WHAT WE DO
Investor Account Management Services
Comprehensive support for investor account lifecycle management. These include:
Direct Cash Settlement (DCS): Direct Cash Settlement (DCS) is a CSCS service that enables investors to receive cash settlement from securities sale transactions directly into their personal bank account, eliminating intermediary handling through stockbroking firms.
Account Modification: The Account Modification Service allows investors to update or rectify information on their CSCS Account to ensure that all records remain accurate, complete, and compliant with regulatory and Know Your Customer (KYC) requirements. This modification covers changes to personal information, contact details, or account status, maintaining data integrity and supporting efficient participation in the Nigerian capital market.
Account Merger: The Account Merger Service allows investors to merge multiple CSCS Account number held under the same stockbroking firm into one preferred account.
Inter-member Transfers: The Inter-Member Transfer Service enables investors to seamlessly move their holdings from one stockbroking firm to another preferred stockbroking firm.
This regulated process ensures secure transfer of investor holdings between stockbroking firms maintaining accurate investor records
X-Alert: The CSCS Trade Alert is an investor notification service that provides real-time SMS and/or email alerts to investors whenever a transaction is executed on their CSCS account.
Closure/Re-opening of Account: The Account Closure & Re-opening Service allows investors to efficiently manage their CSCS accounts by:
-Closing an account with no security holdings and no longer in use or whose holdings have been moved to another account.
-Re-opening a previously closed, inactive, or dormant CSCS Account to resume trading, receive dividends, or regularize their portfolio.
Key Features
Accurate and updated investor data
Fraud prevention via X Alert
Seamless account consolidation and modification
Supports investor mobility between brokers
To carry out these services, visit your stockbroker to initiate a request.
Direct Cash Settlement (DCS)
Direct Cash Settlement (DCS) is a CSCS service that enables investors to receive cash settlement from securities sale transactions directly into their personal bank account, eliminating intermediary handling through stockbroking firms.
This service is designed to promote transparency, efficiency, and investor autonomy in Nigeria’s capital market.
Key Features
Direct Settlement: Direct settlement of cash from securities transactions to the investor’s bank account without intermediary handling.
Investor Flexibility: Investors can opt in or opt out of the service at any time through authorized brokers.
Secure Integration: Secure integration with NIBSS (Nigeria Inter-Bank Settlement System) for real-time, seamless settlement execution.
Transparency and Control: Provides investors with clear visibility and greater control over their cash flows.
To Opt-In or Opt-Out, visit your stockbroker to initiate this request to CSCS for activation or deactivation.
Account Modification
The Account Modification Service allows investors to update or rectify information on their CSCS Account to ensure that all records remain accurate, complete, and compliant with regulatory and Know Your Customer (KYC) requirements. This modification covers changes to personal information, contact details, or account status, maintaining data integrity and supporting efficient participation in the Nigerian capital market.
Key Features
Data Accuracy: Ensures all investor information remains current and error-free.
Improved Market Efficiency: Maintains up-to-date investor data for seamless transactions and communication.
To modify your CSCS Account details, contact your accredited stockbroker and submit all required documents.
This request is forwarded by the broker to CSCS for processing.
Account Merger
The Account Merger Service allows investors to merge multiple CSCS Account number held under the same stockbroking firm into one preferred account.
This service eliminates data duplication, promotes record accuracy, and simplifies portfolio management for both individual and institutional investors. By merging fragmented accounts the service ensures streamlined reporting and supports efficient trade settlement.
It ultimately promotes operational efficiency across the Nigerian capital market ecosystem.
Key Features
Unified Portfolio View: Merges multiple CSCS Account into a single account, offering a consolidated view of all holdings and transactions.
Improved Transparency: Enables investors to track and manage their securities seamlessly within the same broking firm.
Simplified Portfolio Management: Easier monitoring of investments, dividends, and account activities.
Data Integrity: Eliminates duplication and discrepancies in investor records.
Efficient Market Operations: Promotes smoother trade settlement and faster processing of account updates.
Supports Legal & Estate Administration: Simplifies management of inherited or jointly held accounts.
To initiate an Account Merger, make a request to your accredited stockbroker submitting all required documents.
This request is forwarded by the broker to CSCS for processing. Once approved, a confirmation of the account merger will be issued to the broker.
Inter-Member Transfers (Active / Inactive)
The Inter-Member Transfer Service enables investors to seamlessly move their holdings from one stockbroking firm to another preferred stockbroking firm.
This regulated process ensures secure transfer of investor holdings between stockbroking firms maintaining accurate investor records
Key Features
Seamless Transfer Process: Allows for smooth movement of securities between two registered stockbroking firms.
Investor Ownership Retained: Securities remain in the investor’s name under the same CHN.
Regulated and Secure: Transfers are processed within the CSCS framework to ensure data integrity and compliance.
Documented Transfer History: All transactions are recorded within the investor’s CSCS account for transparency.
Comprehensive Coverage: Applies to all types of securities, including equities, bonds, and ETFs.
Broker-to-Broker Coordination: Ensures both the releasing and receiving brokers authorize each transfer.
To initiate an Inter-Member Transfer, investors are to engage their preferred stockbroker to request a transfer and submit all required documents.
X - Alert Service
The CSCS Trade Alert is an investor notification service that provides real-time SMS and/or email alerts to investors whenever a transaction is executed on their CSCS account.
This service helps investors monitor their holdings, detect unauthorized activity, and stay informed on portfolio movement of their investments supporting investor inconfidence and overall market integrity
Key Features
Real-Time Monitoring: Keep track of your portfolio’s movement instantly
Enhanced Account Security: Detect and respond quickly to unauthorized trades
Convenience: Stay informed without logging into any portal
Transparency: Full visibility of all trades as they occur
Improved Financial Control: Enables prompt data – driven investment decisions based on trade activity
To subscribe to the Trade Alert Service, investors are required to make a request through their stockbroker by completing and submitting the Trade Alert Subscription Form.
Closure & Re-opening of Account
The Account Closure & Re-opening Service allows investors to efficiently manage their CSCS accounts by:
- Closing an account with no security holdings and no longer in use or whose holdings have been moved to another account.
- Re-opening a previously closed, inactive, or dormant CSCS Account to resume trading, receive dividends, or regularize their portfolio.
Key Features
Improved Portfolio Management: Enables investors to eliminate unused or duplicate accounts
Enhanced Security: Removes the risk of unauthorized access to dormant accounts
Efficient Market Participation: Re-opening allows investors to resume trading without creating new CSCS Account number/ CHN.”
To close or re-open a CSCS account, investors are required to contact their authorized stockbroker submitting all required documents.
This request is forwarded by the broker to CSCS for processing. Once approved, a confirmation will be issued to the broker.
CHN Consolidation
This service allows investors with multiple Clearing House Numbers to merge their identities into a single preferred unified CHN. This enhances visibility, eliminates fragmentation of holdings, and ensures accurate reporting and portfolio management.
Key Features
Consolidated investor identity across all accounts
Improves data integrity and reduces duplication
Simplifies KYC, portfolio monitoring, and reporting
Enables more accurate compliance and regulatory checks
Reduces operational delays caused by split identities
To initiate an CHN Consolidation, make a request to your accredited stockbroker submitting all required documents.
This request is forwarded by the broker to CSCS for processing. Once approved, a confirmation of the consolidated CHN will be issued to the broker.
For more enquiries, leave us a message using this form.
For enquiries, leave us a message using the form below.