Investment Account

CDSC Account

The CDSC Account is an electronic account that holds your shares and manages the process of transferring shares that are traded in the NSE (Nairobi Securities Exchange). You may open a CDSC Account through a stockbroker, Investment Bank or Custodian (Equity Bank) authorized by Central Depository and Settlement Corporation, the entity that facilitates holding of shares in electronic accounts opened by shareholders.

C.B.K CDS Account.

This is an electronic account managed by the Central Bank of Kenya that holds an investor’s Treasury Bills and Treasury Bonds and manages the purchase and sale of the securities.

FEATURES OF CDSC ACCOUNT.

  • It allows immediate transfer of shares upon purchase or sale.
  • There is no paperwork involved during the transfer of shares from a buyer to seller.
  • Account automation eliminates risks of forgery, damage to the document, clerical errors etc.
  • An investor’s shares are held in one account making it easy for management.
  • The investor receives an electronic statement of his/her account holdings.

FEATURES C.B.K CDS ACCOUNT.

  • The account is for trading in treasury bills and treasury bonds only.
  • The account is opened by the Central Bank of Kenya on behalf of investors.
  • The investor receives an electronic statement of his/her CDS account holdings.

 

  • REQUIREMENTS

    • A Kenyan ID/passport for the Directors, passport size photos and KRA pins for Directors and the Company.
    • A fully executed and signed CDS 1 form.
    • Certificate of Incorporation/Registration.
    • Board Resolution.

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Equity Bank is Regulated by Central Bank of Kenya