Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 480 Sat. October 01, 2005  
   
Letters to Editor


How appropriate is 'CDBL'?


Whenever we address someone or some thing by his/her or its name it generally depicts at least its simple identification or nature of works by its name. Now-a-days Bangladesh capital market has gone ahead clearly by establishing CDBL for better management in capital market through electronic device. But general shareholders of capital market very often ask each other about the name and functions of CDBL. They say, Central Depository Bangladesh Limited does not clearly express the Depository of Securities at a glance. In this regard, question may be raised that depository for what? Because there may be various things, which may be centrally deposited for particular purpose. Such as, central depository for rice, jute, paper etc. and many things like that. If authority would consider the matter as to change the name of CDBL for better understanding the functions of the organisation as Central Depository System for Securities Bangladesh Limited (CDSSBL) that would be easier to understand its normal functions and its nature by the general people as well as shareholders.