Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Monday, Nov 30, 2020
Investor
We’re investing funds for profit. Join us and wazua!
FEATURE  

LATEST DISCUSSIONS
Mumias Sugar huge demand [2860]
Is it the right time to buy CENTUM? [123]
Eye on I&,M ... [154]
Exchange Bar: Results forecast [2265]
Kenya Power HY 2019 [327]
Potential merger NIC + CBA [280]
EQUITY vs KCB [274]
KenGen HY 2019 [623]
Treasury Bills and Bonds [1426]
Housing Finance: HFCK a diamond in the rough [2072]
KCB buy buy buy [1303]
Kakuzi HY 2020 [22]
Barclays - 2018 and beyond [132]
DTB Group FY 2018 [36]
Bitcoin: Does it have a future ? [1287]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

5 Pages«<345
Kenya’s CDSC to launch short selling, day trading
kmucheke
#81 Posted : Wednesday, November 18, 2020 6:02:23 PM
Rank: Member


Joined: 3/16/2019
Posts: 227
kmucheke wrote:



Quote:
Securities lending and borrowing (SLB) is the temporary transfer of securities (shares) from one party, the lender to another, the borrower at an agreed lending/borrowing fee, with a formal agreement to return the securities either on-demand or at a future pre-agreed date.

CDSC shall be implementing SLB pilot phase transactions under the Screen-Based Model. Screen-based-model is where the lender and borrower do not know each other as the lending and borrowing requests are captured on a platform in an automated system (CDS) by the SLB agents on behalf of their clients or on their own behalf.

View the list of Approved SLB Agents. More SLB Agents shall be added as they conclude the approval process.

List of Approved SLB Agents.
AIB-AXYS AFRICA
DYER & BLAIR INVESTMENT BANK
FAIDA INVESTMENT BANK LTD
KESTREL CAPITAL (EAST AFRICA) LTD
STANDARD INVESTMENT BANK LTD


Some Q&A on
from twitter

Q:Who receives dividends during the lending/borrowing period? Is there a risk that you may lose your shares if the borrower goes bust or dies? Is there a dispute resolution mechanism?
A:All contracts will close on announcement of corporate actions allowing the owner of the shares to enjoy dividends, share splits and bonuses etc. There is 100% collateral required and an additional 10% margin to reduce risk of default on expiry of contracts.
Users browsing this topic
Guest
5 Pages«<345
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2020 Wazua.co.ke. All Rights Reserved.