VERIFICATION OF SHARE CERTIFICATE
CityCode Trust & Investment Company processes your physical certificate into electronical format; domicile same in your special and allotted account with Central Securities Clearing System (CSCS) under CityCode. This gives you flexibility to deal on your shareholdings at all times on all the floors of the Nigerian Stock Exchange.
The process involves satisfactory completion and returning our account opening forms along with KYC documents and requirements.
COMMON ISSUES THAT CAN BE AVOIDED WHEN SHARES ARE DEMATERIALIZED
- Irregular signature by shareholder
- Incomplete banker’s confirmation
- Cost of banker’s confirmation
- Incorrect/Incomplete details on certificate
- Incorrect/Incomplete details on covering documents
- Incorrect /Incomplete account and bank details
CONVERSION OF SHARES CERTIFICATE TO ESTATE ACCOUNT
CityCode Trust & Investment Company recognizes the pain of losing a loved one. We transmit an estate of a deceased to an Estate Account or distribute to beneficiaries after all the registrar’s requirement have been met.
CityCode Trust & Investment Limited plays a vital role in directing on the process of obtaining probate/ letter of Administration until the estate account is legally established.
COLLECTION OF UNCLAIMED DIVIDENDS
As an investor, it is very likely that you may have incidences of unpaid dividends either due to the fact that the dividend warrants got stale or the dividend warrants never getting to you at all.
CityCode Trust & Investment Limited helps you get your unclaimed dividend through the e-dividend process. This process entails that you fill e-dividend forms to enable the registrars’ credits your bank account whenever dividend is declared on your holdings.
An E-dividend form contains the name of the bank which you intend your dividend to be paid into, the address of the bank, Nuban Bank account number, sort code, name and address of the shareholder, name of the stockbroker, email address, company seal (if it is a registered company) etc. Each Registrar has various formats but basically the same information.