What is a CDS Account?

It is an electronic account that holds shares bought at the Exchange

How do I open a CDS Account

By visiting our offices and completing and signing a securities account opening/maintenance form called CDS

What do you need to open a CDS Account? –

  • Two recently taken passport size photographs,
  • Original National ID or passport.
  • KRA Pin Certificate Copy

In the case of a company you need

  • The original certificate of incorporation, and if you are an organization registered in any other way you need the certificate of registration.
  • Directors of a company will also need to provide their ID Cards and passport size photographs.
  • KRA Pin Certificate Copy for the Company and Directors

How can I track my investment

Statements are sent on a monthly basis and upon request. Also, once you trade, a statement is sent at the end of that trading day.

Benefits of having a CDS account-

  • Immediate transfer of securities
  • Elimination of risks associated with physical certificates such as bad delivery, fake securities among others
  • Reduction in paperwork involved in transfer of securities;
  • Reduction of transaction cost
  • Convenient method of consolidation of CDS accounts
  • Holding investments in equity, debt instruments and Government securities in a single account
  • Automatic credit into securities account, of shares, arising out of split or a consolidation or a merger among others

What is the minimum investment amount for Unit Trust Fund?

– The minimum amount is Ksh. 500