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CSD a done deal
NewsDay Staff ·
Capital markets players last Friday signed a shareholder agreement for the setting up of a Central Securities Depository (CSD) at a low key ceremony after the process had been stalled due to shareholder disagreements.
The Zimbabwe Stock Exchange (ZSE) interim board chairperson Eve Gadzikwa this week confirmed that the pact, which paves way for the formation of the country’s first CSD, was inked during the bourse’s annual general meeting last Friday.
A CSD is an entity that holds and administers securities and enables transactions to be processed by book entry.
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