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Central Depository & Settlement Corporation Kenya Profile picture
Central Depository & Settlement Corporation Kenya
@cdsckenya
CDSC provides automated clearing, delivery and, settlement facilities in respect of transactions carried out at Nairobi Securities Exchange in Kenya.
Feb 3, 2022 • 7 tweets • 2 min read
#ThursdayThreads
Let's talk about Dividends.
Investors in the stock market earn returns in two main ways; Capital gains when the stock price goes up or through Dividend payments that are usually made annually based on company performance.
The amount of dividend to be paid out... ...is usually defined by a listed company's dividend payment policy.
Public companies normally declare dividends when announcing their full year results.
However, in some instances where the financial performance for a given period (quarterly/or half year results) have exceeded
Sep 9, 2021 • 11 tweets • 2 min read
THREAD
SHARES TRANSFER PROCESS
Here is how to transfer shares in instances where an investor is deceased.
1. Confirm that the deceased had shares. You can contact CDSC with the ID number and full name of the deceased and we shall confirm for you if their CDS account has holdings (We shall however, not give you their shareholding information or the CDS account number)
2. Go to your local chief in the location the deceased was buried to write you a letter confirming the nature of your relationship with the deceased.
Sep 8, 2021 • 4 tweets • 1 min read
THREAD...
How to gift your loved ones with shares.
Shares gifting applies to close family members (spouse, parent, sibling or children)
1) The investor visits their stockbroker/custodian bank (CDA) and duly fills a Private transfer Form (CDS 7) 2) The stockbroker/custodian bank verifies the authenticity of the supporting documents, signs and returns to the client relevant copies of the Private transfer Form.
3) Where the transferor’s CDA differs from the transferee’s CDA, the transferor CDA will return the CDS 7 form