Functions of CSCS

Functions of CSCS: 1. Provides depository for share holders who wish to deposit their certificates for stock market transactions. These share certificates are kept in the coffers of CSCS; such certificates are dematerialized for transaction purposes. 2. CSCS processes inter-market transfers(that is, transfers of transactions from money market to capital market etc). 3. CSCS operates as an issuer of central securities and clearing house of the exchange. 4. CSCS is in charge of securities on the stock exchange that is they guide and supervise stock transactions on the floor of the market. 5. CSCS is a safe and central depository for share certificates of companies quoted on the NSE or any other stock exchange around the world. 6. Issue of central securities identification numbers to stock brokers and investors.