What is Central Depository Systems (Pvt) Ltd?
Central Depositors Systems (Pvt) Ltd (CDS) is a wholly owned subsidiary of the CSE, which has taken over the functions of Clearing, Settlement and Registration from the Stock Exchange.
How do I open a CDS account?
To open a Securities Account in the CDS you should complete an Account Opening Form, which can be obtained from your stockbroker or custodian bank. There are no fees charged for opening a CDS account. Your participant organization may call for documents establishing your identity. It is possible to open and operate an account on the same day.
Every account will be identified through a unique account number and all correspondence and dealings, including trading and depository activities, will refer to this account number.
Your CDS accounts should be operated through your Participant organization, and any changes to your account will have to be forwarded through theParticipant. You cannot issue instructions directly to the CDS.
(Sourse www.cse.lk)
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