Page 35 - 2017-2018 NSE FACTBOOK.cdr

2017/2018 NSE FACT BOOK 2017/2018 NSE FACT BOOK
The Performance Documentary of Listed Nigerian Companies The Performance Documentary of Listed Nigerian Companies

The Central Securi es Clearing System (CSCS) Plc CSCS Depository & Se lement Sta s cs For 2017

In 2017, the total value of securi es (Equi es, Bonds and ETFs) se led increased by 118.78%, N 581.78 billion in
2016 to N 1,272.83 billion Naira in 2017. In the same vein, the volume of securi es se led increased from 96.63
Brief History of CSCS billion units in 2016 to 102.10 billion units in 2017, represen ng an increase of 5.66%.

The Central Securi es Clearing System (CSCS) Plc was incorporated on July 29, 1992 as a Financial Market
Infrastructure (FMI) for the Nigerian Capital Market. It was commissioned in April, 1997 and commenced Value Se led (in billion Naira) Volume Se led (in billion units)
opera ons in April 14, 1997. On the 16th of May 2012, CSCS became a Public Liability Company (PLC) by a
special resolu on.
1,340.92 1,272.83 106.66 108.59 102.10
CSCS is licensed by the Securi es and Exchange Commission (SEC) as a Central Depository, Clearing and 88.74 94.76 96.63
Se lement Agency for transac ons in the Nigerian Capital Market. It operates a computerized depository, 1,043.64 1,004.39
clearing, se lement and delivery system for transac ons in securi es in the Nigerian Capital Market.
656.11
CSCS facilitates the delivery (transfer of securi es from seller to buyer) and se lement (payment of bought 581.79
shares) of securi es transacted on approved Nigerian Exchanges. It enables securi es to be processed in an
electronic book-entry form thereby substan ally reducing the period it takes to consummate a transac on.

CSCS has made visible strides in the Nigerian Capital Market and will con nue to respond to the needs of the
2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017
securi es and commodi es market to further enhance transparency and speedy se lement of transac ons.

VISION STATEMENT MISSION STATEMENT Assets Under Custody For 2017

"To be the globally respected and leading "We create value by providing securi es depository, Assets Under Custody: The total volume of securi es held in our depository increased by 1.0%, from 964.0
Central Securi es Depository in Africa". clearing, se lement and other services driven by billion units in 2016 to 973.6 billion units in 2017. Also, the value of securi es increased by 31.75%, from N9,
innova ve technology and highly skilled workforce". 906.6 billion in 2016 to N 13,052 billion in 2017. The assets comprises: NSE Equi es and NASD admi ed
securi es.

Value NASD Volume
CORE VALUES (SECURE) NASD 4%
1%

SECURITY: UPRIGHTNESS:
We are safety conscious in our interac ons taking all We are honourable and honest in our dealings. We
necessary precau on to protect valuables entrusted in our maintain integrity and high ethical standards in our
care. opera ons.

EFFICIENCY: RESOURCEFULNESS:
We work smart, ac ng responsively and with urgency to We encourage ingenuity, inven veness and crea vity of
meet our clients' needs in mely and effec ve manner our employees. This produces original and imagina ve
ideas for our growth and development.
NSE
CONFIDENTIALITY: 96%
NSE
We handle informa on with respect for privacy, utmost EXCELLENCE: 99%
discre on and at absolute legal non-disclosure basis We respect and reward meritocracy, crea ng a work NSE NASD NSE NASD
environment that drives increasing knowledge and skills of
our employees for consistent delivery of quality output
2017/2018 NSE FACTBOOK 2017/2018 NSE FACTBOOK
me a er me.

32 33