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Standard Form For Pledging of Securities

The document provides a standard form for pledging securities with banks, development finance institutions, and other institutions other than stock exchanges and clearing companies. The form authorizes a participant to pledge book-entry securities owned by a sub-account holder and entered in their sub-account, listing the security name, number of securities, and name of eligible pledgee.

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MUNIR HUSSAIN
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8 views

Standard Form For Pledging of Securities

The document provides a standard form for pledging securities with banks, development finance institutions, and other institutions other than stock exchanges and clearing companies. The form authorizes a participant to pledge book-entry securities owned by a sub-account holder and entered in their sub-account, listing the security name, number of securities, and name of eligible pledgee.

Uploaded by

MUNIR HUSSAIN
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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(On non-judicial stamp paper where the value of pledge transaction is Rs.

500,000/- or more)

Standard Form for Pledging of Securities


(with Banks, DFI and other institutions other than Stock Exchanges and the Clearing Company)

I/We, [insert name(s) of Sub-Account Holders], the Sub-Account Holder(s) of [insert name of the
Participant] (hereinafter referred to as the “Participant”), hereby authorize the Participant in terms of
Sections 12 & 24 of the Central Depositories Act, 1997 read with the relevant provisions of the Sub-
Account Opening Form and the CDC Regulations to pledge my/our Book-entry Securities beneficially
owned by me/us and entered in my/our Sub-Account maintained with the Participant as per the
following details:

S. # Name of Security No. of Securities Name of Eligible Pledgee


1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

__________________________

Signature of Sub-Account Holder

(As per CNIC)

Sub-Account No. ______________

Date: __________________

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