settlement Service (DSS) is a web based service through which IAS Account Holders can settle their trades executed at Stock Exchange directly through their respective IAS Account. Investors have to contact the broker only for the execution of trades. Further details about Direct Settlement Service are available on the following link:

https://www.cdcpakistan.com/businesses/others/direct-settlement-services/

• • Log in to the HABIBMETRO Internet Banking portal.
  • Select the ‘Roshan Equity Investment Account’ option.
  • Select ‘Broker’; read and accept the Terms & Conditions and Disclaimer.
  • On submitting the request, your information will be shared with CDC for processing account opening and related procedures.
  • On receiving confirmation/related information from CDC and the Broker you can start investing in the stock market.
  • To start trading, transfer your funds via e-collections under the online payments section on Internet Banking.

You will receive an ‘Acknowledgement Email’ from CDC as soon we receive the consent and information from your bank.

• In 24 hours of receiving the acknowledgment mail from CDC and if your Information/ credentials were found complete and correct, you will receive an Account Opening Package email from CDC, comprising of the following actions and details:
• Opening of your Roshan Equity Investment account with your selected broker.
• Creation and Registration of your Unique Identification Number (UIN).
• Opening of your Custody Account (CDC Account).
• Activation of Direct Settlement Service (DSS) in your Investor Account (if you have opted for the same).
• Creation of your CDC Web Access Login ID and Password.

You will be contacted directly by your broker regarding its Fee and Commission Structure and other trading details. Please note that before the opening of your Trading Account, the broker will perform its own due diligence and may ask for more details/information.

Before you initiate your first trade, you have to initiate a Fund Transfer request from your Roshan Digital Account to CDC Bank Account maintained with your bank (details of which were provided with the Account Opening Package).

You can purchase shares through the broker’s online trading app/portal easily within the amount transferred by you to CDC.

At T+2 (2 business days after the transaction), CDC will pay cash on your behalf against the purchase and will receive shares in your CDC Account. CDC will notify you about the transaction.

You can sell your already purchased shares through your broker’s online trading app/portal easily.

At T+2 (2 business days after the transaction), CDC will transfer the shares out of your CDC Account and will receive cash on your behalf, which will be readily available for any further transactions.

All Corporate Action entitlements will be credited in your CDC Account. Your Cash Dividends will also be made available with CDC. All information regarding Corporate Actions will be provided to your bank and will be available to you through CDC Access web portal and app.

CDC will pay your broker’s commission from the cash transferred by you from your Roshan Digital Account to CDC bank account.

NCCPL charges are applicable on the clearing of trades and will be deducted by CDC, details of which will be provided to you. For schedule of NCCPL’s fee and charges, please refer to www.nccpl.com.pk

No, this service is FREE-OF-COST for Overseas Pakistanis.