Chase Securities has taken a significant step forward in enhancing investor convenience by integrating with the Central Depository Company’s (CDC) RAAST Aggregator Module, enabling real-time and secure fund transfers through Pakistan’s first instant payment system, RAAST.
Seamless Fund Transfers for Investors
Under this new system, every investor will be assigned a unique RAAST Investment ID in IBAN format, directly linked to their CDC sub-account. By simply saving this ID in their online banking portal, clients can transfer funds anytime, with instant credit via CDC’s secure payment infrastructure.
This means:
Faster settlement of trades
Quicker access to investment opportunities
Greater operational efficiency
Strengthening Pakistan’s Capital Market
CDC’s role as an aggregator of RAAST highlights the strong collaboration between financial institutions and technology providers to accelerate the digital transformation of Pakistan’s capital market. With CDC’s proven expertise and dedication, this integration will streamline processes, reduce settlement times, and improve the client experience across the brokerage industry.
The integration was executed in partnership with Microlinks (Pvt.) Ltd., the technology partner, whose solutions ensure smooth connectivity for instant fund transfers from investor bank accounts to their segregated brokerage accounts.
Benefits for Chase Securities Clients
With the integration now live, Chase Securities clients can instantly transfer funds to their accounts and take advantage of timely trading opportunities without waiting for manual settlement. This cutting-edge solution reflects Chase Securities’ ongoing commitment to delivering reliable and innovative investment services.
About the Institutions
Chase Securities Pakistan Pvt. Ltd. – A trusted equity brokerage house in Pakistan, offering reliable, innovative, and client-focused investment solutions.
Central Depository Company (CDC) – The backbone of Pakistan’s capital market, providing depository, settlement, custody, and aggregator services while driving transparency, efficiency, and digital transformation.
Microlinks (Pvt.) Ltd. – An innovative technology provider offering end-to-end brokerage solutions through its Synergy360 suite, including SEAMS (ERP system) and Tradelinks (multi-platform trading solution).
RAAST – Pakistan’s first instant payment system, introduced by the State Bank of Pakistan, enabling fast, secure, and cost-effective financial transactions nationwide.
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