CDS and Clearing Limited, a company established under the company act is a company promoted by Nepal Stock Exchange Limited (NEPSE) in 2010 to provide centralized depository, clearing and settlement services in Nepal. The company is inaugurated on 31st March 2011. The main objective of the company is to act as a central depository for various instruments (Equity, Bonds, and Warrants etc) especially to handle securities in dematerialized form. This organization is entrusted with the safekeeping, deposit, and withdrawal of securities certificates and transfer of ownership/rights of the said instruments. The depository functions will be performed by the company under the securities regulations of Securities Board of Nepal (SEBON).CDSC is a wholly owned subsidiary company of Nepal Stock Exchange Ltd. (NEPSE) which was established on 7th Poush 2067.
CDSIL India is the consultant company of CDSC. The depository and settlement services was established in Nepal under the guidance of CDSIL India.
The application used for depository and settlement services is developed and maintained by TCS India.
CDSC is a member of ANNA. CDSC provides ISIN (International securities Identification Number) to all the securities listed in depository.
CDSC is a member of Asia pacific CSD Group.