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PRESENTED BY: Leigh Daniel, Head of Client Relations DATE: September 2010 PowerPoint PPT Presentation


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Strate Ltd Services to Unlisted and Listed Companies. PRESENTED BY: Leigh Daniel, Head of Client Relations DATE: September 2010. Who is Strate?. South Africa’s authorised Central Securities Depository for the electronic settlement of financial instruments in South Africa

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PRESENTED BY: Leigh Daniel, Head of Client Relations DATE: September 2010

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Presented by leigh daniel head of client relations date september 2010

Strate Ltd

Services to Unlisted and Listed Companies

PRESENTED BY: Leigh Daniel, Head of Client Relations

DATE: September 2010


Who is strate

Who is Strate?

South Africa’s authorised Central Securities Depository for the electronic settlement of financial instruments in South Africa

Licensed and regulated by the Financial Services Board (FSB)

Provides electronic settlement for equities for listed and unlisted companies, bonds, warrants and money market securities to the South African market , including the JSE and the Namibian Stock Exchange

Owned by JSE Ltd (44.5%), four local banks (55.4%) & Citibank (0.1%)

Core purpose is to mitigate risk and bring efficiencies to the South African market

Aligned to international best practice and standards


Presented by leigh daniel head of client relations date september 2010

Benefits of Strate to listed & unlisted companies

  • Elimination of paper share certificates and the secure electronic clearing, settlement and depository of shares

  • Electronic transfer of ownership of shares when settlement takes place

  • Maintenance of the Shareholder Register

  • Security of the Strate system – never been compromised

  • Reduced risk of trading, settlement and corporate events

  • Loss of shares due to theft, transit, fire, mutilation can be prevented

  • Reduced cost of printing and distribution of certificates

  • Compliance with international standards

  • Regulated by the FSB

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Presented by leigh daniel head of client relations date september 2010

What is dematerialisation?

  • Conversion of paper share certificates into an electronic record of ownership

  • Secure, electronic custody of shares in Strate

  • Elimination of the risks and administration associated with paper share certificates and transfer of ownership

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Presented by leigh daniel head of client relations date september 2010

Strate – Salient Features

  • Established in terms of the Securities Services Act 2004

  • Mitigate securities settlement and custody risk

  • Transparency of the shareholder register

  • Implementation of global best practice

  • High degree of Straight Through Processes

  • Use of secure, robust and standardised technology and connectivity

  • Largest user of SWIFT in Africa; top 2% globally

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Presented by leigh daniel head of client relations date september 2010

Core & Value added Services offered by Strate

  • Clearing and Settlement of Equities for listed and unlisted companies, Bonds and Money Market instruments

  • Facilitation of Corporate Actions on Equities, Bonds and Money Market Instruments including dividend payments, interest and redemption payments etc

  • Companies have access to their accurate up-to-date register on a weekly or monthly basis

  • Information management and share register analysis

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Presented by leigh daniel head of client relations date september 2010

Statistical Data – end July 2010

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Questions

Questions

Thank you

Leigh Bevis

Head of Client Relations

Strate Ltd

011 759 5466

[email protected]


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