How is a pledge released upon deposited securities?
| 1. | Through the SDC |
| The SDC will release the pledge after submitting Release of Pledged Securities Form by the pledgee that should be attached with valid identification documents enhanced with covering letter issued by the pledgee. | |
| 2. | Through the Pledgee (Banks) |
| The pledge system enables the pledgee to directly enter and approve the release of the pledge restriction from his clients' securities in cases where the pledge was placed for the pledgee's benefit without the SDC's intervention and in this case the pledgee transfers the investor's securities to the central registry or to the investor account maintained by the broker. |
FAQS Taxonomy
