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UAE Exchange unveils DP service

Kochi Dec. 8

UAE Exchange and Finance Ltd has become a participant with Central Depository Services Ltd enabling it to open demat accounts for its customers. Demat can now be opened and operated by the public just like a bank account for holding stock of shares purchased by the customers. UAE Exchange as a DP will provide its customers periodic account statements similar to that of bank pass book or statement of their holdings and transactions can be downloaded by the customers from th e Web site. Customers who have opened their demat accounts with UAE Exchange can trade in the NSE through the online trading facility, X-Trade, provided by the company using their PC or laptops with Net connection, according to a press release from the company. —

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