The Central Depository & Settlement Corporation Limited (CDSC) is a limited liability Company approved by the Capital Markets Authority under Section 5 of the Central Depositories Act, 2000 to establish and operate a system for the central handling of deliveries and settlement of securities in the Capital Markets in Kenya. It commenced its operations as a central depository on 10th November 2004.
The Central Depository & Settlement Corporation Limited (CDSC) was incorporated on 23rd March 1999 under the Companies Act, 2000.
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.
Nation Centre, 10th Floor
P O Box 3464 00100
Tel: 254 020 2912000, 0724 256 130 or 0733 222 033
Fax: 254 020 2229405
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.
The shareholders of CDSC are:
The Capital Markets Challenge Fund Ltd.
Nairobi Securities Exchange Ltd.
AKS Nominees Ltd.
Capital Markets Investor Compensation Fund
Uganda Securities Exchange Ltd
Deloitte & Touche
Certified Public Accountants
Kirungii House,Ring Road, Westlands
P O Box 40092,
Commercial Bank of Africa
Wabera Street/Standard Street
P O Box 30437 00100
P O Box 72833 00200