Securities depository and clearing system
Product and services IPACS provides:
1. Application development and maintenance
2. IBM AS/400 server and system maintenance.
● CSDC is the largest security depository and clearing company in the industry, it is responsible for the registration, management and clearing services for the Shanghai Stock Exchange (SSE).
● Establishment and management of securities accounts and settlement accounts; Depository and transfer of ownership of securities; Registration of the register of securities holders as well as the registration of their rights and interests; Clearing and settlement as well as the relevant management of securities and funds;Distribution of securities rights and interests as instructed by the issuer; Providing inquiry, information, consultancy and training services relating to the securities registration and settlement business in accordance with law.
● Meet the need of the rapid business growth and business innovation
● Zero system security failure guarantees the smooth and steady running of the business system
● Lower maintenance costs through application development outsourcing
● Meets the need of burst resource requirement, lower maintenance risk