Tyndale Securities Limited (TSL) is a stockbroking firm registered by the Securities & Exchange Commission of Nigeria (“SEC”) and licensed on the 27th of August, 2015 by the Nigerian Stock Exchange (“The Exchange”) to deal in securities on the floor of the Exchange. TSL is also registered with NASD and DMO.
The minimum amount required to open a Stockbroking account is N5m (five million naira) which can be a cheque, transfer of shares already resident with other stock broking firms or a combination of the two.
You can place your mandate via our on-line portal using your given access codes, send it via e-mail to email@example.com or printed mandate can be dropped in our office by the client. However, the deadline for receiving mandate is 8.00am on the intended business day of execution.
Cancellation, amendment and withdrawals of mandates can be done through brokerage account or email to firstname.lastname@example.org subject to a deadline of 8.00am on the intended business day of execution.
The maximum cash deposit of N50,000.00 is allowed directly into your stockbroking account. Deposit above N50,000.00 have to be done through other payment instruments such as cheque, draft or fund transfer as stipulated in the Securities and Exchange Commission regulations.
An automatic trade notification e-mail will be sent once a trade is carried out on your account through your mandate email address. We require a valid and serviceable email for this purpose. You will also be notified by CSCS Trade Alert.
You would request the lending institution to write us a letter requesting for lien placement on the stocks you intend to use as collateral for the loan stating the facility details. Lien placement is subject to approval in writing.
Our robust market analysis provide detail report for client to take investment decision. While we are an execution only brokerage house, our clients access to our highly acclaimed research reports help guide in investment decisions.
To generate your statement online, simply follow the steps below:
- Visit our website www.tyndale-securities.com and click on ‘client login’.
- Another window will appear advising you to login with your USER ID and PASSWORD which will take you to your account summary page.
- Click on the link “STATEMENT” on the Account Summary page.
- Enter the dates for which you want the statement to be generated
Once you open a Stockbroking Account with us, a CSCS account details will be generated and online account will automatically be opened for you and login details will be sent to you via our welcome e-mail.
Click on the “forgot password” button, supply the required details and a new password will be sent to your e-mail address on our database. You can send an email to email@example.com for password reset and new login details.
You can reach us through “contact us” on www.tyndale-securites.com; by e-mail: firstname.lastname@example.org; by post; telephone and in person between 9.00am and 5.00pm, Monday to Friday, to ensure appropriate direction for our internal review. Read our ‘customer communications information policy.
Kindly make a deposit to our designated client bank account (domiciled with Sterling Bank) via cheque or fund transfer.
Several options are opened for use of sales proceeds; these include reinvestment in other stocks, outright payment through cheque or transfer as indicated on your mandate.
NASD is an acronym for National Association of Securities Dealers. It provides platform where shares of companies not listed (unquoted) on the Nigerian Stock Exchange (“NSE”) are traded.
Quoted securities are securities that are listed/traded on an organized Exchange like the NSE while un-quoted securities are those traded in an OTC market.
An OTC (over-the-counter) market is an off Exchange market which trades unlisted securities.
Yes, an account has to be created and domiciled with your stockbroker who is registered by NASD as a participant on the OTC market. Also at CSCS, a different account for OTC securities will be opened for your OTC trades.
Transactions settle on T+3 basis, just like on the NSE.
It is an acronym for Financial Market Dealers Association. It is basically a platform where over the counter (OTC) trades on treasury bills, bonds and now forex are made.
DMO is an acronym for Debt Management Office. DMO on behalf of Federal Government of Nigeria offers to the investing public through Offer for Subscription a fixed income investment – FGN Savings Bond.
Investors are to subscribe through stockbroking firms trading on the floor of The Nigerian Stock Exchange (NSE) and accredited by the DMO to act as Distribution Agents.
No, your existing account with CSCS will be credited with your allotment. However, where the investor has no account with the CSCS, a new account will be opened by the stockbroker for the investor.
Your account with CSCS will be credited with your allotment and be tradeable on the floor of the Exchange if investor so wish before the maturity date.
The tenor is between 2 and 3 years with varying interest payment to investors on quarterly basis.
Minimum subscription amount is N5,000.00 with additions in multiples of N1,000.00, subject to a maximum of N50,000,000.00.