CSD launches improved securities settlement system in March

THE Central Securities Depository (Gh) Limited (CSD) has successfully merged the two platforms that were used to settle transactions done in debt and equity onto a common platform. 

The merger makes it possible for the depository to interface with the two systems – the Automated Trading System (ATS) of the Ghana Stock Exchange (GSE) and the Ghana Interbank Settlement System (GIS) of the Bank of Ghana (BoG).

A recent press statement from the CSD said 'go-live' on the new platform has been postponed to Tuesday, March 8 from the earlier date of January 4, 2016.

The postponement of the launch date followed concerns from some stakeholders on the need for a longer notice to help ensure proper integration, the statement said.

Earlier, the CSD had explained that “the Go-Live involves the migration of all depository accounts for both debt and equity onto the new platform and the interface of the new system with the ATS of the GSE and the GIS of the BoG," the s