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SECURITIES ACCOUNTING SYSTEM. PECULIARITIES I N GEORGIA. P R E S E N T A T I O N. M O S C O W O C T O B E R 2 0 0 5. Georgian Securities Market Infrastructure. GEORGIAN OVER-the- COUNTER MARKET. GEORGIAN STOCK EXCHANGE. Central Depository. - PowerPoint PPT Presentation
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SECURITIES ACCOUNTING SYSTEM
P R E S E N T A T I O N
M O S C O W O C T O B E R 2 0 0 5
PECULIARITIES I N GEORGIA
Georgian Securities Market Georgian Securities Market InfrastructureInfrastructure
GEORGIAN STOCK
EXCHANGE
Central Depositor
ySettlement
Banks
Securities Registrars
Brokerage Company
Brokerage Company
GEORGIAN OVER-the- COUNTER
MARKET
Securities Registrars
S E C U R I T I E S D E P O S I T I O N
Brokerage Companies
Central Depository
Clients
Securities Central Depository
Brokerage Companies
Commercial Banks
Securities Registrars
WHO REALIZE DEPOSITORY WHO REALIZE DEPOSITORY FUNCTIONS IN GEORGOAN FUNCTIONS IN GEORGOAN
SECURITIES MarketSECURITIES Market
Levels of Nominee HoldershipLevels of Nominee Holdership
Beneficiary-owners of securities
Transfer to first-level NH
Brokerage Companies
Central Securities Depository
Commercial Banks
Transfer to second-level
NH
Transfer to second-level
NH
Transfer to second-level NH
Nominee HoldershipNominee Holdership
R E G I S T R Y - Accounts
Central Depository Accounts
BeneficialO w ner
Account
BrokerageCompanyAccount
CentralDepository
Account
2
Clients D irectAccounts
Brokers C lientsAccounts
BrokerageCompanies
Proprietary Accounts
1 1 ,4
R E G I S T R A R
C e n t r a l D e p o z i t a r y
1 '
2 '
3 '
Types of Nominee HoldingTypes of Nominee Holding
• Provide information to customers;
• Receives dividends;
• Sells/Purchased securities;
• Manages securities;
• Keeps securities;
• Combinations of all the above.
TRADES & ISSUERS• There are precious few quality public companies at
present…
Market Parametrs
2002 2003 2004
Georgian Stock Exchange
Trade sessions 104 103 102
Turnover, mln. Lari 8,5 1,6 47
Turnover, mln. Shares 11 8 31
Over-the-counter market
Turnover, mln. Shares 18 56 75
TREASURIES PRIMARY MARKET
25,39
54,00
81,70
198,77
<<
<<
<<
44,62
Max
17,64
35,79
23,05
23,75
<<
<<
<<
27,02
Min
21,33139 299 800139 300 0002004
42,94226 978 700227 900 0002003
42,94250 223 000259 300 0002002
67,3268 079 80081 950 0002001
<<39 221 30040 000 0002000
<<3 948 0004 800 0001999
<<47 438 40082 166 6001998
35,6413 917 00020 656 8001997
MiddleYEAR
FLOATING VALUE
ANNUAL RATE of RETURNEMISSION
VALUE
Some Parameters of GCSD in 2004
2635
48
Deposited Securities (#), Total 1 373 388 816
Deposited Cash (GEL), Total 72 304 492
Settled Trades 1094
Number of open brokers’ client accounts (BC) before the year end
Number of direct accounts (DI) before the year end
5.59710 000 00010 000 000,00 Georgian BankGEB
0.10010 000 00010 000 000,00People’s BankAMB
0.2001 812 96710 350 000,00Sarajishvili &EniseliENIS
-5 200 00010 400 000,00GergetiGRG
0.70021 000 00021 000 000,00United Georgian BankUGB
1.92012 000 000 21 840 000,00Poti shipyardPOGR
0.00126 327 13026 327 130,00Kutaisi autofactoryKAVT
-29 700 16829 700 168,00FERO
1.00081 147 88681 147 886,00AEST
1.000111 000 000202 020 000,00
Zestafoni Ferrous
CHMN
Last price in 2004
Outstanding Shares
Authorized capital stock
JSK
name
GSEcode
ChiaturManganumi
AES Telasi
TOP 10 GEORGIAN JSK (by CAPITAL)TOP 10 GEORGIAN JSK (by CAPITAL)
THANK YOU
ANY QUESTIONS?
Contact Information
GEORGIA, 0126, TBILISI, Chavchavadze ave. 74a
TELEFONS: (995 32) 22-07-18; (995 32) 22-07-49
FAX: (995 32) 25-18 -76 WEBSITE: www.gcsd.ge
DIRECTOR – SANADZE GAIOZ
Georgian Central Securities Depository
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