How to check my CSCS account online: the only guide you need
Central Securities Clearing System provides users with a convenient way to see all the needed information on the website. Read on to know how to check my CSCS account online.
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CSCS is responsible for clearing, storing and settlement of securities transactions. The organization works on a computerized depository system.
How to check my CSCS account online
Everyone can open an account and obtain a CSCS account number. To open it, you need to go to a registered stockbroker sec.gov.ng to see the list of approved stockbrokers.
The broker can open an account for you with the help of their firm. The requirements of how to create a CSCS account include:
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- A means of Identification (either of national ID, drivers license, or international passport)
- Incorporation documents
- A CSCS account opening form
- Passport size photo
- Utility bill
NB: It is free to open a CSCS account.
A process on how to check CSCS account online
Below are simple steps you can follow for your cscs online registration.
- First, you should register and pay for a GTB or UBA account
- Use the payment teller and register.
- Complete and submit the form.
- Enter Clearing House Number (CHN).
- Confirm your email.
- Once you have confirmed your email, you can visit the cscs Nigeria login portal www.cscsnigerialtd.com and sign in.
The registration for online access requires a subscription fee which varies depending on your account type. They include:
|Special account corporate||N6,020|
|Special account family||N6,020|
|Stockbrokers and custodians||N6,200|
You can pay the subscription fee online using your Naira Debt card, online transfer, or deposit cash at any of the following accounts:
- Account number: 0002925874
- Account type: Current account
- Account number: 1006864216
- Account type: Current Account
NB: The account name is CSCS PLC. If you are paying through an online transfer, add your CHN number as a remark and contact CSCS after the payment.
CSCS Nigeria renewal
The CSCS online renewal process is currently automatic.
- Visit their official website.
- Choose your user type, e.g. individual investor.
- Key in your user name and your CSCS member code.
- Choose the number of years you are renewing.
- Chose the payment method and click "Renew Subscription".
NB: All the prices are inclusive of 7.5% Vat.
What is a CSCS account?
CSCS is Nigeria's Central Securities Depository (CSD) authorised to handle the depository, clearing, and settlement of all transactions in the country's capital market.
Can I have two CSCS accounts?
Yes, it is possible however you can contact their offices for more clarifications about that.
How do I open a CSCS account in Nigeria?
To open a CSCS account, you must first open an account with a stock brokerage firm. Once you have done that, you can log in to their portal and register an account.
How do I get a CSCS account?
Once you have registered with stock brokerage, you can register to get a CSCS account. Below are the important details you will need to fill in.
- User type
- CSCS number
- Surname and other names
- Email address
- Telephone number
- Desired username
- Teller number
CSCS online checker system will send you a notification on your email once your registration process is successful. If you need clarification about the CSCS account online, you can visit their offices in Lagos or Abuja.
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