KCB Capital is an investment bank that seeks to provide strategic and financial advice to meet the growth aspirations of its clients. It was fully licensed by the Capital Markets Authority (CMA) in February 2014 to undertake investment banking activities, and subsequently acquired trading rights on the Nairobi Securities Exchange (NSE) in September 2014.
The first step is to open a CDS (Central Depository and Settlement) account with a stockbroker licensed by the Capital Markets Authority. A CDS account holds securities traded at the Nairobi Securities exchange apart from bonds issued by the Central Bank of Kenya.
CDS stands for the Central Depository System Account. This is a computer system operated by The Central Depository and Settlement Corporation (CDSC) that facilitates holding of shares in electronic accounts.
Individual – Documentation Check List:
Company – Documentation Check List:
This is as a result of regulations from the Capital Markets Authority that requires stock brokers to carry out a due diligence on their clients. The process enables us to identify and ascertain relevant information pertinent to doing business with you. A key benefit of this process is that it will enable us to prevent identity theft, fraud and thereby protect your investment with us.
CDSC account opening process should be done ideally within 24 hours if the account opening form is in order and all the KYC requirements are in place. However, this may not always be the case.
The minimum amount one can invest is determined by the price of the shares one chooses to buy. The minimum shares one can buy in the market are 100 shares.
A stockbroker will assist a client in selecting a suitable investment portfolio depending with the investor’s investment objective and risk appetite. Most stockbrokers have a research department that does analysis on the companies quoted at the Nairobi Securities Exchange and advises clients accordingly.