KARACHI: Meezan Bank has successfully launched electronic subscription to IPOs (initial public offerings) for its corporate customers via CDC’s (Central Depository Company) newly-launched Master TREC Module in Centralised eIPO System (CES), a statement said on Wednesday.
Using Master TREC in CES, the bank will allow registered Master TREC Holders (brokerage houses) to make payments electronically on behalf of their
customers through the bank’s internet banking, it added.
The newly-launched service will also enable Meezan Bank’s corporate customers maintaining an account under CDS participants (active TREC holders) to subscribe to IPOs of shares / sukuks online on behalf of investors.
Active TREC holders, having an account in the bank will now be able to electronically register themselves with CDC through this efficient system, 24 hours a day, the statement said.
The picture shows the building of the Securities and Exchange Commission of Pakistan . — The News/FileISLAMABAD:...
A view of a Shell petrol pump with bikers waiting at the fuel station. — Online/FileKARACHI: Shell Pakistan Limited ...
A representational image shows Total Energies employees walking in the Donges oil refinery in Donges, on September 8,...
An undated image of gold bars. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs800 per tola on...
Sweden’s central bank building seen in this undated photo.— Bloomberg News/File Oslo/Frankfurt/London: Sweden’s...
People buy pulses and grains at a wholesale market. — AFP/FileLAHORE: The institutions in developed economies ensure...