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CSCS introduces New Pricing Regime

By on January 20, 2012

The Central Security Clearing Systems has introduced a new fee regime for its services. According to a circular on its website entitled, REVIEW OF CSCS PRODUCT/SERVICE CHARGES EFFECTIVE, the new fees are payable on transactions from January 1, 2012.

Products affected are

  1. Daily Trade (Fard Copy) which now attracts N 200/trading day, up from N 100.
  2. Daily Trade (Soft Copy) this now attracts N 100/day, down from N 200.
  3. Stock Balances (soft Copy) has been reviewed from N 10,000/house to N5/KB

Other affected products/services include

  1. Certificate Withdrawal
  2. Share Withdrawal Request
  3. GDR transfer
  4. Account Opening
  5. Special Accounts

For a full view of the affected products and services, please visit the CSCS homepage