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THE JAMAICA CENTRAL SECURITIES DEPOSITORY. An Introductory Overview. GEOGRAPHY. 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. - PowerPoint PPT Presentation
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THEJAMAICA
CENTRAL SECURITIESDEPOSITORYAn 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
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
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 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
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