Introduction

The Central Depository & Settlement Corporation Limited (CDSC) is a limited liability Company approved by the Capital Markets Authority to provide automated clearing, delivery and settlement facilities in respect of transactions carried out at Nairobi Securities Exchange as well as holding of listed and non listed securities including other documents of title on behalf of investors.

Incorporation

The Central Depository & Settlement Corporation Limited (CDSC) was incorporated on 23rd March 1999 under the Companies Act, 2000. CDSC formally started operations on 10th November 2004.

Nature Of Business

The business of the Company is to establish and operate a central depository system and provide central clearing, settlement and depository services for securities initially in Kenya in respect to securities listed on the Nairobi Stock Exchange. The central depository system provides a centralized system for the transfer and registration of securities in electronic format without the necessity of physical certificates.

Company Objectives

The main objectives for which the Company is established are:-

1. To provide central clearing, settlement and depository services for securities whether held in electronic form or otherwise and to provide all services which may reasonably be provided by a central depository system company.
2. To establish and operate a depository and a centralized system for the transfer and registration of securities which permits and facilitates the:

• Immobilization and/or dematerialization of all such securities and which enables dealings in respect of those securities to be effected by means of entries in securities accounts without the necessity of certificates; or
• Settlement or registration of securities transactions or dealings in securities without the physical necessity of certificates; or
• Provision of other facilities and services incidental thereto; and
• Provision of auxiliary facilities and services incidental to a central depository, clearing and settlement system.

      3. To promote, effect, participate in, manage and carry out any issue public or private, of corporate, state or municipal loans, stocks or shares or other securities and to lend money for the purposes of such issue and to           make advances upon, hold in trust, issue on commission, sell or dispose of any security of any description and to act as an agent for any of the above or the like purposes.

REGISTERED OFFICE

EUROPA TOWERS
Westlands,
Along Lantana Road, off Rhapta Road
P O Box 3464 00100
NAIROBI
Tel: 254 020 2912000, 0724 256 130 or 0733 222 033
Fax: 254 020 2229405
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 

SHARE CAPITAL

The authorized share capital of CDSC is Kenya Shillings two hundred million divided into two million shares of Kshs 100 each, out of which Kenya Shillings One Hundred and Seventy Five Million is issued and paid up.

SHAREHOLDING

The shareholders of CDSC are:

DATA PROTECTION OFFICER

Central Depository & Settlement Corporation Ltd
10th Floor, Europa Towers; Lantana Road, off Rhapta Road, Westlands, Nairobi
P.O Box 3464 - 00100 GPO, Nairobi, Kenya
Tel: +254 (20) 291 2000 | Cell: +254 724 256 130 / 733 222 033
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

AUDITORS

Grant Thornton Kenya
Avocado Towers,
75 Muthithi Road, Westlands
P.O Box 46986 00100 GPO
Nairobi

BANKERS

NCBA Bank
NCBA Centre
Mara Ragati Road, Upperhill
P O Box 44599 - 00100
NAIROBI    

Stanbic Bank
Kimathi Street
P O Box 72833 00200
NAIROBI