Central Securities Depository

Central Securities Clearing System Plc (“CSCS”) is the appointed CSD for NASD OTC Securities Exchange.
CSCS performs clearing and settlement functions for admitted securities traded on the NASD OTC market. Clearing and settlement is “Delivery versus Payment’..

CSCS provides a safe and cost effective solution for depository services and holds the admitted securities in a dematerialized form.

CSCS is Nigeria’s annotation agent and shall when required, issue International Securities Identification Numbers (ISINs) to admitted securities on the NASD OTC Securities Exchange..

Settlement Cycle:

Class	Settlement Cycle
Equity	T+3
Bond	T+2

The Central Securities Clearing System (CSCS) Plc is a Financial Market Infrastructure (FMI) incorporated on July 29, 1992 as a Private Limited Liability Company and commenced operations on April 14, 1997. CSCS’ core business objectives centers on being the Depository, Clearing and Settlement Company for listed and traded securities in the Nigerian Capital Market. For more information, visit CSCS WWW.CSCS.NG

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Central Securities Depository

Settlement Cycle:

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