CDSC: The Central Depository System Corporation (CDSC) has now rolled out their SMS alert service to inform investors of trades within their accounts, and hopefully alert investors of unauthorized trades by rogue brokers
Investors can check their CDSC (amazingly, they still have no website as yet) balances by registering through either (i) in person at 10th floor Nation Center or (ii) sending an SMS formatted “REG*CDS A/C No.*ID No.” to 2372 – to receive an alias and Pin No.
Investors can then use the service to access (i) portfolio balance, (ii) view a mini statement (of last 5 trades) (iii) receive alerts of each trade [by sending an “alerts on” message to 2372] or (iv) change PIN. (each CDSC SMS costs 10 shillings – ~$0.15) [more from helpdesk@cdsckenya]
NCWSC: The Nairobi City Water & Sewerage Company have followed in the footsteps of the KPLC to introduce an SMS facility where customers can check their water bills by phone SMS. Simply send a message with account number to the number 5571, and receipt of a balance message costs 15 shillings. While The company is not as aggressive in cutting off subscribers with arrears as KPLC, their bills through the regular mail are rare and infrequenet, and so SMS is a good way to know your balance and due date.
For electricity bills from KPLC, queries cost 10 shillings by SMS, but are free by e-mail.
Mobile XL: report on a value addition SMS and chat application.
A couple of Banks offer SMS banking facilities, but the value addition is questionable given the cost [30/= per query]. Online banking for corporations seems a more viable option
And finally, most dear to every investor now is the use of SMS to trace Safaricom IPO refunds and allocation:
– For IPO allocation; message is “CDS.no#ID.no#A” to 4009
– For refund cheque location; message is “CDS.no#ID.no#R” to 4009
each SMS costs 15/=
– if no message, chances are your (rogue) broker did not buy shares for you