Central Securities Depository (CSD)

May 1, 2019 by  
Filed under Nigeria Stock Exchange

A specialist institution or financial institution that holds securities such as shares in a physical (certificated) or dematerialized (existing solely as electronic records) so that ownership can be easily transferred via a book entry rather than physically. A CSD may provide other services such as electronic clearing and settlement of securities, as well as services such as securities borrowing and lending. See CSCS

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