Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is CSCS and what role does the organization play in the Nigerian Capital Markets?

April 26, 2017Capital CSCS Markets Nigerian organization play

0

Posted

What is CSCS and what role does the organization play in the Nigerian Capital Markets?

1 Answer

0

Posted

CSCS is an acronym that stands for the “Central Securities Clearing System?. CSCS is a stock depository and clearing institution. It is responsible for opening investor accounts for individual and corporate bodies desirous of trading on the NSE. It warehouses the shares of all investors who trade on the NSE and serves to expedite trading and settlement issues between the various broker/dealer firms. In layman’s terms, CSCS is that crucial part of the NSE that ensures smooth and seamless trading over an electronic platform by the various broker/dealers.