gse securities depository company ltd ameda presentation april 26, 2012
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GSE SECURITIES DEPOSITORY COMPANY LTD
AMEDA PRESENTATION
APRIL 26, 2012
CORPORATE ACTIONS
• Ghana Stock Exchange is primary source of corporate action
• GSD does not process information• Provides entitlement list to Registrars • Final upload is done at the GSD and accounts
are credited• With regards to bonus issue accounts are
credited directly after apply date is communicated by Issuer
SETTLEMENT MODEL (BIS MODEL II)
• Settlement cycle T + 3• Guarantee Fund • Each clearing member has a committed line of
credit with a bank• Settlement Bank – commercial bank
electronically linked with the Clearing House• Net cash settlement, Gross Securities
Settlement
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