Centrálny depozitár cenných papierov SR, a.s. (CDCP) has started the process of digitalization of services for securities issuers. At the beginning of this year, CDCP launched an online portal through which issuers can completely manage their requests for CDCP services without a personal visit to the depositary. The new portal reflects current trend towards the electronisation of services provided on the capital market, and at the same time approaching standards in the European Union countries.
Services provided through the CDCP Portal
The new portal is designed for issuers of securities – both book-entry and certificated, who can use the portal to process all standard service requests, from submission of a service request to the output of the provided service.
Issuers can online:
- conclude an agreement on the registration of the issue of book-entry securities
- conclude an agreement on administration of a list of shareholders in the case of registered certificated shares
- make changes to issues of book-entry securities
- make changes to the lists of shareholders of registered certificated shares
- to request information services relating to issues of book-entry securities and lists of shareholders of registered certificated shares.
Another new feature is launch of electronic allocation of the ISIN (International Securities Identification Number), which all issues of book-entry securities as well as certificated bonds must have. Via the issuer portal is also possible to apply for changes to the ISIN code assigned to an issuer, as well as for cancellation of the code.
Online communication with client
Entire communication with the client takes place electronically via the portal. The client is informed about each step, the need to complete the data or the processing of the application by means of a notification sent to the email inbox. In case of any questions or problems, the Issues Department will advise the client online, by phone or in person. Another advantage is that any attachment can be added to each request, which will bring a new organisation of communication, including all communication history between the issuer and CDCP in one place. The deadlines for processing requests remain the same as for face-to-face contact.
Portal access request and service request
The portal can be accessed on the website www.cdcp.sk or at https://portal.cdcp.sk/. The application for access to the CDCP Portal is available in the public area of the Portal and is preferably submitted electronically by the issuer.
The application form, together with the procedure for its electronic submission, is located in the public part of the CDCP Portal under the option “Access Request”. The application must be signed with a qualified electronic signature by means of an Identity Card in accordance with the acting under the Commercial Register or in accordance with the (attached) power of attorney.
The application for access to the CDCP Portal must be attached with by an original excerpt from the Commercial Register, not older than 3 months and, where applicable, a power of attorney, while in the case of electronic submission, the original is considered to be an electronic document authorized by its author in the defined manner, or an electronic document created by a guaranteed conversion from a printed document, meeting all essentials for such document required by special legal regulations.
Requests for services submitted by the client or its representative (agreements, orders) have to be also be authorised by a qualified electronic signature (QES) of a person authorised to act on behalf of the client and an electronic time stamp indicating the date and time at which the authorisation occurred. Requirements for the electronic signature and the electronic time stamp are ruled by relevant terms and conditions of the CDCP Portal.
The future in online services
The CDCP intends to continue the digitisation process in the future, and the electronic portal will be gradually extended and made available also to other entities and capital market participants.
Author: Ľubomír Demčák
