Nairobi Securities Exchange PLC · NSEKE:NSE

Nairobi Securities Exchange — Central Depository and Settlement Corporation (CDSC) — Corporate Update (May 2005)

13 slides from Nairobi Securities Exchange's corporate update, May 24, 2005

  1. Slide 1: CDSC Update 1st Quarterly Brief

    CDSC Update 1st Quarterly Brief By: Mr. Peter M.Waiyaki Chief Executive 24 May 2005

  2. Slide 2: Table of Contents

    TABLE OF CONTENTS Commencement Statistics Impact Going Forward

  3. Slide 3: Commencement

    en COMMENCEMENT

  4. Slide 4: Commencement

    Commencement •Commenced operations on 10th November 2004 •Effective 28th February 2005 – all equities trades are settling through the Central Depository System (CDS) •Very good response to immobilization.

  5. Slide 5: Statistics

    en STATISTICS

  6. Slide 6: Statistics

    Statistics Very good response to immobilization • No. Of accounts: 28,600 • No. Of certificates: 160,994 • No. Of shares immobilized: 746,552,539 ( about 15% of all shares in the market and about 60% of all free float shares) • Value of shares in the depository: Kshs. 47.5 billion (13.5% of the mark

  7. Slide 7: Accounts Opened Weekly

    Accounts Opened Weekly 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Weeks

  8. Slide 8: Impact

    en IMPACT

  9. Slide 9: Impact

    Impact 1. Faster processing of transfers – sales and purchases – 5 day settlement cycle – Investors can get paid faster due to settlement in cleared funds 2. Less paperwork 3. Delivery vs. payment 4. Better facility for lenders to take security over shares 5. Capability of settling for shorter perio

  10. Slide 10: Impact… Cont'd

    Impact… Cont’d 6. Cleared the way for automated trading – 5 day settlement cycle – Investors can get paid faster due to settlement in cleared funds 7. No. of transactions have risen from about 300 in early March to 600 in the last few trading sessions 8. The capability of the System to process incre

  11. Slide 11: Going Forward

    Going Forward

  12. Slide 12: Going Forward

    Going Forward 1. Continue with immobilization; 2. Finalize preparations for fixed income securities settlement through the CDS; 3. Reduce settlement cycle to T+3 as soon as possible.

  13. Slide 13: End

    End

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