KENYA - Capital Market Infrastructure Summary

Central Securities Depositories
The Central Depository & Settlement Corporation Limited (CDSC)
Central Bank of Kenya (CBK)

Settlement Cycle
T+4 for Equities
T+3 for Government bonds
In the primary market:
T+1 for Government bonds

CDSC acts as CSD for equities. For corporate bonds, various agencies (including CDSC) act as depositories. CBK acts as CSD for goverment bonds.

The Ministry of Finance is seeking to create a single CSD for equities and bonds.

Key terms defined in our glossary:

Central Securities Depository
Settlement Cycle

The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.