Individuals, unclaimed shares the biggest accounts on the CSD

INDIVIDUAL and unclaimed shares held the largest number and proportion of accounts on the Chengetedzai Securities Depository (CSD), accounting for 49,26% and 38,30%, respectively, of total accounts opened last month.

A central securities depository (CSD) is a specialised financial organisation holding securities like shares, either in certificated or uncertificated (dematerialised) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates.

This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement.

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