Which is my CSCS number?

obinnaD · #1 (**permalink**) 14th August 2007, 01:38 PM

Hello folks,

Please, let the well informed help me get this straight.

I have a CSCS account, and attached to it are two numbers:
Clearing House Number (CHN) number (alphanumeric)
CSCS account number (numeric)

In recent times, the public offers have made provisions for a CSCS number in the application forms. I was looking to fill out the Access Bank online PO form and just realized that I don't know which of the two numbers is the CSCS number. I have spoken to 2 different persons and both gave different answers...one said it is the CHN and the other thinks it is the CSCSaccount number.

Please, in filling out IPO/PO forms, what is the number required to be filled into the space for CSCS number?

Many thanks.

gbyg · #2 (**permalink**) 14th August 2007, 04:14 PM

Hello, pls get it clear. your CSCS Number is the numeric number while d CHN is the alphanumeric.

wanaj0 · #3 (**permalink**) 14th August 2007, 04:37 PM

Quote:

Originally Posted by gbyg

Hello, pls get it clear. your CSCS Number is the numeric number while d CHN is the alphanumeric.

You are right. The numeric number is your account number.

The Alphanumeric number is the number that ties you to a broker!

That allows your to change your broker while retaining your account number. Only the alphanumeric number will change.

obinnaD · #4 (**permalink**) 14th August 2007, 04:53 PM

So, Is the CSCS account number (numeric) same as the CSCS number required for these public offers application forms?

I'm just trying to get this strait now.

Thanks guyz.

Yusuf · #5 (**permalink**) 17th August 2007, 05:24 AM

Quote:

Originally Posted by obinnaD

Hello folks,

Please, let the well informed help me get this straight.

I have a CSCS account, and attached to it are two numbers:
Clearing House Number (CHN) number (alphanumeric)
CSCS account number (numeric)

In recent times, the public offers have made provisions for a CSCS number in the application forms. I was looking to fill out the Access Bank online PO form and just realized that I don't know which of the two numbers is the CSCS number. I have spoken to 2 different persons and both gave different answers...one said it is the CHN and the other thinks it is the CSCSaccount number.

Please, in filling out IPO/PO forms, what is the number required to be filled into the space for CSCS number?

Many thanks.

My brother everybody that has answered you are wrong. Your CSCS number is that number that looks like this: C1234567YU. This is the number required to be filled into the space of CSCS in your PO form. The meaning of the number goes thus: C stand for central security clearing system, then 1234567 stand for your numerical number while YU stand for your Initial derived from your name.

The other numeric number is your CHN or Clearing House Number.

I hope you are cleared?

pumping · #6 (**permalink**) 22nd August 2007, 08:06 PM

I don't quite agree with the last response that the CSCS number is alphanumeric.

The number with alphabets is the CHN (Clearing House Number ) which ties you to your broker. This number is also known to CSCS and is linked with your CSCS account. I believe this is how you are able to navigate from broker's websites to CSCS to view your positions.

The CSCS number contains only numbers and is your account number at CSCS. You should see this in your CSCS report.

Sorry that this does not answer the question about what should be filled on the PO. In this case it could be correct that the CHN is what is required.

If in doubt, I suggest you confirm this with your broker.

Pumping.

Betiku Franklin Olugbenga · #7 (**permalink**) 25th September 2007, 02:40 PM

I was once in the same dilemma, but what i did was to call the CSCS office of the stock exchange.Maybe you should do the same.

phoma1 · #8 (**permalink**) 25th September 2007, 08:17 PM

In order to answer the question asked, I have just logged on to my CSCS online account to see what number CSCS itself quotes as my CSCS No.

CSCS quotes my CSCS no. in the format C123456AA , hence, the alphanumeric is the CSCS no. This is a unique number.

Also, CSCS recognises that I have accounts with three different brokers. CSCS also allocates three separate account numbers ( one account no. per broker) but my CSCS no. remains only one ( C123456AA). The no. I use for the offers is the alphanumeric number.

In order to open an online account with CSCS , they also ask for this alpha numeric number only. With this number, they can see all the shares I have bought through all my brokers.

I suspect that with the numeric number that it is still possible for CSCS to get your real CSCS number.

obinnaD · #9 (**permalink**) 25th September 2007, 10:43 PM

Quote:

Originally Posted by phoma1

In order to answer the question asked, I have just logged on to my CSCS online account to see what number CSCS itself quotes as my CSCS No.

CSCS quotes my CSCS no. in the format C123456AA , hence, the alphanumeric is the CSCS no. This is a unique number.

Also, CSCS recognises that I have accounts with three different brokers. CSCS also allocates three separate account numbers ( one account no. per broker) but my CSCS no. remains only one ( C123456AA). The no. I use for the offers is the alphanumeric number.

In order to open an online account with CSCS , they also ask for this alpha numeric number only. With this number, they can see all the shares I have bought through all my brokers.

I suspect that with the numeric number that it is still possible for CSCS to get your real CSCS number.

With this unique alphanumeric number, which broker will trade your shares after they have been credited to your CSCS account at the end of say a PO?

I was thinking the all numeric is what is required here...but I might be very very wrong though

hispy99 · #10 (**permalink**) 25th September 2007, 10:52 PM

[QUOTE=phoma1;6129]In order to answer the question asked, I have just logged on to my CSCS online account to see what number CSCS itself quotes as my CSCS No.

CSCS quotes my CSCS no. in the format C123456AA , hence, the alphanumeric is the CSCS no. This is a unique number.

Also, CSCS recognises that I have accounts with three different brokers. CSCS also allocates three separate account numbers ( one account no. per broker) but my CSCS no. remains only one ( C123456AA). The no. I use for the offers is the alphanumeric number.

@ Phoma1

If I open different accounts with different brokers how will CSCS know that the multiple accounts belong to me? I am just curious as how they will assign one and only one CSCC no (C123456AA) to me? It is impossible for them to assign one number to me, except I use a unique identification number (like a social security number) to open my multiple accounts with different brokers. To the best of my knowledge, there's no such unique number in Nigeria.

Just for the record, I have accounts with 2 different brokers and I have 2 different alpha numeric numbers.

Other members with multiple accounts please comment.

By the way, I use the digit-only number for my aplication forms because that is what I was told to use by my broker.

Yusuf · #11 (**permalink**) 26th September 2007, 12:01 AM

Quote:

Originally Posted by phoma1

In order to answer the question asked, I have just logged on to my CSCS online account to see what number CSCS itself quotes as my CSCS No.

CSCS quotes my CSCS no. in the format C123456AA , hence, the alphanumeric is the CSCS no. This is a unique number.

Also, CSCS recognises that I have accounts with three different brokers. CSCS also allocates three separate account numbers ( one account no. per broker) but my CSCS no. remains only one ( C123456AA). The no. I use for the offers is the alphanumeric number.

In order to open an online account with CSCS , they also ask for this alpha numeric number only. With this number, they can see all the shares I have bought through all my brokers.

I suspect that with the numeric number that it is still possible for CSCS to get your real CSCS number.

phoma1, you got it right. The Alphanumeric number is your CSCS number while the other numbers are your account numbers with various brokers you have account with.

Pumping, Please take note.

pumping · #12 (**permalink**) 26th September 2007, 03:13 AM

I think someone should call CSCS to confirm this. Just to be sure. My brokers' account shows the CSCS numbers as numeric only. Also my CSCS account shows my "account number" as numeric only. The other number is designated CHN number.
The clearing house number is meant to be unique. This is correct. However, this does not mean the "unique" number is the CSCS number. See this question from the CSCS FAQs relating to the CSCS trade alerts...
----------
I have several CSCS account numbers and several Clearing House numbers, how many times do I subscribe?

Though it is recognized that some clients have two or more Clearing House numbers for reasons best known to them, It is advisable to consolidate accounts into one Clearing House Number because the number of Clearing House Numbers you have would mean the number of times you need to subscribe.
-----------
So it is possible to consolidate the accounts from multiple brokers into one CHN number because it is the CHN number that is meant to be unique.
The clearing house number CHN is the unique number and it is alphanumeric. The assumption that the unique number is the the CSCS number is wrong. The unique number is the CHN number.

Understand the confusion. The CHN is the unique number from CSCS (As a corporate entity) but it is not called the "CSCS" number. It is called the "CHN" number and it is alphanumeric. This is the number you need on your IPO/PO form.

The number linked to your broker which is numbers only is called your "CSCS" number and you can have a different one for each broker. Confusing..but true.
Gurus. Correct me if you think otherwise..

wanaj0 · #13 (**permalink**) 26th September 2007, 09:31 AM

I am not sure if it makes any difference which one you use.

I thought that the alpha numeric number is your CSCS number. However, that does not tie you to any stock broker.

The numeric number is particular to you and to a broker.

yodiyokun · #14 (**permalink**) 26th September 2007, 01:50 PM

But the cscs no just given to me by my broker is all numeric?

wanaj0 · #15 (**permalink**) 26th September 2007, 02:43 PM

Quote:

Originally Posted by yodiyokun

But the cscs no just given to me by my broker is all numeric?

If you use the ALPHANUMERIC number, you are not tied to any stockbroker. However with the numeric number, you are already tied to a particular broker. That's why stockbrokers would always advice you to use the numeric one. With that, you are stuck with that broker as far as that stock is concerned.

CSCS is the one causing the problem. The alpha numeric account is the one that ties you to CSCS. Ideally, everyone should have only one irrespective of the number of brokers that you use. It is the alphanumeric one that CSCS refers to as your CSCS number. That also is the one that the registrar uses.

You have the investors account Number (This is the numeric one). That is the CSCS number that ties you to a broker. Hope this helps.

Note that with your investors account number, your CSCS number is already fixed/known.

yodiyokun · #16 (**permalink**) 26th September 2007, 02:52 PM

But are the two numbers issued by CSCS or is the numeric one issued by the broker?.

I will ask my broker for my real cscs number, and they better not tell me stories.

Squid · #17 (**permalink**) 20th October 2007, 08:35 PM

My problem is, when given a CSCS number by a stock broker, how can you verify that it is tied to your name and not another persons (e.g. stockbrokers) CSCS number, without having to pay for any special CSCSLtd services? This is a big surprise for me, because until I can confirm this, I am reluctant to use my CSCS number on any IPO!