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Should CDSC claim more commission from your transactions
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Mpenzi
#11 Posted : Tuesday, September 14, 2010 1:52:38 PM
Rank: Veteran

Joined: 10/17/2008
Posts: 1,234
Clearly many of us dont appreciate the importance of the central depository system and how much it has transformed trading at the NSE. Am sure a modest increase of the commission to say to 0.08% will not hit us hard if that what the the CDSC needs to survive.
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sparkly
#12 Posted : Tuesday, September 14, 2010 2:10:57 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
CDSC should think of creative ways of earning revenue and cutting costs, instead of increasing commissions. I am afraid increased commissions might be applied to fund inefficiencies and rather than improving service delivery.

For instance they should educate and encourage investors to take loans with shares as security and also facilitate chap chap creation of lien on shares.

I belief they earn fees when one processes a lien on shares.
Life is short. Live passionately.
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KIRTI
#13 Posted : Tuesday, September 14, 2010 3:02:57 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
NSE everyday trading for equity is app. 300m. Now they are getting for buying & selling @ 0.06% comission. So they are getting 180,000 from Buyers & 180,000 from sellers.They are earning 360,000 per day. For 22 working Days They are getting 7,920,000 & per annum they are earning 95m. They are sending monthly statement via post to very few CDSC account holders. Most of them are getting by email.
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X13united
#14 Posted : Tuesday, September 14, 2010 4:11:19 PM
Rank: Member

Joined: 8/26/2010
Posts: 124
Shame on you ,definately not from my money. they should find another way to increase their income.
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Dia
#15 Posted : Tuesday, September 14, 2010 5:31:24 PM
Rank: Member

Joined: 3/30/2010
Posts: 176
[quote=Surealligator]

CDSC has great potential in raising cash such as transaction update to customers, penalties to brokers who bleach rules and regulations,...

Laughing out loudly Laughing out loudly
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guru267
#16 Posted : Tuesday, September 14, 2010 7:52:23 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
I personally don't mind an increase to say 0.08% because the NSE is one of the only markets i trade in where i don't pay capital gains tax.... Laughing out loudly
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#17 Posted : Tuesday, September 14, 2010 8:40:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
guru267 wrote:
I personally don't mind an increase to say 0.08% because the NSE is one of the only markets i trade in where i don't pay capital gains tax.... Laughing out loudly
I thot Uganda did not have capital gains tax either
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kyt
#18 Posted : Tuesday, September 14, 2010 10:27:12 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
what is the comission in ug?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Surealligator
#19 Posted : Wednesday, September 15, 2010 9:42:18 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
kyt wrote:
what is the comission in ug?


@Young

What is the commission per transaction in Nigeria, Ghana, Namibia.

@Ric dees

What's the commission they charge out there at the NSE of London, dow jones, NYSE and SZSE (Shenzhen stock market)http://www.chinastockmarket.org/

@Dia

Please get into the Fantasy Market, click here http://www.wazua.co.ke/investor/faNtaSEy.aspx
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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ProverB
#20 Posted : Wednesday, September 15, 2010 10:05:34 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Surealligator wrote:
The CDSC has claimed it is running on a negative budget cauze the 0.06% commission it gets is too little especially when the bourse is down.


They should automate more..cut off manual costs.. think efficiency and effectiveness..better of..someone should buy head honcho there "Good to Great" by Jim Collins as a gift for Christmas.. Idiot.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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  | | Edit by user: Wednesday, September 15, 2010 10:08 AM | Reason: Not specified
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