CDSL, DTCC sign information sharing and collaboration pact

Mumbai, Jun 25 (UNI) The Central Depository Services (India) Ltd (CSDL) has signed a Memorandum of Understanding (MoU) with the Depository Trust&Clearing Corporation (DTCC) of New York, designed to build a cooperative relationship.

Under the terms of the MoU, DTCC and CDSL will establish a mechanism whereby board members, senior management and staff of both sides could meet on a regular basis to increase mutual understanding and exchange market updates, improvement opportunities and information on business operating models, a statement here today said.

The MoU said, ''The parties anticipate developing a closer working relationship in the future and wish to maitain channels of communication for exchange of information and to promote visits for reasons of friendship and other business purposes.'' UNI