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CDSC partners with Nigeria, Bermuda clearing firms
Africlear Global chairperson Rose Mambo. Nigeria’s Central Securities and Clearing System (CSCS) and Kenya’s Central Depository and Settlement Corporation Limited (CDSC) jointly signed a memorandum of understanding facilitated by AfriClear Global that will facilitate cross-border clearing and settlement of all sales and purchases by citizens of the two countries. FILE PHOTO | NATION MEDIA GROUP
The Central Depository and Settlement Corporation (CDSC) has partnered with two firms to form settlements firm Africlear Global.
The new company is expected to provide new income for the investors and reduce transaction costs for clearing houses through efficient after-trade processing.
