CHN Number is the one to use because it is for depository purpose unlike the account number that is for Automated Teller System/finaicial transactions.

The only challenge is that issuing houses keep confusing public investors by requesting for cscs account numbers on their forms rather than CHN numbers.

It is better to stick to what is right and not to make some experimental assumptions: Use CHN numbers always on IPO/PO forms.

your account must have been opened , pls do send me an email stating your namel and i would get your account details across to you. Most new accounts get trade alert when their accounts are opened so I took it for granted that once I process the account the investors would get their details via text. Perhaps you used a foreign number not supported by trade alert. Some clients in USA, UK, Ireland have been receiving there account details via trade alert.

Apologies for the delay , kindly send me a reminder and I would get your account detailos across to you.

Regards.

YEMI

Both are your CSCS numbers.

The alpha numeric is for depository purposes while teh numeric is for Automated Trading System , that is ties your financial transactiosn to your account.

By extension you write the alpha numeric on your Public offer forms and you also use alpha numeric to access your CSCS account online .

STOCKFISH

The patient woman’s fish
Buy … hold… then sell as meat.

Don’t mind those scary jargons:
Verification, suspension come IPO
Dematerialization, mandate or PO
They all mean “food processing”
Better still “stockbroker’s headache”.

Buy low … sell high …
That alone would break you even.
Always remember
Every kobo counts every casual second
In stockfish business!

(c) Ogunyemi

Read up ,  Beginner's Guide on www.stockmarketnigeria.com I would be available to answer any other questions on Monday. Have a great weekend.

Regards

ogunyemi@gmail.com 08056259633

Please read up this thread it addresses your request suffciently:

www.nairaland.com/nigeria/topic-86213.0.html

Regards.

Did you buy the access on secondary market or you gave the broker a certificate?

pls kindly send me the fact sheets ogunyemi@gmail.com

All stocks are generally going down now and would continue like that till late Dec. Reason, people are selling stocks so as to fund vacation and travel plans. (Exception is Oceanic though and a few others, oceanic is explicable - it is experiencing her post IPO peak period and cert. would soon be out.)

Don't be discouraged , this is the best time to buy more stocks particularly from the secondary market.

They are the only one listed in the maritime sector.

They ahve a good management and have benefited and would continue to benefit from local content policy in Oil and gas industry as a leading player in oil servicing industry.

They have some ongoing juicy contracts and they are fast expanding. A chunck of the fund being raised is proposed for expansion. Their projections as containd in the offer rpospectus are fair.

No broker would sell your shares without your mandate , why the consequences are grave and no broker would want to risk being sanctioned by SEC for such an offence.

If it is done and you report to SEC with evidence that you did not authorize the trade and the broker cannot present your sale mandate is defence the broker is likely tobe suspended and that would cost him much finaicially and in terms of corporate image too.

Oceanic has not started distributing certificates but the should start any moment from now. Insider source reports that they have paid the issuing houses the cost of printing and distributing the certs. already.

Dear eyimofe89 ,


I do hope you have been able to buy stocks from the secondary market now. It is as easy as filling a CSCS account opening form, submitting through your stockbroker (either online or offline), meeting other requirements as may be deem fit by your broker. Funding your account and buying after giving a buy mandate. Please do rememberto ask for your bought or sold contract notes after every transaction. Equally demand for your cscs statement of account and financial statement periodically. Different brokers have different medium for sending out these documents and varrying procedures too.

Madeonline
_______________________________


"I have recently found out that you can go to the CSCS directly "

Enolase

You talked about delay in account opening , this actually challenges me to assist co-nairalanders with hitchfree account opening. To the best of my ability,almost all those who showed interest got it done within 3 working days. I believe the systems has greatly improved and you do not need to tolerate delays from any broker more than necessary. The CSCS actually take 24hours to oipen the account the extra hours/delay is due to perfecting the account opening papaers!

Madeonline

_____________________________

"I use has led me to do some research, and I have recently found out that you can go to the CSCS directly and open a CSCS account (will require a payment though"

Dear Enolase ,

I read about your research in which you said one can open a CSCS account by directly approaching CSCS and paying a token.

Please do kindly avail me the details of your research findings via ogunyemi@gmail.com.

I am convince it is practically impossible to obtain CSCS account and house numbers without going through a broker except you are attempting to get a special account. (Special accounts differs from CSCS accounts for normal secondary market trading and I wouldnot be discussing that for now).

I do know CSCS charge 2500 naira for online CSCS account access registration and 2500 naira for trade alert. I am yet to confirm if an investor could approach CSCS directly to get this two forms above sorted out. Please share your findings with me. I look forward to hearing from you.

------------------------------


"same problem here! clearing house number,"

eyimofe89 (m), r.o.c,

You were trying to register for CSCS online access, you need a CHN number before you could complete that form. Do get in touch with your/a broker to help you
get a CHN number. I am sure you must have done that.


Yours,
Madeonline

________________________________

"same problem here! clearing house number, what is this anyway and madeonline this is a forum if u wana help tell us what it is, not your number or mail"


Dear R.O.C.,
I do hope you found my follow up posts useful. In as much as this is a forum we cannot completely exhaust all the discussions on CSCS details in a forum particularly where you may need to fill some forms and revert to your broker for processing. I do hope you found my postinhgs useful though. I tried to explain further later, if you are still not clear post your questions in here and I would explain further here too. Nothing to hide by giving my email, it was given for those who wanted to send in their forms for processing and so many nairalanders have done so.

Madeonline


________________________________
"Is that all requirement to open an account with your stockbroking firm?"

Dear Forfavour
Some clients do request for ID, proof of residency and all that. In my firm we do request for signed application form too and photocopy of ID but I just used the formere excel file for nairalanders so as to give them speedy processing. I no longer use the excel format to assist since some people abused the method. However, the soft copy of the form could be emailed to you/any other person interested in a CSCS/stockbroking account. All you need do is fill the form with black ink, sign it and email back to us for porcessing with a scanned international passport data page/and other id card.


Madeonline

____________________________________________________________________________________

dibosa187

Please Dibosa how can one open and idividual investor account with CSCS without going through a broker. Please give me an hint. I strongly feel this is impossible but am willing to learn, afterall this is Nigeria.

Individual investor account, is an account opening at CSCS through with an investor could buy and sell stocks on the floor of the NSE through his/her broker or registered stock dealer. The account has two numbers specific to a combination of names. The CSCS account number and CSCS House number. The former is for tying finanical transactions to clients account through ATs ( Automated Teller System) while the latter is for depository purposes. Links the investor personal details to CSCS, her broker, NSE trading platform, registrars, etc.


Madeonline

------------------------------
Dear kg (f)

Proudly Nigerian

I do agree with you that "nobody should charge you a dime for opening a CSCS account for you at anytime, it is free!". However, most stockbroking houses have what they term minimun account opening balance such as is obtainable when you want to open some forms of accounts in banks too. It ranges from 50,000 naira to 5 million naira depending on the stockbroking houses and you either pay in form of cash/cehque deposit for shares or monetary value of share certificates deposited for verification.

Madeonline
_______________________________


otokx,

I agree with you , Core Trust website is not as attractive as you may like it to be. Remember not to judge a book by it's cover though. I can however assure you that they give quality service delivery. A trial will convince you.

Cheers!

MAdeonline
-----------------------------

enolase (m)

"Clearing House Number only applies to broking firms. As an individual investor, you should leave it blank once you encounter it on your forms."

Please the above instruction is incorrect. If you do this on your CSCS online access form you may as well have just dashed CSCS free money because it would be very difficult to process your form. Broking firms fill similar forms and apply as corporate organizations with a different fee regime.


Madeonline
_______________________________
Dear kaypinchi,

Thanks for the thank you message , it is motivating.


MAdeonline

______________________________


Hi ckenneths,

That your account is promptly opened is not luck but your broker's hardwork and excellent service. That you are having free alert is shweer luck and it is not peculiar to you. That is free subscription to trade alert. The service is meant to cost a flat rate of 2500 naira per year but the service is randomly given free tosome people at no cost. How long this would last is what I cannot tell.

Madeonline
______________________________
"My question is: can I use my foreign US address as the shareholder's address on the form you attached in"

Dear Contila,

You could use your foreign address if you are not doing much of public offers or primary market purchases, seems registrars do not post certificates to freign destinations. I am not sure of my information though. Anyone working in a Registration firm/Issuing house could confirm or disprove my biews.

However the good news is that Trade Alert (CSCS sms service) is available even to foerign numbers and most of my clients abroad having been receiving transaction sms.


Madeonline
_____________________________

Dear GideonBL,
"why would you get if i don't have an account with you?"

I do not clearly understand your question.

MAdeonline
________________________________
"Looks like the cscs website is presently not working,
any news, anyone?"
adechuks,

Sometimes the site goes on and off particlularly when trading is on. Try it very early in the morning before 9 am and after 4pm. You would access it more easily and faster then.

Madeonline (m)
port harcourt, naija
____________________________________________________________________
omoayo07,lucky123

kindly fill the form and revert for processing if you are still interested.

Thanks.

Madeonline

ADVANTAGES OF CSCS NUMBERS
1. ESSENTIAL FOR SUBSCRIPTION TO TRADE ALERT
2. NECESSARY FOR ONLINE ACCESS TO YOUR STOCK POSITION
3. VITAL FOR INTER HOUSE STOCK TRANSFER
4. NECESSARY FOR THE PROCESSING OF E-DIVIDEND, E-BONUS AND E-IPO
5. ENTITLES INVESTORS TO QUARTERLY OFFICIAL CSCS STATEMENT WHICH IS A LEGAL TENDER
6. ALLOWS ONE TO GET REPRODUCIBLE COPIES OF CSCS STATEMENT OF ACCOUNTS AS AT ANY DAY FROM STOCKBROKER EITHER ONLINE OR IN HARD COPY.
7. ENTITLES ONE TO MONTHLY CSCS STATMENT OF ACCOUNTS FROM STOCKBROKER (ALSO A LEGAL TENDER)
8. CONNECTS INVESTORS ACCOUNT TO CSCS AUTOMATED TRADING SYSTEM (ATS) THROUGH STOCKBROKER
9. MANDATORY FOR BOTH DEMOBILIZATION AND DEMATERIALIZATION (CONVERTING CERTIFICATES TO MORE LIQUID CSCS STATEMENTS)
10. ENABLES INVESTOR TO MAKE FASTER INVESTMENT DECSIONS AT POINT OF SALE/PURCAHSE OF STOCK
11. SAVES TRANSACTION TIME FOR PROSPECTIVE INVESTORS
12. CSCS ACCOUNT OPENING IS FREE FOR NOW IN SOME HOUSES
13. ESSENTIAL FOR CROSS DEALING
14. CSCS ACCOUNT HOLDINGS ARE HIGHLY REPRODUCIBLE REMOVES MISPLACEMENT/LOSS RISKS ASSOCIATED WITH CERTIFCATES
15. CSCS ACCOUNT HOLDINGS/STOCKS THERE IN LISTED COULD BE USED AS COLLATERAL FOR SHORT TERM LOANS IN MOST BANKS, STOCKBROKING FIRMS AND FINANCE HOUSES.
16. CSCS ACCOUNT HOLDINGS/STOCKS THERE IN LISTED COULD BE AS EXPRSSION OF FINANCIAL NETWORTHIN EMBASSIES AND FOR FOREIGN UNIVERSITIES.




TRADE ALERT
What is Trade Alert?
The NSE/CSCS introduced an investor Protection scheme known as the Trade Alert which involves the installation of a software to rear-end of the mainframe of the computer system of the CSCS, such that whenever there is a transaction on the account of a subscriber at the CSCS, an SMS massage is triggered into the GSM handset of the investor, detailing sales or purchases made and specifying volume and price.
In the event that the investor did not authorize the transaction, he can summarily abort the process by placing a call to CSCS/NSE.

What is this about?
Through your GSM phone, you will receive an SMS on your mobile phone once shares are traded on your stock account(s). You will abort the transaction if you did not authorize it by phoning the CSCS call center.
This protects all subscribers of the product against unauthorized stock activities on their stock account in CSCS database. Subscribers are regularly updated of all capital market related activities.

Benefit OF Trade Alert
Stops unauthorized trades before they are concluded.
Knowledge of in and out bound transactions on your account.
Reduces chances of fraud on your account.
Effective control of transactions.
Improves confidence

What are the values added?
Management of your stock portfolios in CSCS database becomes automated and seamlessly controlled.
The burden of managing your account is taken off you.
All stock transaction activities on your are relayed to you unsolicited.
Invariably, no more fraudulent activities on all subscribers' stock account in CSCS database.
Closure of registrar date, bonus, right issues and dividends declamation are relayed to all subscribers.

E-BONUS
E-Bonus is an electronically captured bonus shares into CSCS system that contains the normal specific bonus allocation for a given investor in place of a share certificate.
In the new procedure of e-Bonus, Bonuses are electronically captured into CSCS System thereby removing the unnecessary processing bottlenecks that are currently expressed in share certificate deposit processes. With the new method, Registrars advise CSCS Ltd in an electronic form. The data uploaded automatically into CSCS System and based on clients instruction, the Bonus shares are detached to the stockbroking firm of the investor’s choice.


Benefits
With e-Bonus, client’s stock accounts are automatically and electronically credited with their bonus shares in CSCS system.
Shareholders can easily update and know their shareholding at a glance.
Based on client’s request Bonus shares are electronically detached and placed under the stockbroking firm of the client’s choice.
Shareholders can easily have access to their bonus shares immediately after bonus approval for disposal or update.
Transactions on Bonuses are made more dynamic.
Unnecessary time, waiting for certificates to be posted to shareholders is removed.
The risks of loss of bonus shares certificates in transit are eliminated.
Incidence of stolen certificate is eliminated.
The clumsiness of gathering bonus share certificates over the years for stock account reconciliation becomes a thing of the past.


It internationalizes Bonus issue thereby placing Nigerian capital market same pedestal with international communities.
Paper work is reduced.
Cost of printing bonus certificates is eliminated.

ONLINE ACCESS TO STOCK POSITION
See https://www.nairaland.com/nigeria?topic=58129.msg1179284#msg1179284

INTER HOUSE STOCK TRANSFER
This happens when you want to move your stockholding from one stockbroking firm to the other either due to need for better service quality or other needs.

DO YOU NEED A CSCS NUMBER?

If you require a stock dealing account with CSCS number (hassle free), fill the attached form in black ink, scan and revert to ogunyemi@gmail.com with scanned copy of ID card/data page of international passport.

For further enquiry you could call 08056259633

© 2007 Ogunyemi@gmail.com

Nigeria
------------------------------------------------------------------------------------------------------------
Fish can turn to meat with patience and processing depending on the stock!
------------------------------------------------------------------------------------------------------------

STOCKFISH

The patient woman’s fish
Buy … hold… then sell as meat.

Don’t mind those scary jargons:
Verification, suspension cum IPO
Dematerialization, mandate or PO
They all mean “food processing”
Better still “stockbroker’s headache”.

Buy low … sell high …
That’s alone would break you even.
Always remember
Every kobo counts every casual second
In stockfish business!

I went ahead to survey cost of P2 - p3 compuetrs overnight. It is now as low as 5k for those rickety ones.

I strongly believe you could start some sort of compuetr biz with your 4k.

Either you or your recipient friend must get in touch with a broker. Get CSCS account opened for the two parties. Lodge the Certificate in your account and use a letter of authority (from you to the broker) to get the stock transfered to your friend's account.

Alternatively, get in touch with companies that have fund trustee section and they manage the process on your behalf. I can however assure you that the process is not as cumbersome as you think. You could get in touch with me if you need some expertise assistance.

Regards.

08056259633

Start a computer business!

Depending on your university/tertiary institution.

If there is constant power and systems are allowed in hostels.

Then meet your classmates and particularly thsoe who have strong believe in you and could give you jobs without asking how you are going to get it done.

Look for an existing computer service center and attempt to rent a system (perhaps your former boss's neighbours). Since you are an operator you must be fast at typing. Get the work done and print for far less depending on your bargaining power.

Deliver such work and expand your client base.

Continue with this trend until you could make your 4k up to 10k then go to compuer village in lagos and get a rickety comp assembled. Even if it is pentium two. It would serve your purpose.

I have written the above out of exeperience. I never owned a printer while in school but I lived on typing jobs. I had a rcikety pentium one and the will to survive with God being on my side too!

Best of luck!

deleted

Who Should Pay For Dinner Dates?

Who Should Pay For Dinner Dates? The Man Or The Woman?

There is this debate that we all like to avoid, but it stares us in the eye at almost every outing – especially if one is (un)lucky enough to be dating a richer partner. The question “Who should pay for dinner dates?’ is a familiar evil that has broken several relationships and threatens many marriages. How do we view it as individuals, couples or groups?

In my opinion, the man should pay for dinner dates, not as a rule but as a sign of living up to ones responsibility in the context of cultural and sociological perspectives of human living in this part of the world. The African man has a measure of pride attached to making his lady comfortable, toiling for her, making her happy, protecting her and doing all sorts that increases her level of comfort from building of traditional huts for her in time past to opening the car door for the lady in modern times.

Moreover, it is almost generally accepted worldwide (except in the West where honour has been thrown to the dust bins!) that wooing the opposite sex is the man's responsibilities and dinner dates are preludes to an established relationship and necessary impetus to sustain the excitement in any existing relationship. The man should seize the opportunity of a dinner date to appreciate his partner or girl friend, he should endeavour within the limits of his purse, to thrill his partner at every dinner date. He should allow the lady to pick her choice on the eatery menu. If they have already established good rapport he could let her know the limits of his purse such that the cost of such dinner dates does not unnecessarily affect other bills.

However, the act of buying so much for a lady at any dinner date at the expense of ones budget for other issues and items like family upkeep, school fees, telephone bills and others is not ideal. It is a measure of financial immaturity and a display of misplaced priority. Moreover, some men are fond of buying stuffs they haven’t tasted in a life time and cannot afford to take at dinner dates just to impress a newly found love (she eats while the mope at her, trying to curtail their displeasure at not being able to afford the delight in duplicates); this is mere deceit.

It is also not always compulsory that a dinner that should cost a fortune especially in the light of weak national economy. With mutual understanding among couples, a dinner date could often times be as cheap as convenient for the financial standard of both the man and the lady, without necessarily diminishing the quality of the fun achievable. This essential state of understanding, which is very compulsory for partners who have envisaged, marrying one another, could put to rest the argument as to whether it is a man or a woman that is to pay for any dinner date.

Another important factor, especially for already married couples, is the allocation of social responsibilities based on mutual understanding or marriage contract. Often, it is the responsibility of the man to stock the house with foodstuffs while the lady does the cooking; however in rare case the lady might have accepted to cater for the kitchen independently while the man’s pay packet is used for capital projects like building houses. In such homes, it is common to see the lady paying for dinner dates – often she suggests it especially if she is not prepared to do kitchen chores at that moment.

Finally, there is no crime in a lady paying for dinner dates. It is however criminal for a man to expect a lady to pay for dinner dates. Although, from experience, one must have observed that most disciplined ladies do not allow a man to pay their bills on the first date. Rarely, a lady may also decide to threat his man to a dinner date, men do not need to feel too pompous to accept this offer, just reciprocate it in hundred folds shortly afterwards!

HAPPINESS AND JOY

There are feelings
That aren’t like seedlings
In a peaceful mind
But, trunk as tall as pine,
Happiness and joy they are.

A search for happiness
Like a toy for joy,
The more wearied you are
The more the search,
‘Cause they are a must to have.

A happy woman abides
In a joyful man’s home
And there there is love
In as many rooms
To keep off all doom.

Happiness and joy,
Not only synonyms
But escorts and friends too.
You ask for one, you receive the two.
‘Cause the same work they do.

you can use your foreign address.

Effect Of Naira Redomination On Stock Market Investments?
There would be no negative effect.

There would be no confusion.

The nation would be better for it.

Explanation:
What is being done is redenomination meaning just move the previous value by two decimal places to the left. Meaning if one used to earns 80000.00 naira up till 31 2008, his salary by next month Sept 2008 would be 800 naira.

Old notes wouldbe phased out with the redenominations and 20 new naira note (with strength as present day 2000 naira would emerge) will to-be 5kwould have the same purchasing power as today's five naira.

With massive media campaign, a norm when new naira note is to be the transition would be smooth without any confusion.

By extesnsion, a televsion that used to cost 10000 naira (then it would be old naira) would be equivalent to 100 using new naira notes (ie a bundle of to be/new powerful 20 naira =50pieces). Both old and new notes would be spent concurrently for a given period just as was the case during the last change in naira design.

Finally, the policy would take effect on the cpital market too on 1st sept 2008 and the market value of stocks too as at that day would be devalue by two decimal places to the left across all securities.
That means ABC Bank withmarket price of 50naira as at august 31, would have a mrket price of 50k as at 1 Sept 2001. The listing price of NSE would have been made 1 naira before then (hopefully) all the indices wouldbe rounded off accordingly. That means the new listing price for a new stock to be issue would be 1k.

I do hope I have explained it simply enough. You could post questions on greay areas I would come back to the thread to drop a few more lines!

Lest I forget the nation would be better for it, first the naira would be strongest currency in Africa. Easy conversion rate meaning we would be able to estiomate that a Nigeria earning 50000 per month under old regime would be earning 500 naira/dollars per month under the new regime assuming 1 naira is equivalent to 1 dollar. i guess before then the naira and trhe dollar would be at par , if the current global economic and socio-political situation trend persist!

Cheers!

Congrats , this is really encouraging!

It is okay and I am confident some folks would still gain their dream job via the fair or ideas learnt at the fair. However the planning was excellent until you reach the gate to the fair, it is my hope that future editions would be better of.

Olafemi what would you do if your boss is not magnaanimous enough to approve your leave or off? Kindly advice and instead he goes ahead to fix "Saturday and Sunday" extra work to coincide with the fair!

kINDLY IGNORE THE COLUMN FOR ACCOUNT BALANCE IT IS FOR INTERNAL CONSUMPTION

Congrats and keep the flag flying!

"See you at the fair , no matter the obstacles!"

pls do kindly send me some materials on PM

Please those already called for BAT Test, when is it and where is the venue. Peopleprime told me to expect a call from BAT and am yet to get the call. Please do hint me. Thanks