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Company Profile

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.

REGISTERED OFFICE

Nation Centre, 10th Floor
Kimathi Street
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:

The Capital Markets Challenge Fund Ltd.   

50%

Nairobi Securities Exchange Ltd.

22.5%

AKS Nominees Ltd.

18%

Capital Markets Investor Compensation Fund  

7%

Uganda Securities Exchange Ltd

2.5%

 

 

AUDITORS

PKF
Kalamu House, Grevillea Grove, Brookside
Westlands
P.O Box 14077 00800
Nairobi

BANKERS

Commercial Bank of Africa
Wabera Street/Standard Street
P O Box 30437 00100
NAIROBI     

Stanbic Bank
Kimathi Street
P O Box 72833 00200
NAIROBI

Last modified on Monday, 06 February 2017 08:41