Central Security Depository
“Over a decade ago, the Namibian Stock Exchange (NSX), the Ministry of Finance, and the Namibia National Payment System (NPS) identified the establishment of a central securities depository (CSD) as a strategic priority. This initiative was aimed at enhancing the operational efficiency of the NSX and fostering an active and vibrant capital market. By integrating the CSD with the Namibia Inter-bank Settlement System (NISS), the goal was to increase market turnover, liquidity, and immediacy, benefiting the entire securities market and achieving delivery-versus-payment (DVP) in the settlement of securities transactions.
This resulted in the co-funding of the Central Securities Depository Limited (the CSD Company) of which the Bank of Namibia and the NSX are shareholders on a 51%(NSX) – 49% (BoN) basis.
Upon its launch, the CSD Company will hold securities in electronic form and facilitate electronic clearing, settlement, registration of securities, and managing corporate actions.
The CSD Company will further mitigate the risks associated with the clearing and settlement process by reducing reliance on paper-based systems (which are vulnerable to fraud) and minimizing manual processes which will save the issuers time, effort, and costs associated with printing certificates.
For further information contact Tjiundja Kazohua
Chief Regulatory Officer | Email: