frequently asked questions

• What is the CDS - CDS ni nini?
  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.
• How do I open a CDS account?
  By completing and signing a securities account opening/maintenance form with your CDA. The form is called CDS 1.
• What do I need to open a CDS account?
  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)
• Do I have to open a CDS account?
  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.
• How can I track my investment?
  You can get to view your client statement by ..... enabling you to track your investment from the date of purchase to the day of maturity or sale of the bond
• How safe is CDS?
  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.