About Central depository & settlement corporation
Central Depository & Settlement Corporation: Revolutionizing the Securities Exchange Industry
The Central Depository & Settlement Corporation Limited (CDSC) is a leading player in the securities exchange industry, providing automated clearing, delivery and settlement facilities for transactions carried out at a Securities Exchange. The company is approved by the Capital Markets Authority and has been instrumental in revolutionizing the way securities are traded and settled in Kenya.
Founded in 1999, CDSC has grown to become a trusted partner for investors looking to trade securities on various exchanges. The company's core mandate is to provide secure and efficient clearing, settlement and depository services for all types of securities traded on various exchanges. This includes listed equities, bonds, treasury bills as well as other documents of title.
One of CDSC's key strengths lies in its ability to provide real-time settlement services that enable investors to receive their funds or securities within hours of completing a transaction. This has significantly reduced the time it takes for investors to complete trades while also minimizing risks associated with delayed settlements.
In addition to its core mandate, CDSC also provides value-added services such as corporate actions processing, investor reporting and proxy voting services. These services have helped enhance transparency and accountability within the industry while also improving investor confidence.
CDSC's commitment to innovation has seen it introduce several groundbreaking initiatives aimed at enhancing efficiency within the industry. One such initiative is the introduction of an electronic platform that enables investors to access their accounts online from anywhere in the world. This platform allows investors to view their portfolio holdings, transaction history as well as receive alerts on any changes made on their accounts.
Another notable initiative by CDSC is its partnership with other stakeholders within the industry aimed at promoting financial literacy among Kenyans. Through this partnership, CDSC has been able to educate Kenyans on various investment opportunities available while also providing them with tools necessary for making informed investment decisions.
As part of its commitment towards sustainability practices, CDSC has also implemented several initiatives aimed at reducing its carbon footprint. These include the use of renewable energy sources, recycling programs as well as promoting eco-friendly practices among its employees.
In conclusion, CDSC has played a critical role in revolutionizing the securities exchange industry in Kenya. Its commitment to innovation, efficiency and sustainability has seen it become a trusted partner for investors looking to trade securities on various exchanges. With its continued focus on enhancing transparency and accountability within the industry, CDSC is well-positioned to continue driving growth and development within the sector for years to come.