Central Securities Clearing System
From Wikipedia, the free encyclopedia
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]
| Formation | April 14, 1997 |
|---|---|
| Location |
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Key people | Haruna Jalo-Waziri (CEO) [1] |
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
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