ZSE Depository records increased on boarding
A Central Securities Depository (CSD) is an electronic register of securities such as shares, bonds, derivatives, Exchange Traded Funds.
A CSD allows for ownership to be easily transferred through electronic book entry as opposed to the manual paper certificate transfers.
The ZSE was licensed to operate a CSD in July 2021 and started its operations in October 2021 with CAFCA Limited as the pioneer.
Axia Corporation Limited, Amalgamated Regional Trading (ART) Holdings Limited, Truworths Limited, Seedco Limited, FBC Holdings Limited and Masimba Holdings Limited later joined the ZSE Depository in November 2021.
Simbisa Brands Limited, Innscor Africa Limited and Dairibord Holdings Limited joined the ZSE Depository in 2022.
In the first quarter of 2022, the ZSE Depository onboarded two Exchange Traded Funds (ETFs); Morgan & Co Multi-sector ETF Trust and Datvest Modified Consumer Staples ETF.
As at March 31, 2022, the ZSE Depository had a total of 12 issuers, two of which are Exchange Traded Funds.-eBusiness Weekly
