CASH transaction settlements for the purchase and sell of bonds and shares at the capital markets will now be done through the Central Bank to speed up the process. Central Depository and Settlement Corporation, Capital Markets Authority and Central Bank of Kenya have partnered in a new cash settlement model for equities and corporate bonds. The Real Time Gross Settlement System which became operational on Thursday will replace the previous system which saw cash settlement for transactions of securities effected through four commercial banks appointed by CDSC. "The settlement of equities and...
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