As part of our commitment towards improving our processes and providing value to the Nigerian Capital Market, CSCS Plc, has introduced a new feature to the Data Exchange Portal, with an automated Inter-member transfer process, for stockbroking firms designated as inactive.
Inter-member transfer refers to the transfer of an investor’s portfolio from one stockbroking firm to another stockbroking firm.
Initiating an inter-member transfer from an inactive house to an active house has been designed to be completely remote (making use of the CSCS Data Exchange Portal) and relies on the use of a token and one-time password sent via SMS to enhance the security of the process.
Below are highlights of the updated process:
Estate accounts – Letter of Administration or a will that is registered with a Probate Registry and Death Certificate;
Corporate accounts – CAC Certificate of Incorporation, details of Director ownership, BVN of all Directors.
Kindly download the required forms and the full manual below for a step-by-step guide on the updated process which will be open for use from 16th March 2020.
As always, we are committed to serving you better and we appreciate your business and continued patronage.
Online Portfolio Management View is a service aimed at providing investors with access to view their respective stock portfolio in addition to services provided by intermediary stockbrokerage firms. We ask that you ensure that all devices used to access the Service are adequately protected from malware and viruses. You must also take care to secure and maintain the confidentiality of your password and log-in information. CSCS shall not bear any responsibility and or be liable for any unauthorized access to your information on the Application using your log-in details.