Security Depository Services

Deposit of Securities is the act of depositing Securities into C-BEST by conducting physical conversion of Securities or directly as proceeds of Initial Public Offering (IPO).

Investors wishing to convert Securities certificates may forward a deposit request to KSEI through the intermediary of an Account Holder (Securities Companies and Custodian Banks), by surrendering the original Securities certificate already registered [in the investor’s name]. Based on the deposit request conveyed through the KSEI system, the Issuer will conduct validation upon the Securities certificate. After having been validated, the Issuer will change the ownership data of the Securities Certificate in the Shareholders List from ‘in name of investor’ to ‘in name of KSEI’.

After the validation process is completed, the Issuer will deliver a deposit confirmation to KSEI that will further credit it into the Securities Account of the Account Holder.

For the purpose of noting cash position in a Securities Account, the Account Holder must open an account at one of the Payment Banks appointed by KSEI.