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 deposit and transfer of
securities and settlement of cash following transactions carried out
at the Nairobi Stock Exchange. CDSC was incorporated on 23rd March
1999 under the companies Act, 2000, and commenced its operations as
mandated under the Central Depositories Act 2000 on 10th November
2004.
Since 2004, CDSC has grown tremendously; the client accounts grew from
30,000 at the end of 2004 to over 1.6 million as of 2008. An average
of 5000 deals settle through the CDS system every day.
CDSC has an SMS solution to keep CDS account holders informed of
activities in their CDS accounts. This service is operated under the
short code 2372 which spells out the initials CDSC on a phone keypad.
Upon registration, CDS account holders will be able to among others,
query and view portfolio balances, mini statements and receive alerts
whenever there is activity in their accounts e.g. sale, purchase,
deposit, transfer, pledge, release etc.
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