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CDSC stands for Central Depository and Settlement Corporation. Investors’ securities are stored electronically at CDSC. This eliminated the use of certificates in trading at the Nairobi Securities Exchange.
Certificates need to be immobilized into a CDS account in order to be able to trade the shares. This involves filling a CDS 2 form and submitting it together with the certificate to SBG Securities for forwarding to the registrar and CDSC for crediting to your CDS account.
By completing and signing the account opening form, and terms and conditions. The following are also required; For individual or joint account;
ID / Passport copy
2 color passport size photos
Evidence of physical address (utility bill, lease or tenancy agreement)
Evidence of income (bank statement or pay slip)
For a corporation, the certificate of incorporation is also required. The originals of the above documents need to be sighted by SBG Securites staff for certification, or certified by a notary public.
This is as a result of a new regulation from the Capital Markets Authority that requires stock brokers to carry out a due diligence on their clients. The process enables us to identify and ascertain relevant information pertinent to doing business with you. A key benefit of this process is that it will enable us to prevent identity theft, fraud and thereby protect your investment with us.
If you are confirmed to be KYC compliant at the bank, we will only require you to fill a CDSC account opening form, and provide us with 2 passport size photos and a copy of your ID or passport.
There is no minimum investment requirement. However, the minimum number of shares that can be sold or purchased is 100
The Nairobi Securities Exchange (NSE) is where shares (Equities) and bonds (Fixed Income Securities) are traded. The NSE is open Monday to Friday from 8.00 am to 5.00 pm. Trading activities start at 9.00 am to 3.00 pm. The NSE is closed on public holidays.