Sunday, February 04, 2007

CDS expands

The Government will implement a scriptless securities settlement and central depository system for private listed securities and government debt instruments through the FLSTAP program.


coldtusker said...

I thought CBK already has a CDS system that has pre-dated the NSE's by 2 years!

What new CDS system is bring set up?

pesa tu said...

Yes,There's a CDS for GVT. Debt at CBK.I think the new one is for all the other debt issues and private equity like Family Finance shares.
Pliz elaborate-Bankelele

Mashatall said...

private listed securities? banks please elaborate unless the govt. wants to introduce over the counter (OTC) trading for the private shares.

bankelele said...

coldtusker & pesa tu: Extension I think to a "scriptless securities settlement system" that will achive "delivery versus payment" - part of the FLSTAP program.

Mashatall: Wait & see. It would be a god-send for for institutional investors to accees private shares

Anonymous said...

hey what do u guys think of unga stocks - the price of corn is rising in the US with alot of corn being diverted to ethanol production already there are shortages in mexico with corn being the staple diet and white corn flour disappeared from store shelves in the US a year ago

Anonymous said...


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