the jamaica central securities depository an introductory overview

9
THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

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Page 1: THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

THE

JAMAICACENTRAL SECURITIES

DEPOSITORY

An Introductory Overview

Page 2: THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

The Island of Jamaica is located:• At 18o15’N (latitude) and 77o30’W (longitude)• In the north-western region of the Caribbean

Sea known as the Greater Antilles.• 145km south of Cuba and 160km west of

Haiti

GEOGRAPHY

Page 3: THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

DEMOGRAPHICS & OTHER INFORMATION ON JAMAICA

• Population of approx. 2.65 million persons• Over 0.7 million live in Kingston (capital city)• Independent commonwealth nation• System of Government is based on parliamentary

democracy model• 90% of population are of African extract• Languages spoken: English and patois• Primary industries are tourism, bauxite mining and

agriculture• World renown for our beaches, waterfalls, reggae

music, Bob Marley, Marcus Garvey, premium coffee and having a bobsled team

Page 4: THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

THE JAMAICAN SECURITIES INDUSTRY

• Vibrant equities trading– 11 Stockbrokers, 42 listed companies– Market Capitalization of U$14.3 million at May

2005

• Large market in fixed income securities, esp. Government securities

• Both markets are the largest in the Caribbean

Page 5: THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

THE JAMAICA STOCK EXCHANGE

• Established in 1968, trading began in 1969• Licensed under the Securities Act and supervised

by the Financial Services Commission• Committed to providing a fair, transparent and

efficient capital market• Self-regulatory organization for broker-members

who are also owners• Only such exchange in the island and the first and

largest in the Caribbean• Parent company of the Jamaica Central Securities

Depository (JCSD)

Page 6: THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

• Established and began operations in 1998• Registered under the Securities Act 1993• Wholly owned subsidiary of the Jamaica Stock

Exchange (JSE)• System for custody & settlement of securities in an

immobilized environment• Only such depository in the island, largest in

Caribbean• Moved into separate facilities in January 2006• Immobilization of Fixed Income securities by

December 2006

THE JAMAICA CENTRAL SECURITIES DEPOSITORY

Page 7: THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

FACTS, FEATURES & SERVICES

• Holdings represent approximately 90% of available equity stock in circulation

• Over 82,000 account holders• Indemnity insurance coverage of approx. U$1

million• T+3 settlement cycle• Zero loss experiences to date• Also offer Registrar services to listed

companies• Statements available on-line

Page 8: THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

SENIOR OFFICERSRoy L. Johnson BSc., MBAChairman of the Board of the JCSD,

Executive Chairman of the JSE

Marlene Forrest BSc., MBAJCSD General Manager and Corporate Secretary, General Manager of the JSE

Robin Levy BSc., MBA, CFEGeneral Manager-Designate of the JCSD Deputy General Manager of the JSE

Page 9: THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

CONCLUSION• 8-year old depository has brought added

security and convenience to the Jamaican capital market

• Has garnered significant market share• Is poised for even more growth with Fixed

Income securities platform, on-stream for last quarter 2006

• Thank you for your consideration

Contact Information:• Website: www.jamstockex.com• Email: [email protected]• Address: 40 Harbour Street, Kingston, Jamaica