Clearing and Settlement

 

Central Securities Clearing System Plc ("CSCS") shall handle clearing and settlement on the OTC market.
CSCS provides a safe and cost effective solution for depository services and holds the admitted OTC securities in a dematerialised form.
CSCS is Nigeria's annotation agent and shall when required, issue International Securities Identification Numbers (ISINs) to OTC securities traded on the NASD platform.

For more information visit CSCS site here
 

Clearing and settlement of OTC securities are on a 'Delivery versus Payment' on day T+3. Settlement banks are expected to fund their Central Bank account and ensure that trades processed through the designated accounts are promptly settled.


6 Leading banks provide settlement services to the OTC Market

Access Bank PlcFirst Bank LimitedGuaranty Trust BankStanbic IBTC BankSterling Bank PlcUnited Bank of Africa Plc

Quick Links

Become a Trading Institution Trading Institution Fees Approved Trading Institutions Trading Institution Performance Market Circulars Rules and Regulations Clearing and Settlement Market Reports Form Downloads

Market News

  • 09Nov, 2016
    ENSURE INSURANCE PLC APPROVED TO TRADE ON NASD OTC MARKET
    Read More
  • 06Sep, 2016
    AIR LIQUIDE PLC APPROVED TO TRADE ON NASD OTC MARKET
    Read More
  • 06Sep, 2016
    Proshare, NASD form strategic partnership to boost Nigerian Financial Market
    Read More
  • 21Jun, 2016
    ARM PROPERTIES CHANGE OF NAME TO MIXTA REAL ESTATE PLC
    Read More
  • 16Jun, 2016

    LMC, NASD Hold Talks on Listing NPFL Clubs ...

    Read More
  • 01Jun, 2016
    NASD COMMENCES DEBT INSTRUMENT TRADES
    Read More
  • 13Jun, 2016
    AG Mortgage bank plc listing
    Read More
  • 26Apr, 2016
    NMRC Strengthens Corporate governance,appoints Okeahalam Board Chairman
    Read More
  • 29Jan, 2016
    VITAL PRODUCTS PLC NOW TRADING ON NASD OTC MARKET
    Read More
  • 29Jan, 2016
    WAMCO Nigeria opens N2b Cutting Edge Warehouse
    Read More