Investment Account

CDSC Account

The CDSC Account is an electronic account that holds your shares and manages the process of transferring shares that are traded in the N.S.E (Nairobi Securities Exchange). You may open a CDSC Account through a stockbroker, Investment Bank or Custodian (Equity Bank) authorized by Central Depository and Settlement Corporation, the entity that facilitates holding of shares in electronic accounts opened by shareholders.

C.B.K CDS Account.

C.B.K CDS Account This is an electronic account managed by the Central Bank of Kenya that holds an investors’ Treasury Bills and Treasury Bonds and manages the purchase and sale of the securities.

FEATURES OF CDSC ACCOUNT.

  • It allows immediate transfer of shares upon purchase or sale.
  • There is no paperwork involved during the transfer of shares from a buyer to seller.
  • Account automation eliminates risks of forgery, damage to the document, clerical errors etc.
  • An investors shares are held in one account making it easy for management.
  • An investor can receive an electronic statement of his/her account holdings.

FEATURES C.B.K CDS ACCOUNT.

  • The account is for trading in treasury bills and treasury bonds only.
  • The account is opened by the Central Bank of Kenya on behalf of investors.
  • An investor can receive an electronic statement of his/her CDS account holdings.

 

  • REQUIREMENTS

    • An Equity Bank Account.
    • A copy of your Kenyan ID/Passport, a passport size photo and your KRA PIN.
    • A fully executed and signed CDS 1 form.

    TRANSACTION PROCESS

    • Visit any of Equity Bank branches to fill CDSC forms, share purchase or sell form and the hank will facilitate the transactions for you.

    RIGHTS AND OBLIGATIONS

    • T & Cs are available on CDSC website and on the respective forms.

    COMPLAINTS HANDLING PROCESS

    • Lodge complaint at any of our branches, via call center, info@equitybank.co.ke or website: https://equitygroupholdings.com/ke/ We will record your feedback and issue you with a reference number.
    • We will acknowledge you feedback within 48hours.
    • If we cannot resolve the complaint immediately, we will advise on the next cause of action and when to expect feedback from us.
    • We will endeavor to resolve the complaint within 7 working days. However, should we require more time to it, we will keep you updated with progress every 7 days until the complaint is resolved.
    • Should the resolution not meet your satisfaction, feel free to get back to us with your concerns and we will review the issue and resolution and revert to you.

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