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Client: Central Depository Company (CDC)

Central Depository Company of Pakistan Limited (CDC) was incorporated in 1993 to manage and operate the Central Depository System (CDS). CDS is an electronic book entry system to record and transfer securities. Electronic book entry means that the securities do not physically change hands and the transfer from one client account to another takes place electronically. An IBM led consortium along with the management of the company implemented CDS in Pakistan.

The aim of CDC is to operate as a central securities depository on behalf of the financial services industry so as to contribute to the country's ability to support an effective capital market system which will attract institutional and retail level investors from Pakistan and abroad.

Requirements

 

CDC recently constructed new offices in Hyderabad, Lahore and Islamabad with Headoofice in Karachi, with state of the art equipment. The purpose was to enter a new technological era and change the traditional ways of financial transactions. An advance security system was required which would advocate technology in the premises.

Solutions

21 Axis 206 cameras were installed at all the staircases, lifts and sensitive points within the building, and the outside perimiter was guarded with 6 Axis 211 which delivered a sharp, high resolution images in daylight and at night time as well. The load was distributed on two Xeon machines so as to give greater processing power, control and storage for the cameras. Motion recording was used for areas where motion would seldom take place.

Benefits

The security staff, which was not familiar with the use of computers, was quick to get a grasp of the simple and easy to use Milestone XProtect Professional. They take immediate action whenever a suspicious activity is noted thanks to the quick browse feature available on the monitor, and later make a collection of AVI's, which is then burned on a DVD at the end of the month and archived.

 
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