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ACSDA Leadership Forum October 2008

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Presentation on theme: "ACSDA Leadership Forum October 2008"— Presentation transcript:

1 ACSDA Leadership Forum October 2008
S.D. Indeval (México) ACSDA Leadership Forum October 2008 Julio Obregón, Manager

2 CORPORATE RIGHTS

3 New Corporate Right Flow
Issuer Issuer Indeval System Input Data Participants

4 Relevant Points Issuers are obligated by law to provide the CSD with all the information related with the shareholder meeting. CSD provides the issuers with a proof of share ownership. CSD deliver a pre-shareholders pass to all its participants. CSD will issue the proof of share ownership, 5 days before the shareholder meeting for Mexico city and 8 days before for the rest of the country.

5 CORPORATE ACTIONS

6 Corporate Actions ISO 15022 Issuer $ Person Information CSD
Participants S.D. Indeval Company ISO 15022

7 Types of Corporate Actions
Dividends Stock Dividends Interest Redemption Subscriptions Mergers Splits Spin Offs Conversions Capitalization

8 Relevant Points The Issuer has to deliver all the information related with the corporate action 5 days before of the application day. All payments are made in same day by CSD as follow: Pesos Central Bank account Commercial Bank Other currencies CSD will receive the cash until 13:30 on payment date.

9 Relevant Points In Mexico does not apply back value.
The CSD’s participants can verify the following information on-line: Corporate action statement and balance for cash and securities Movements Calculation Method CSD provides the participants with all the information related to the corporate action. The Corporate Action information and timetables are located in the CSD’s network.


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