Iran CSDI, Taiwan TDCC Sign MoU for Cooperation, Information Exchange

CSDI’s President and CEO, Dr. Mohammad Reza Mohseni and TDCC Chairman and CEO, Mr. Sherman Lin signed a Memorandum of Understanding in Tehran.

Central Securities Depository of Iran (CSDI) and Taiwan Depository and Clearing Corporation (TDCC) sign a Memorandum of Understanding on the sidelines of the 20th Asia-Pacific CSD Group General Meeting, ACG20 in Tehran with Chairman of ACG, Mr. Muhammad Hanif and chief executives of CSDs in Japan, India, Vietnam, Mongolia in attendance.
 
The document was sealed by CSDI President and Chief Executive Officer, Dr. Mohammadreza Mohseni and TDCC Chairman and CEO, Mr. Sherman Lin on December 4, 2016.
 
Under the deal, the two sides agreed to improve the already flourishing ties between the two CSDs and widely share business experience and expertise. During the ceremony, Dr. Mohseni emphasized that through this MoU, CSDI would like to conduct more extensive research, discussion and communication with TDCC on businesses such as transnational listing and cross-border transaction.
 
Mr. Sherman Lin, for his part, reiterated that through signing the MoU with CSDI, TDCC sought to promote and expand communication on business operation, train its personnel and exchange information to share experience and facilitate development of each side’s capital market.
 
A high ranking delegation from TDCC visited Iran in December, 2016 to partake in the 20th ACG General Meeting. Both CSDI and TDCC managed to be elected as two of the three ACG executive committee members with the highest votes and unanimous support from their peer institutions membering ACG .

Release Date: 12/27/2016


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