A CDSC (Central Depository and Settlement Corporation) account is the custodian of all securities traded at the Nairobi Securities exchange (excluding Bonds)
It is a mandatory requirement to open CDS account with a Stockbroker licensed by the Capital Markets Authority for trading purpose.
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FAQS
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1. What is A CDS Account?
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2. How Do I Open A CDS / Share Trading Account?You can do this either: Remotely through our Mobile App ‘Dosikaa’ found on Google Play store, Windows or Apple store. Simply open an account by clicking ‘open new trading account’. After you submit your details, you will receive a CDSC number which you can use to register on the platforms. By visiting our offices and filling an Account-opening form and submitting the required documents i.e. -Copy of I.D. -Copy of KRA Pin -Two passport photos
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3. What are the Costs Associated with Buying and Selling of Shares?Find below trading charges Brokerage Commission 1.76% CDSC Transaction Levy 0.08% CMA Transaction Levy 0.12% CDSC Guarantee Fund 0.01% NSE Transaction Levy 0.12% CMA Guarantee Fund 0.01% TOTAL 1.64% Stamp Duty Charges Kes.2 Per Kes 10,000 KES 100 annual maintenance fee. Total trading fee (trading commission and levies) of 2.1% for amounts below KES 100,000 and a maximum of 1.8% for amounts above KES 100,000.
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4. Can i Buy Shares Using Bonga Points?Yes, below is the process flow Dial *126# Lipa na Bonga points Paybill (111220) CDSC number as account number Enter the amount Bonga points pin 7. Your Bonga points are now converted into cash in your trading account www.abccapital.co.ke Stockbroking | Bond Trading | Corporate Finance KES 100 annual maintenance fee. Total trading fee (trading commission and levies) of 2.1% for amounts below KES 100,000 and a maximum of 1.8% for amounts above KES 100,000. Can i Buy Shares Using Bonga Points? Yes, below is the process flow Dial *126# Lipa na Bonga points Paybill (111220) CDSC number as account number Enter the amount Bonga points pin 7. Your Bonga points are now converted into cash in your trading account Bonga Points Conversion rate 5 BONGA points = 1 KES.
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5. After Buying Shares How Do I Know the Best Time to Sell?Accordion Paragraph text
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6. Can I Sell My Shares at Any Price I Want?No. The market price largely determined by demand and supply forces. The maximum or minimum a stock price can fluctuate is capped at 10% of the previous day’s average price.
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1. How do I deposit money into my Trading Account?ABC Capital have a registered paybill number 111220, your CDSC number as the account number. You may also fund your account through Bank deposit. Once you deposit via Bank kindly email the deposit slip or bank message to us on: info@abccapital.co.ke so we may credit your trading account. See our bank details below: ABC Bank ACCOUNT NAME ABC Capital Limited ACCOUNT NUMBER 000200000010704 BANK ABC Bank BRANCH Koinange SWIFT ADDRESS ABCKENA
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2. What Is the Minimum Amount of Money I Can Invest?There is no minimum amount of money you can invest. This is determined by the unit price of your preferred shares. If for example you choose to buy 1,000 shares of a stock whose cost is KES 2.00 the minimum amount required would be KES 2,00000 (excluding fee charges)
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3. What Is the Minimum Number of Shares I Can Buy?You can buy as little as one share. However, there is cost per unit and availability implications to both.
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4. How Do I Know Which Shares to Invest In?Our Research department shares with you on weekly basis market-based information to empower your decision making. This can also be found on our website www.abccapital.co.ke under market research menu. For newbies, you can join our investor’s room for more information on investments; you can find here: https://www.abccapital.co.ke/investor’sroom You may also call our Customer Care Executives who will assist you with the same. Direct Office Line: +254 20 3316143 or contact us on: trading@abccapital.co.ke or info@abccapital.co.ke We also have a YouTube channel with short, simplified videos on various investment types including Share-trading.
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5. Can I Buy Shares and Sell Them the Same Day?Yes. This is called Intraday trading and can be selected from the Delivery/Intraday option when making a purchase. Orders that fail to execute within the trading period for intraday trading automatically revert to the T+3 trading schedule.
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6. How soon can I withdraw my money after selling my shares?Settlement cycle takes four days including transaction date. Hence, a withdrawal after a sale of shares will take approximately 4 days.
OUR PARTNERS
- Capital Markets Authority
- Central Bank of Kenya
- Nairobi Securities Exchanges
- Central Depository settlement Corporation
QUICK LINKS
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Contact Us
- ABC Bank House
- Mezzanine Floor
- Woodvale Groove, Westlands
- P.O Box 34137-00100
- Nairobi Kenya
- Email: info@abccapital.co.ke
- Tel: +254 20 2246036