Ongoing Projects CDSC Kenya Ms Florence Kamau COO

Ongoing Projects CDSC Kenya… Ms. Florence Kamau COO 3/15/2018 1

Current Status n Depository Statistics (19/10/2009) -No. of CDS accounts 1, 786, 619 -No. of distinct CDS accounts 1, 411, 112 -Total immobilized shares 31. 13 % 3/15/2018 2

Risk Management a) n n 3/15/2018 Implementation of Settlement Limits/Caps To commence in January 11, 2010. Each Central Depository Agent will have a maximum allowable exposure beyond which they can not be allowed to buy more securities. 3

Risk Management Cont’d b. ) Guarantee Fund n Guarantee Fund contribution has been revised from a minimum initial contribution of US $ 19, 933. 55 to US $ 66, 445. 18 per Central Depository Agent. NB: 1 US $= KSH 75. 25 3/15/2018 4

Risk Management Cont’d n This will result to a total amount of US $ 2, 990, 033. 22 held by the Guarantee Fund. 3/15/2018 5

Regional Integration a) Depository Services offered to Rwanda. CDSC Kenya is implementing the operational and system infrastructure to offer depository services to Rwanda Stock Exchange. b. ) Single Central Depository. The initiatives of harmonizing the East African depositories under the East African Community Council into one are still underway. 3/15/2018 6

Other Sources of Revenue a. ) Clearing and Settlement of debt securities. n Expected to commence in November 2009. b. ) Registry Services. E. g. ; n IPO processing n Distribution of corporate entitlements c. ) Immobilization Process. The business process is being shifted to the Registrars. The Central Depository Agents will be 3/15/2018 7

Other Sources of Revenue dealing directly with the Registrars. n Expected to commence by January 31, 2010 3/15/2018 8

THANK YOU 3/15/2018 9