What We Do
As a FMI, the success of our business is dependent on the growth of the market, which in turn is dependent on investors’ confidence in the market and broader client satisfaction.
Depository
CSCS Plc operates as the Central Securities Depository (CSD) for all securities transacted in the Nigerian Capital Market. CSCS keeps and maintains an electronic book-entry record of all securities, including shares, unitized funds, bonds, and treasury bills, ensuring safekeeping and efficient transfer of securities between parties during trades.
Clearing & Settlement
CSCS provides clearing and settlement services for transactions executed on the various securities exchanges. This includes:
- Matching and confirmation of trades
- Netting of obligations
- Delivery versus payment (DVP) settlement of securities and funds
LEI Services
CSCS offers LEI (Legal Entity Identifier) services to facilitate the identification and tracking of legal entities involved in financial transactions. This service is designed to enhance transparency and reduce risk in the financial markets. CSCS is endorsed as a Local Operation Unit (LOU) by Global Legal Entity Identifier Foundation (GLEIF)
ISIN Issuance
An International Securities Identification Number (ISIN) is a 12-digit alphanumeric code that uniquely identifies a specific security. Its structure is defined in ISO 6166. An ISIN code assists with identification and cross border communication between various exchanges.
