Central Securities Clearing System Plc (CSCS) – CSCS is licensed by the SEC as a central securities depository (CSD). A CSD facilitates the delivery (transfer from seller to buyer) and settlement (payment) of traded securities. The CSCS enables securities transactions to be processed electronically. The company’s primary functions include:
Central depository for electronic share certificates of companies listed on the Exchange
Sub-registry for all listed securities (in conjunction with registrars of listed companies)
Issuer of central securities identification numbers to shareholders
Custodianship (in conjunction with custodians of local and foreign instruments)
CSCS offers investors online account access to view their securities portfolios. Investors must first select a broker before an account can be opened with the CSCS.
