Glossary of terms
Central Depository Agent.This are agents appointed by CDSC to carry out CDSC related functions.All communication from the client has to come through a CDA.
- CDS Account
Central Depository Account
Central Depository & Settlement Corporation
Capital Markets Authority
- Custodian Bank
An authorised depository licensed by the CMA which has been appointed a CDA.
This is whereby the underlying physical certificate is no longer considered prima facie evidence of ownership under the Companies Act,
- Entitlement Date
The date fixed by an Issuer for the purposes of determining entitlements, dividends or other distributions.
- Freezing/unfreezing of shares
It is the tagging/untagging of shares such that no transaction can take place on the shares
The Guarantee Fund established by CDSC.
Is the process whereby the underlying physical certificate has been deposited with and is held by CDSC