Central Securities Clearing System

Last updated
Central Securities Clearing System (CSCS) Plc.
FormationApril 14, 1997
Location
  • Nigeria
Key people
Haruna Jalo-Waziri (CEO) [1]

Central Securities Clearing System Plc.(CSCS) is a Nigerian financial market infrastructure responsible for the depository, clearing, settlement and delivery and reporting of all securities transactions in the Nigerian capital market. CSCS provides a single access point for all post-trade services, including equities, treasury bills, bonds, commodities, funds, and cash. [2] [3]

History

CSCS started operating in on April 14, 1997. [4] In 2023, CSCS announced that they earned 7.284 billion naira from transaction and depository fees. [5] CSCS was awarded Capital Market Infrastructure Developer of the Year at Business Day Banks and other Financial Institutions (BAFI) Awards in 2024. [6]

References

  1. ↑ https://businessday.ng/news/article/cscs-sensitises-financial-market-stakeholders-on-cyber-security/
  2. ↑ Oboh (2023-08-07). "Breaking through the share index psychological level of 66,000". Vanguard News. Retrieved 2025-03-10.
  3. ↑ "CSCS increases automation, efficiencies with TCS BaNCS, apost trade service solution". Proshare.
  4. ↑ "CSCS Rides on Innovation, Diversification – THISDAYLIVE". www.thisdaylive.com. Retrieved 2025-03-10.
  5. ↑ Ugwu, Chris (2024-06-24). "CSCS earns N7.284 billion from transaction and depository fees in 2023". Nairametrics. Retrieved 2025-03-10.
  6. ↑ "CSCS Wins Capital Market Infrastructure Developer of the Year at BAFI Awards 2024". Proshare.
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