Bahrain bourse plans new e-services
Manama, April 9, 2008
Bahrain Stock Exchange (BSE) will launch a new set of electronic services from Thursday, provided by the Settlement & Central Depositary Department (CSD).
Among the new e-services to be launched is the 'Online Account Service' and a service that will enable investors to open an account electronically, where all application forms will be available on BSE's website.
'These services were introduced to go in line with BSE's strategy that aims to facilitate trading in the securities listed at the exchange, make investments more attractive to investors, and enhance investors' confidence in the exchange and its services,' said BSE director Fouad Rashid.
'The BSE will continue its efforts in developing its procedures and services in order to encourage investments in securities.
'It will also seek to develop an investment environment that will encourage investors to benefit from such facilities for the purpose of increasing their returns from investing in securities at BSE.
'We hope that offering such services will encourage investors who have physical certificates to convert them to electronic ones.'
With the e-services, investors who have CSD accounts, will be able to view real-time information related to securities on BSE's website 24 hours a day.
Besides, they can monitor all transactions that took place since they opened their accounts as well as view their balances and account statements, and the details related to the depositary, withdrawal, and transfer of securities or any bonus shares deposited in the account.
The BSE will provide investors wishing to access these e-services with a user name and password, after meeting certain requirements, where such services will be provided taking in account international security standards in dealing with e-accounts.-TradeArabia News Service