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1. OPENING OF CENTRAL DEPOSITORY SYSTEM(CDS)ACCOUNTS FOR KENYA GOVERNMENT SECURITIES.
- Prospective investors wishing to buy or trade in any Kenya Government securities
are required to open a CDS account with the Central Bank of Kenya. The CDS account
acts as the investor’s securities holding and trading account.
- Investors may choose to open the CDS accounts directly with the Central Bank
of Kenya or open a client account through an authorised agent which includes, commercial
banks, investments banks, stock brokers and investment advisors. It should however
be noted that no fee is charged for opening and maintenance of the CDS accounts
opened directly at the Central Bank of Kenya.
- CDS accounts may be opened in the names of individual investors or corporate entities.
Individual investors may open CDS accounts either singly or jointly, while the corporate
investors include companies, co-operatives and other societies, insurance companies,
banks , non- Bank financial institutions, NGO’S and entities established by statutes,
which are mainly State Corporations.
The Central Bank of Kenya will keep the public informed in case of any changes.
2. REQUIRMENTS
3.
SAMPLES OF CDS ACCOUNTS MANDATE CARDS
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