One year ago, Central Securities Depository of Iran introduced “KARA” System which emerged as an innovative project to integrate e-services provided for brokers and guarantee information security.
Now, on the sidelines of the 11th Iran Exhibition of Bank, Exchange & Insurance (FINEX 2018) here in Tehran, CSDI celebrated the one-year anniversary of the system with President and CEO of the Depository, Mr. Hossein Fahimi, in attendance.
Since brokers are among CSDI main stakeholders, this system is designed to integrate and facilitate e-services for brokers. Although “KARA” is an internet-based system, brokers can only access the system through IPs provided by CSDI.
The system aims to cut off unnecessary and time-consuming phone calls between depositors and brokers, aggregating all e-services provided to agents in a safe and secure environment.
The anniversary marks introducing a number of new features across various aspects of the operating system. CSDI claims to have plans in store to add further capabilities in respect to brokers’ demand priorities in the near future.
According to CSDI Research and Development Department providing Guarantee Funds, profit payments reports, digital certificate for digital signing of exchange information as well as daily settlement reports in different markets are among the services provided to brokers under “KARA” system.
Release Date: 5/13/2018