20 July 2018
Visit www.avoka.com

Dubai Financial Market launches SMS notification service for share transfer

19 May 2009  |  1476 views  |  0 Source: Dubai Financial Market

Dubai Financial Market (DFM) launched today a new SMS notification service that allows investors to receive a text message on their mobile phones confirming share transfers among brokerage firms.

The new service is just another initiative from the clearing, settlement and depository division to provide investors with value added services, achieve more efficiency for the division's activities and take it a step forward into an electronic environment.

Commenting on the new service and its main features and additions, Maryam Fikri, senior vice president and director of clearing, settlement and depository division said: "CSD is keen to launch several initiatives and new value added services such as this new service that will enable investors to receive instant confirmation about share transfer as soon as the procedure is approved and the transfer among brokers is done".

"The new service is available to investors free of charge, furthermore, it doesn't require a subscription. This is just the beginning, as a wider range services will be announced in due course. We are confident that these services will have a very positive effect on investors" she added.

It is worth noting that DFM launched last April The E-calculator service which is an effective tool that allows investors and public joint stock companies alike to calculate different fees of administrative transactions through DFM's website. This service was of great value, as it helps to tackle a time consuming step both for the customers and the employees.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12222 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10104 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9817 views comments | 6 tweets | 15 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9564 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9373 views 19 comments | 14 tweets | 30 linkedin

Featured job

Find your next job