FAQ | Stock Broking

 

Q1. How do I open a DSL account? 

A1.To open a DSL account, client will need to complete two forms namely; The DSL Individual or Corporate Account opening form in addition to the CSCS Stock account opening form.

Q2. What are the documentations required for the account to be opened.

A2.The documentations required for the submission of the account opening forms include; One recent passport photograph, photocopy of a valid means of Identification e.g. Data page of valid international passport or Driver's license, that is for individual account, while for corporate account, we require the Company's certificate of Incorporation, Signature mandate, passport photographs of authorized signatories in addition to Company's Board Resolution.

Q3. Is it possible to buy shares immediately the DSL individual or corporate account is opened?

A3. In addition to the Diamond Securities account, clients are required to also maintain a CSCS account for transactions of the secondary market to be executed on their behalf.

Q4. What is CSCS?

A4. CSCS is an acronym for Central Securities Clearing Systems. CSCS provides central depository and custodian facilities for storage and management, clearing and settlement of securities transactions in the Nigerian Stock Exchange.

 

 



 
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