The Central Depository and Settlement Corporation experienced a massive decrease in the number of active CDS accounts from 1,527,834 in 2016 to 1,150,270 in 2017. The decline was due to a clean-up exercise undertaken by the corporation during the period..
In March 2019, the company engaged in another cleanup program that resulted in the deactivation of CDS accounts that had been inactive for more than two years. The company aims to enhance efficiency and improve service quality through the clean-up exercises.
CDSC provides clearing and settlement services for all capital markets transactions in Kenya. In 2017, 248,843 trades were settled through the company down from 300,454 trades settled the previous year.However, the value of the trades increased by 16 percent from KSh267 million in 2016 to KSh310 million in 2017.
In 2016, the CDSC help set up a trustee company for the Guarantee Fund. The Guarantee Fund is a platform that ensures all capital markets traders are protected from fraud. The fund collects contributions from stock brokers, fines and penalties charged by the CDSC, as well as contributions to the Investor Compensation Fund. At the end of 2017, the Guarantee fund had assets worth KSh823 million.
