YOUR QUESTIONS ANSWERED
1) What does CSD Account stand for?
It stands for Central Securities Depository Account.
2) What is it used for?
It is an electronic bookkeeping account on which all purchases and sales of securities (shares and bonds) by any investor on the Ghana Stock Exchange (GSE) will be recorded.
3) Why do I have to open a CSD Account?
All investors on the GSE will be required to open CSD accounts to facilitate automated trading because without the conversion of securities into electronic form, the functions of the automated trading system will be impeded.
4) What are the benefits of opening and maintaining a CSD account?
The purchasing investor (equities)
The selling investor (equities)