Standard Chartered Bank launches DPS for retail customers
Sunday, 12 August 2007
FE Report
Standard Chartered Bank has recently launched a Depositary Participant Services (DPS) for its retail customers.
Standard Chartered Bank Chief Executive Officer Osman Morad handed over the first two welcome packs to two of the priority customers at a function at the bank's head office in the city.
Under the DPS, a customer of the bank will be able to open BO account with CDBL, dematerialise shares and securities declared eligible for depository, carry out transactions in the account with proper instruction and receive bonus entitlements in his BO credited by the issuers and other related services.
Standard Chartered Bank has recently launched a Depositary Participant Services (DPS) for its retail customers.
Standard Chartered Bank Chief Executive Officer Osman Morad handed over the first two welcome packs to two of the priority customers at a function at the bank's head office in the city.
Under the DPS, a customer of the bank will be able to open BO account with CDBL, dematerialise shares and securities declared eligible for depository, carry out transactions in the account with proper instruction and receive bonus entitlements in his BO credited by the issuers and other related services.