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Central Depository Agents (CDAs) open and maintain Securities Accounts.more
By completing and signing a securities account opening/maintenance form with your CDA. The form is called CDS 1.
Yes, you can open accounts through as many stockbrokers as you want. However, when an account is opened using one stockbroker, only that stockbroker can transact on that account
Yes. You and the lender will complete a Pledge Form (CDS 5) and deliver it to your CDA. The lender will forward the forms to CDSC through your CDA. CDSC thus marks the shares as pledged to the lender and confirms this to the lender and yourself. When shares are pledged you cannot sell them.
Yes, if you intend to trade in shares that are listed on the Nairobi Stock Exchange. Soon, bonds will also be deposited into the CDS.
No, you will still get your entitlements without any change. Bonus shares are credited directly into your CDS account.
By completing and signing the Securities Transfer Form, (CDS 4(A) + CDS 4(B) supplied to you by your stockbroker. The form must be signed also by your current CDA (CDS 4A) and your new CDA (CDS 4B)
When you pay the loan, the lender completes the necessary Form (CDS6) instructing CDSC to remove the pledge.
A maximum of 3 days. Your stockbroker can arrange for a shorter period if you want.
Within 24 hours of the documents reaching CDSC.
CDSC has taken measures to ensure the security of your shares. The company has offsite back up facilities and procedures that would ensure business continuity in the event of anything happening either to the computer system or its usual premises.
CDSC has taken precautions to ensure its system is not interfered with. CDSC has employed staff of high integrity and keep very high levels of confidentiality. Where appropriate and available the Company has taken insurance.
CDS assures you of safer faster and easier trading in your securities. You do not have to wait for the issue of certificates before you can trade again as your shares are credited to your account 5 days after the date of trade.
You will complete and submit Securities Account Maintenance Form (CDS 1) to your CDA with the new address or indeed any other changed details.
You will obtain from your CDA a CDS account number together with a duplicate copy of the account opening form for your records. You will also agree a secret question and answer with your CDA for purposes of identifying you. Please keep the question and answer confidential.
You need two recently taken passport size photographs, original National ID or passport. In the case of a company you need the original certificate of incorporation, and if you are an organization registered in any other way you need the certificate of registration. Directors of a company will also need to provide their ID Cards and passport size photographs.
You need to sign the form (CDS 1) before your Central Depository Agent (CDA)
you must open a CDS account and have the shares deposited into your account, otherwise you will not be able to trade in those shares. The process is called immobilization of shares.
You can agree with the lender to have the shares immobilized and immediately marked as pledged in the CDS.
Having completed the dematerialization process (where all shares were converted from physical into electronic form) you can no longer be issued with a share certificate but you can get a CDSC account statement as proof of your holdings
CDA means Central Depository Agent. It is either a Stockbroker, an Investment Bank or a Custodian Bank who has been authorized by CDSC to open accounts in CDS on behalf of investors.
It is an electronic account that holds shares only.
A depository is like a bank, which holds securities (like shares, bonds, Government Securities among others) for investors in electronic form. Besides holding securities, a depository also provides services related to transactions in securities.
CDSC stands for the Central Depository and Settlement Corporation Ltd, a company incorporated under the Companies Act and approved to establish a central depository under the Central Depository Act, 2000.
CDS stands for the Central Depository System. This is a computer system operated by The Central Depository and Settlement Corporation (CDSC) that facilitates holdings of shares in electronic accounts, opened by shareholders and manages the process of transferring shares traded at the Stock Exchange.
CDS kwa urefu ni Central Depository System .Hii ni njia kupitia tarakilishi inayotumiwa na Shirika la The Central Depository Corporation ili kuhifadhi stakabadhi za hisa kwa njia ya elektroniki na ambayo hufunguliwa na wenye hisa ili kusimamia ubadilishanaji wa hisa katika soko la hisa.
If you have had activity in your account, you will receive a statement from CDS at the end of that month. You can request for an interim statement of your account any time you wish. You will be charged a fee of Kshs.50 per interim statement.
It is mandatory to fill in your address, code and town on the Account Opening Form (CDS 1) in order for you to receive your statements promptly. You view your statements on your mobile. To register, send the word Register to 22372 and you will receive instructions on how to register for the service.
Each SMS costs Kshs.10.00 You can also get your statements via the email that you registered at the point of opening your account. If you didn't submit an email address or require to change it, please get in touch with your CDA . Email is free!
Please feel free to contact our helpdesk at
2229407 or 0724 256 130, 0733 222 033.
All licensed Members of the Nairobi Stock Exchange and Custodian banks are CDAs.
Capital Markets Challenge Fund Ltd - 50%
Nairobi Securities Exchange. - 22.5%
AKS Nominees Ltd - 18%
Capital Markets Investor Compensation Fund - 7%
Uganda Securities Exchange Ltd - 2.5%
A Custodian is an independent agency who holds the physical custody of the Financial Securities owned by an investor of the CDSC.
A registrar is the entity that carries out share transfers, transmission and consolidation of shares of on behalf of a company and attends to queries relating to non-receipt of dividends on shares of the company.
The Capital Markets Authority (CMA)
Yes. If the pledgee [lender] agrees, you will be able to change the securities offered in a pledge.
No. There are no restrictions on the number of CDAs you can open accounts with. Note, however, that your CDSC account number remains the same.
No. The depository has not prescribed any minimum balance. You can have zero balance in your account.
The pledgor will continue to receive dividend on the pledged securities. The pledgee will get the benefits only if the pledge is invoked and on record date the shares are in the pledgee's account.
No. There is absolutely no increase in cost for the CDS accountholders.
Yes. If you authorize any person to operate your account by executing a power of attorney and submitting it to your CDA. This can be agreed upon between your CDA and yourself.