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Mumbai, Nov. 12 The Central Depository Services (India) Ltd (CDSL) has signed an MoU with the Korea Securities Depository (KSD) of Seoul. Under this MoU, CDSL and KSD will create a mechanism where board members, senior management and staff of both the concerns will meet on a regular basis to increase common understanding, exchange market updates and to improve opportunities and information on business operating models.

“The MoU will open a new window to both organisations to learn about each others legislative frameworks, settlement systems and risk-management measures. This could lead to assimilation of best-practices that would increase system efficiency,” said Mr Vijay V. Raut, CDSL Managing Director and CEO.

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