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  CENTRAL DEPOSITORY AD FUNCTIONS
CENTRAL DEPOSITORY AD FUNCTIONS
     
 
According to Bulgarian legislation, CDAD must organize and maintain reliable systems for:
 
     
 

  • Dematerialized shares book-entry registration
  • Maintain shareholders’ registry of the companies traded
  • Maintain a registry of the securities traded
  • Immobilize share certificates that are a matter of public trading

 
     
 
CDAD organises its activities, based on the abovementioned functions, in four main directions :
 
     
 

1. National registry of the public companies' shareholders

 
     
 

2. Securities Settlement System for trades between depository members

 
     
 

3. System for organising the payments for trades in corporate securities on DvP bases

 
   
 

4. "Back-office" maintaining system