CDSC Settlement Services Suspended Today

Kathmandu, September 12 – CDS and Clearing Limited (CDSC) has announced the suspension of securities clearing and settlement services today, Friday (Bhadra 27).

The decision follows the difficult circumstances caused by the protests on September 8 and 9 (Bhadra 23 and 24). Due to curfews, prohibitory orders, and damages resulting from the unrest, depository participants, clearing members, clearing banks, and investors have been unable to carry out the necessary procedures for settlement. CDSC stated that the suspension was unavoidable under the current conditions.