THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview.

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Presentation transcript:

THE JAMAICA CENTRAL SECURITIES DEPOSITORY An Introductory Overview

The Island of Jamaica is located: At 18 o 15’N (latitude) and 77 o 30’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

DEMOGRAPHICS & OTHER INFORMATION ON JAMAICA Population of approx 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

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

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)

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

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

SENIOR OFFICERS Roy L. Johnson BSc., MBA Chairman of the Board of the JCSD, Executive Chairman of the JSE Marlene Forrest BSc., MBA JCSD General Manager and Corporate Secretary, General Manager of the JSE Robin Levy BSc., MBA, CFE General Manager-Designate of the JCSD Deputy General Manager of the JSE

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: Address: 40 Harbour Street, Kingston, Jamaica