Wednesday February 24 2016

News Source: Global Exchanges

Focus: Takeover and Acquisition

Type: General




The Ghana CSD has provided further updates on the Go-Live Programme for the CSD. The Go-Live date has been confirmed for 8th March 2016. Timelines have been revised as below.

Timeline for confirmation of trades done on behalf of custodian clients shall be as follows:

  • 4:30 pm on T+1 for Fixed Income
  • 12:30 pm on T+2 for equity trades

Final settlement obligation will be available online to all settlement participants at the deadline for trade confirmation. Settlement Times shall be as follows:

  • Debt Securities T+2 @ 4:20 pm (16:20 GMT)
  • Equity Securities T+3 @ 2:00 pm (14:00 GMT)

Depository Participants are required to upload the following documents at the time of client registration:

For Corporates

  • Account Opening Form duly completed
  • Company Registration Certificates
  • ID for 2 Directors or Signatories
  • Resolution by Board of Directors

For Individuals

  • Completed Account Opening Form
  • Photo ID e.g. Passport, Voters ID, Driver’s Licence

Click on the link above for further details.