Bahrain Bourse (BHB) Material: Contents

Bahrain Bourse (BHB) Material
BHB Clearing, Settlement & Central Depository & Registry Rules
Resolution No. (3) for the Year 2000 with Respect to the Clearing, Settlement, Depository and Registry Rules
Article 30 Deposit Processing
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Article 30 Deposit Processing

30.1 Participants may deposit or withdraw securities at the Central Depository on any business day, and during such hours as may be prescribed by the BSE.
30.2 Participants may deposit or withdraw securities by:
30.2.1 Entering the security deposit or withdrawal request (transaction) into the CSDR System.
30.2.2 Posting the security deposit or withdrawal request (transaction) into the CSDR System.
30.2.3 Delivering or withdrawing the securities certificates held in the Central Depository.
30.3 All securities deposits shall be accompanied by a deposit advice, which shall be undamaged and in good order. Each Participant warrants to the BSE that all securities delivered or deposited with the Central Depository shall be valid and genuine. Neither the initial receipt of such securities, nor the crediting of such receipt to the Participant's nominated account position shall constitute a waiver of such warranty.
30.4 Securities received by the Central Depository shall be processed as of the same/next business day. The deposit or withdrawal shall be checked by the Central Depository and double-checked by the Participant as to number and transferability.
30.5 The Central Depository shall, through the CSU, approve the deposit or withdrawal into the CSDR System unless:
30.5.1 The securities check indicates that there are discrepancies between the securities delivered or received, and the attached deposit or withdrawal advice;
30.5.2 There are omissions on the deposit or withdrawal advice;
30.5.3 The securities are invalid, not genuine, or damaged;
30.5.4 There is no sufficient position in the relevant securities account for a securities withdrawal;
30.5.5 Any other reason prescribed by the BSE.
30.6 The Central Depository shall in such events through the CSU, reject the delivery or withdrawal and enter the rejection into the CSDR System.
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