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CSCS Discuss the Central Securities Clearing System

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Old 7th July 2008, 12:38 AM
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Default error in my cscs name

i received trade alert in opening cscs account that shows error in the speling of my name,instard of bokoh they wrote bokph.
pls what do i do?

Last edited by bokoh : 7th July 2008 at 12:40 AM.
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Old 7th July 2008, 10:51 AM
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Default Hi All

Hi all

I opened cscs with my broker. During the time I was expecting my trade alert, my phone with sim card got missing. After two weeks, I got a new phone and did welcome back to recover my missing number. After that, I asked my broker about the cscs, he said it had been completed. He asked me if I did not recieve my trade alert, I said no to him that my phone got missing with my sim card during the expectation period. He said ok, that is enough to be the reason I did not recieve it. I visited him and he offered me my cscs ac number, but failed to tell me how I will confirm it. neanwhile, I gave him my Oceanic cert to put it into my cscs once he verified it.


It was after every thing had been concluded that it came into my understanding that this man may be lacking computer know how. He only succeed in mouth-washing traders who also does not know much about stocks. I have ask him a lot of question about stock, he failed to give me a reliable answer. Infact with what I have seen so far, I can easily conclude that I know more than he do.

Because of this very augly trend, I made a change to a new broker who told me it does not matter if I change broker. Since then I went ahead trading with this very new one.

The job of broker to me is only to verify my certs and sell. I do the buy myself. Till I am reach enough to trade from the floor, then shall they come in.

About three weeks ago, I gave this very new one my access cert and the cscs number opened by the former broker to verify and put it into my cscs.

Then last week wednesday, I received trade alert telling me that my cscs had been registered on NSE/CSCS trade alert. Hence I will be alerted on all my buy/sell transacts.

But did u know what? The CSCS ac I recieved in this very alert happened to be a different one intirly.

I have ask the present one if he opened a new account for me, he said no. Although I did not pay him to open me a new one.

So, my fellow investors, this is how it went. If I go ahead to tell what I pass through with the first broker, it will look as if I am giving you a job to keep on reading without payment. So please, What should I do about these cscs ac?

thanks.
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Old 7th July 2008, 11:35 AM
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Default

Quote:
Originally Posted by despi_dynasty View Post
Hi all

I opened cscs with my broker. During the time I was expecting my trade alert, my phone with sim card got missing. After two weeks, I got a new phone and did welcome back to recover my missing number. After that, I asked my broker about the cscs, he said it had been completed. He asked me if I did not recieve my trade alert, I said no to him that my phone got missing with my sim card during the expectation period. He said ok, that is enough to be the reason I did not recieve it. I visited him and he offered me my cscs ac number, but failed to tell me how I will confirm it. neanwhile, I gave him my Oceanic cert to put it into my cscs once he verified it.


It was after every thing had been concluded that it came into my understanding that this man may be lacking computer know how. He only succeed in mouth-washing traders who also does not know much about stocks. I have ask him a lot of question about stock, he failed to give me a reliable answer. Infact with what I have seen so far, I can easily conclude that I know more than he do.

Because of this very augly trend, I made a change to a new broker who told me it does not matter if I change broker. Since then I went ahead trading with this very new one.

The job of broker to me is only to verify my certs and sell. I do the buy myself. Till I am reach enough to trade from the floor, then shall they come in.

About three weeks ago, I gave this very new one my access cert and the cscs number opened by the former broker to verify and put it into my cscs.

Then last week wednesday, I received trade alert telling me that my cscs had been registered on NSE/CSCS trade alert. Hence I will be alerted on all my buy/sell transacts.

But did u know what? The CSCS ac I recieved in this very alert happened to be a different one intirly.

I have ask the present one if he opened a new account for me, he said no. Although I did not pay him to open me a new one.

So, my fellow investors, this is how it went. If I go ahead to tell what I pass through with the first broker, it will look as if I am giving you a job to keep on reading without payment. So please, What should I do about these cscs ac?

thanks.

Your story is kinda not too clear, but let me just chip in what i think i understand from everything

First, u can have 1 clearing house no and numerous account no depending on the no of brokers u have. The deal is this, as an individual its advisable according to CSCS to have 1 clearing house no, with dat clearing house no u can view all ur account nos with as many brokers as u have, make changes dat cascades to all ur accounts with different brokers e.g change of address

Secondly, i dont think ur second broker can/ or would verify ur cert. on ur first broker's acc no., meaning if u verified thru him u might have the same clearing house no but a new account no showing ur holdings with ur new broker.

Thirdly, u dont need to open a CSCS account by paying a broker, its automatic as long as u have lodge any unit of ur shares with CSCS, u dont need to pay any fees or charges to open a CSCS account, i suggest u visit the CSCS website for more info about opening an account, clearing house no and account nos.
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Old 30th December 2008, 06:12 PM
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Default Re: error in my cscs name

Hi all,
My problems are somehow different from that of the first poster but please I need help.
I subscribed for some IPOs in 2007 and encountered series of problems on each differently. But the most concern for now AIICO
AIICO thru Greenwich - Not purchased. I confirmed this 7months after subscription when I made effort to retrive my certificate.
After series of driblling and manovaring game from some staff of Greenwich, I met with a lady who promised that an account will be open to purchase this stock from the trading floor. After few weeks, she provided me with a CSCS number but yet to purchase the stock as promised.
My problem: Because of the expirence and impression from the first few contact staffs of the company, I seems not to trust this lady because I do not receive an SMS in respect of the account and the order of arrangement of my name is not with the format I provided to her: the name is AJIBOYE ADEKUNLE SAHEED but provided an account with SAHEED AJIBOYE ADEKUNLE.
The Question: How do I prove the autheticity of this CSCS account number and ownership? What do I do to acertain that the said stock is purchased?
Do you think it will make sense doing business with this company.
Pls, I need serious advice.
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Old 30th December 2008, 06:27 PM
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Default Re: error in my cscs name

Hi all,
My problems are somehow different from that of the first poster but please I need help.
I subscribed for some IPOs in 2007 and encountered series of problems on each differently. But the most concern for now AIICO
AIICO thru Greenwich - Not purchased. I confirmed this 7months after subscription when I made effort to retrive my certificate.
After series of driblling and manovaring game from some staff of Greenwich, I met with a lady who promised that an account will be open to purchase this stock from the trading floor. After few weeks, she provided me with a CSCS number but yet to purchase the stock as promised.
My problem: Because of the expirence and impression from the first few contact staffs of the company, I seems not to trust this lady because I do not receive an SMS in respect of the account and the order of arrangement of my name is not with the format I provided to her: the name is AJIBOYE ADEKUNLE SAHEED but provided an account with SAHEED AJIBOYE ADEKUNLE.
The Question: How do I prove the autheticity of this CSCS account number and ownership? What do I do to acertain that the said stock is purchased?
Do you think it will make sense doing business with this company.
Pls, I need serious advice.
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Old 30th December 2008, 07:38 PM
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Default Re: error in my cscs name

Quote:
Originally Posted by saheed View Post
Hi all,
My problems are somehow different from that of the first poster but please I need help.
I subscribed for some IPOs in 2007 and encountered series of problems on each differently. But the most concern for now AIICO
AIICO thru Greenwich - Not purchased. I confirmed this 7months after subscription when I made effort to retrive my certificate.
After series of driblling and manovaring game from some staff of Greenwich, I met with a lady who promised that an account will be open to purchase this stock from the trading floor. After few weeks, she provided me with a CSCS number but yet to purchase the stock as promised.
My problem: Because of the expirence and impression from the first few contact staffs of the company, I seems not to trust this lady because I do not receive an SMS in respect of the account and the order of arrangement of my name is not with the format I provided to her: the name is AJIBOYE ADEKUNLE SAHEED but provided an account with SAHEED AJIBOYE ADEKUNLE.
The Question: How do I prove the autheticity of this CSCS account number and ownership? What do I do to acertain that the said stock is purchased?
Do you think it will make sense doing business with this company.
Pls, I need serious advice.
In an era where the financial industry is in a crises, I believe that securities firms that know their onions will take this opportunity to treat their customers right. Just because they have been made a market maker does not mean that they should not provide the best services for a customer that comes even with just N10,000.

What you are experiencing with Greenwich Trust is totally unacceptable. Your story needs to be expatiated though. Did you have a CSCS account before you placed the order for Aiico during the public offer? And if you had, was it with Greenwich? Have you made any other purchases into the account?

As for the error in name, though inappropriate, it is not monumental, as long as the CSCS account is yours. To confirm, tell them that you want internet access to your CSCS account and let them print out your account statement for you. It is rather questionable for them to have to provide an account number for you after a few weeks for a process that takes less than 96 hours.

If they are still playing games with you, threaten them that you may get in touch with the Investment and Securities Tribunal (IST). That will definitely sit them up.
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The Knight of Delta

"I'd rather be vaguely right than be precisely wong" - John Maynard Keynes
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