Market Status CLOSED Sunday 14 July 2024

About the SCD


The Securities Central Depository (SCD) was established to operate as a subsidiary company of the Uganda Securities Exchange. Its core mandate was to provide centralized depository, clearing and settlement services for the Ugandan equity and debt markets. The company became operational in July 2010. The setting up of SCD has brought about prompt and efficient clearing and settlement of trades while at the same time reducing some of the inherent risks in the process. The SCD provides an enhanced clearing and settlement service to investors and market players. The SCD is regulated by the Capital Markets Authority (CMA) and complies with the International Organization of Securities Commissions (IOSCO).

In July 2015 the SCD improved its services through the automated trading platform which provides an online access to its members. Trades are settled within a rolling T+3 settlement cycle on a Delivery versus Payment (DvP) basis. Final and irrevocable transfer of funds occurs through the settlement bank on settlement date.

The SCD has established a Guarantee Fund to guarantee the settlement of transactions in the event of a default by a Participant.  The Fund is managed by the USE’s Business Conduct Committee that monitors operations relating to the operations of the SCD.


The SCD is a subsidiary of the USE and is owned and governed by the Exchange’s Board of directors. The SCD complies with the code of corporate governance instituted by the USE and has a management structure that reports directly to the USE’s Chief Executive Officer who reports to the Board of directors.   


Broker Dealers/Investment Advisors

  • Chipper
  • Crested Capital
  • Dyer and Blair (U) Ltd
  • Standard Bank Group Securities Ltd
  • UAP Financial Services Ltd

Custodian Banks

  • Housing Finance Bank Ltd
  • Kenya Commercial Bank Uganda Ltd
  • Stanbic Bank Uganda Ltd
  • Bank of Africa Ltd
  • Standard Chartered Bank Ltd