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Why only one CDSC account?
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time? What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Sehemu ndio nyumba
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Mainat I expect better of you.. Why not have two IDs? Its painfully obvious one person only needs one CDS.. Unless there will be two or more central depositories. Plus the element of having to sell before openin a CDS with another broker is false.. Maybe u were conned so that they obtain commission. I hold three CDS accounts in different brokerage firms, though only one is active.. I also have a CDS in Uganda, Rwanda, Tanzania, Ghana & Nigeria
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Boss, is this true Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Engage grey matter afore... As you rightly point out, you can NOT run all three accounts at one time. The example relating to bank accounts is deliberate...Only one central bank and settlement system. obiero wrote:Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Mainat I expect better of you.. Why not have two IDs? Its painfully obvious one person only needs one CDS.. Unless there will be two or more central depositories. Plus the element of having to sell before openin a CDS with another broker is false.. Maybe u were conned so that they obtain commission. I hold three CDS accounts in different brokerage firms, though only one is active.. I also have a CDS in Uganda, Rwanda, Tanzania, Ghana & Nigeria Sehemu ndio nyumba
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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Mainat wrote:Engage grey matter afore... As you rightly point out, you can run all three accounts at one time. The example relating to bank accounts is deliberate...Only one central bank and settlement system. obiero wrote:Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Mainat I expect better of you.. Why not have two IDs? Its painfully obvious one person only needs one CDS.. Unless there will be two or more central depositories. Plus the element of having to sell before openin a CDS with another broker is false.. Maybe u were conned so that they obtain commission. I hold three CDS accounts in different brokerage firms, though only one is active.. I also have a CDS in Uganda, Rwanda, Tanzania, Ghana & Nigeria Though the database has a primary key of national ID, implying double application in IPO/PPO shall be noted
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 7/18/2012 Posts: 76
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Am I a victim. I applied for Nse Ipo using my cds a/c and a friend whom we hold a joint a/c applied for minimum using the joint cds. Are we likely to be disqualified?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Why do you need more than 1 CDSC account, other than small time Ukoras. Life is short. Live passionately.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Why do you need more than 1 CDSC account, other than small time Ukoras.[/quote] I'd like the option of an account for longterm investments that requires a reputable broker who doesn't give care about responding promptly but sends a monthly statement and an account for IPOs and short-term speculative investments Sehemu ndio nyumba
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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patrazi wrote:Am I a victim. I applied for Nse Ipo using my cds a/c and a friend whom we hold a joint a/c applied for minimum using the joint cds. Are we likely to be disqualified? No.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mainat wrote:Engage grey matter afore... As you rightly point out, you can NOT run all three accounts at one time. The example relating to bank accounts is deliberate...Only one central bank and settlement system. obiero wrote:Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Mainat I expect better of you.. Why not have two IDs? Its painfully obvious one person only needs one CDS.. Unless there will be two or more central depositories. Plus the element of having to sell before openin a CDS with another broker is false.. Maybe u were conned so that they obtain commission. I hold three CDS accounts in different brokerage firms, though only one is active.. I also have a CDS in Uganda, Rwanda, Tanzania, Ghana & Nigeria @Mainat, all the three can be active at the same time, from experience.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mainat wrote:sparkly wrote:Why do you need more than 1 CDSC account, other than small time Ukoras. I'd like the option of an account for longterm investments that requires a reputable broker who doesn't give care about responding promptly but sends a monthly statement and an account for IPOs and short-term speculative investments If you want all 2 accounts with the same broker, open one with ID and the other with Passport
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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If you want all 2 accounts with the same broker, open one with ID and the other with Passport[/quote] Okay-I doubt if one broker will allow. There is also a conceptual/practical question. Why should I not be able to run with more than 1 CDSC account transparently? What is wrong with me putting through two orders with different brokers? Sehemu ndio nyumba
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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mwekez@ji wrote:Mainat wrote:Engage grey matter afore... As you rightly point out, you can NOT run all three accounts at one time. The example relating to bank accounts is deliberate...Only one central bank and settlement system. obiero wrote:Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Mainat I expect better of you.. Why not have two IDs? Its painfully obvious one person only needs one CDS.. Unless there will be two or more central depositories. Plus the element of having to sell before openin a CDS with another broker is false.. Maybe u were conned so that they obtain commission. I hold three CDS accounts in different brokerage firms, though only one is active.. I also have a CDS in Uganda, Rwanda, Tanzania, Ghana & Nigeria @Mainat, all the three can be active at the same time, from experience. I meant, I do not actively trade on the other two. But I could if I want
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mainat wrote:mwekez@ji wrote:If you want all 2 accounts with the same broker, open one with ID and the other with Passport Okay-I doubt if one broker will allow. There is also a conceptual/practical question. Why should I not be able to run with more than 1 CDSC account transparently? What is wrong with me putting through two orders with different brokers? A while back my broker recommended i do that (ID/PP accounts). Yeah, a while back during Kengen IPO. Try out yours they may. On the conceptual/practical question, hapo sasa,  On 3rd matter, you can put through two orders with different brokers. Others may give their experience
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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Mainat wrote:If you want all 2 accounts with the same broker, open one with ID and the other with Passport Okay-I doubt if one broker will allow. There is also a conceptual/practical question. Why should I not be able to run with more than 1 CDSC account transparently? What is wrong with me putting through two orders with different brokers? [/quote] Unbelievable.. Hapa inaokena tuko na problematic student.. Now, if a packet of milk costs 45bob at both Nakumatt and Uchumi, why would a shopper want to enter Nakumatt and buy one packet, then enter Uchumi for the other packet??? There is simply no reason to have more than one CDS..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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obiero wrote:Mainat wrote:mwekez@ji wrote:If you want all 2 accounts with the same broker, open one with ID and the other with Passport Okay-I doubt if one broker will allow. There is also a conceptual/practical question. Why should I not be able to run with more than 1 CDSC account transparently? What is wrong with me putting through two orders with different brokers? Unbelievable.. Hapa inaokena tuko na problematic student.. Now, if a packet of milk costs 45bob at both Nakumatt and Uchumi, why would a shopper want to enter Nakumatt and buy one packet, then enter Uchumi for the other packet??? There is simply no reason to have more than one CDS.. @obiero, why do people have more than one bank account? Apply to CDS
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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mwekez@ji wrote:obiero wrote:Mainat wrote:mwekez@ji wrote:If you want all 2 accounts with the same broker, open one with ID and the other with Passport Okay-I doubt if one broker will allow. There is also a conceptual/practical question. Why should I not be able to run with more than 1 CDSC account transparently? What is wrong with me putting through two orders with different brokers? Unbelievable.. Hapa inaokena tuko na problematic student.. Now, if a packet of milk costs 45bob at both Nakumatt and Uchumi, why would a shopper want to enter Nakumatt and buy one packet, then enter Uchumi for the other packet??? There is simply no reason to have more than one CDS.. @obiero, why do people have more than one bank account? Apply to CDS The logic does not apply.. Those are two different entities. Anyway, most individuals who have more than one bank account are confused! For a company, it makes sense since they may be suppliers to major clients who prefer to pay through their chosen bank
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Obiero-a response from you is not a must... Some of our failures as a nation is few question our many odd ways of doing things and a love of "shortcuts". Had a similar response when I asked a bank why it requires me to go to a branch to open an account in 2014 when we have agents, email and the like Sehemu ndio nyumba
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: New-farer Joined: 7/18/2012 Posts: 76
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mwekez@ji wrote:patrazi wrote:Am I a victim. I applied for Nse Ipo using my cds a/c and a friend whom we hold a joint a/c applied for minimum using the joint cds. Are we likely to be disqualified? No. Thanks for the response.
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