According to CDSC, the CDS acts as the central depository (safekeeping, deposit and withdrawal of securities certificates and transfer of ownership/rights) for various instruments such as equity, bonds and warrants in a dematerialised (electronic) form. Under the new provision, stock ownership has to be first converted into Demat format.
A Demat account can be opened through Depository Participant (DP), an agent appointed by the CDSC.
List of Licensed Depository Participants
- Civil Capital Market Ltd.
-ACE Capital Ltd.
-Stock Management & DP Ltd.
-Nabil Investment Banking Ltd.
-NIBL Capital Markets Ltd.
-Laxmi Capital Ltd.
-Everest Bank Limited
-Siddhartha Capital Limited
-NMB Capital Limited
-Bank of Kathmandu Limited
Similarly, the companies listed on Nepse also have to open a Demat account with CDSC. Potential investors, after being okayed for a Demat account, can post the number of shares they want to buy or sell through their brokers.
According to CDSC company secretary Subodh Dhungel, the should enter the assigned number of shares in “Pull Account” through which trading is done. Investors are required to pay Rs 50 to open a Demat account and an annual fee of Rs 100. “Other processing costs are born by the concerned companies,” said Dhungel.
Under the new system, brokers also have to become members of CDSC to act on behalf of their clients.
List of Registered Clearing Members
| S.No. | Clearing Members | CM No. |
|---|---|---|
| 1 | ABC Securities Pvt. Ltd. | 17 |
| 2 | Agrawal Securities Pvt. Ltd. | 6 |
| 3 | Arun Securities Pvt. Ltd. | 3 |
| 4 | Aryatara Investment & Securities Pvt. Ltd. | 57 |
| 5 | Ashutosh Brokerage & Securities Pvt. Ltd. | 8 |
| 6 | Asian Securities Pvt. Limited | 26 |
| 7 | Bhrikuti Stock Broking Co. Pvt. Ltd. | 55 |
| 8 | Creative Securities Pvt. Ltd. | 40 |
| 9 | Crystal Kanchanjunga Securities Pvt. Ltd. | 50 |
| 10 | Dakshinkali Investment & Securities Pvt. Ltd. | 33 |
| 11 | Dipshika Dhitopatra Karobar Co. Pvt. Ltd. | 38 |
| 12 | Divyaa Securities & Stock House Pvt. Ltd. | 59 |
| 13 | Imperial Securities Co. Pvt. Ltd. | 45 |
| 14 | Investment Management Nepal Pvt. Ltd. | 53 |
| 15 | J.F. Securities Company Pvt. Ltd. | 7 |
| 16 | Kalika Securities Pvt. Ltd. | 46 |
| 17 | Kumari Securities Pvt. Ltd. | 1 |
| 18 | Kohinoor Investment And Securities Pvt. Ltd. | 35 |
| 19 | Linch Stock Market Ltd. | 41 |
| 20 | Malla & Malla Stock Broking Company Pvt. Ltd. | 11 |
| 21 | Market Securities Exchange Co. Pvt. Ltd. | 5 |
| 22 | Midas Stock Broking Company Pvt. Limited | 21 |
| 23 | Nasa Securities Co. Ltd. | 58 |
| 24 | Nepal Investment & Securities Trading Pvt. Ltd. | 19 |
| 25 | Nepal Stock House Pvt. Ltd. | 14 |
| 26 | Online Securities Pvt. Ltd. | 49 |
| 27 | Opal Securities Investment Pvt. Ltd. | 4 |
| 28 | Oxford Securities Pvt. Ltd. | 51 |
| 29 | Pragyan Securities Pvt. Ltd. | 10 |
| 30 | Premier Securities Company Limited | 32 |
| 31 | Primo Securities Pvt. Ltd. | 16 |
| 32 | Sagarmatha Securities Pvt. Limited | 18 |
| 33 | Sani Securities Co. Ltd. | 42 |
| 34 | Sewa Securities Pvt. Ltd. | 54 |
| 35 | Shree Krishna Securities Ltd. | 28 |
| 36 | Sipla Securities Pvt. Ltd. | 20 |
| 37 | Siprabi Securities Pvt. Limited | 22 |
| 38 | South Asian Bulls Pvt. Ltd. | 43 |
| 39 | Sundhara Securities Ltd. | 56 |
| 40 | Sweta Securities Pvt. Ltd. | 25 |
| 41 | Thrive Brokerage House Pvt. Limited | 13 |
| 42 | Trishakti Securities Public Pvt. Ltd. | 48 |
| 43 | Trisul Securities & Investment Ltd. | 29 |
| 44 | Vision Securities Pvt. Ltd. | 34 |
| 45 | Neev Securities Pvt. Ltd. | 47 |
| 46 | Dynamic Money Managers Securities Pvt. Ltd. | 44 |
| 47 | Secured Securities Ltd. | 36 |
| 48 | Sri Hari Securities Pvt. Ltd. | 56 |
| 49 | Sumeru Securities Pvt. Ltd. | 39 |
| 50 | Swarnalaxmi Securities Pvt. Ltd. | 37 |
Other companies which have obtained a license from the Securities Board of Nepal (Sebon) can also perform the clearing function of stock transactions. The new provision is expected to minimise hassles for investors while buying and selling stocks. The system also makes it easier to acquire rights shares issued by the companies concerned.
“The new system allows traders to do multiple transaction on the same day,” said Dhungel. According to him, investors can also buy and sell shares in small quantities.
All the listed companies will have to open a Demat account at CDSC.
List of Registered Companies
| S.No. | Company | ISIN |
|---|---|---|
| 1 | ACE Development Bank Ltd. | NPE000A00007 |
| 2 | Agricultural Development Bank | NPE001A00005 |
| 3 | Everest Finance Co. Ltd. | NPE002A00003 |
| 4 | Bank of Kathmandu Ltd. | NPE003A00001 |
| 5 | Laxmi Bank Ltd. | NPE004A00009 |
| 6 | Himalayan General Insurance Co. Ltd. | NPE005A00006 |
| 7 | Shikhar Insurance Co. Ltd. | NPE006A00004 |
| 8 | Nepal SBI Bank Ltd. | NPE007A00002 |
| 9 | Siddhartha Insurance Limited | NPE008A00000 |
| 10 | Siddartha Bank Ltd. | NPE009A00008 |
| 11 | PrimeLife Insurance Co. Ltd. | NPE010A00006 |
| 12 | Citizens Bank International Ltd. | NPE011A00004 |
| 13 | Civil Bank Ltd. | NPE012A00002 |
| 14 | Nepal Bangladesh Bank Ltd. | NPE013A00000 |
| 15 | Sunrise Bank Ltd. | NPE014A00008 |
| 16 | Nepal Life Insurance Co. Ltd. | NPE209A00004 |
| 17 | Himalayan Bank Ltd. | NPE019A00007 (Ordinary Share)
NPE019A00015 (Promoter Share) |
CDSC UPDATE
| Registered Companies: | 17 |
| Registered Clearing Members: | 50 |
| Licensed Depository Participants: | 10 |
| Beneficial Owners' Demat Account: | 624 |
| No. of Shares in Demat Form: | 179814 |
| Companies in Pipeline for Admission of Securities: | 20 |
| DPs in Pipeline: | 2 |
| As of 2014-07-22 | |
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