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Emerging Business Models & Alliances: What now and next in ACSDA’s CSDs

Emerging Business Models & Alliances: What now and next in ACSDA’s CSDs. Iván Díaz G. General Manager & CEO Central Latinoamericana de Valores, S.A. Hamilton, Bermuda 23 de marzo de 2011. Agenda. Overview of the Panamanian Economy Active government participation in the market

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Emerging Business Models & Alliances: What now and next in ACSDA’s CSDs

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  1. Emerging Business Models & Alliances:What now and next in ACSDA’s CSDs Iván Díaz G. General Manager & CEO Central Latinoamericana de Valores, S.A. Hamilton, Bermuda 23 de marzo de 2011

  2. Agenda • Overview of thePanamanianEconomy • Active government participation in the market • CSD’s of theregion & CSD links • Status of the CSD’s projects in the region

  3. Look at the Panamanian Economy

  4. PanamanianEconomy: Highligths • The panamanian economy grew 7.5% in 2010, demonstrating its ability to recover quickly following the global financial turmoil in 2009. • Growth is widespread across the economic sectors withtransportation and communications leading the way. • Strong economic performance appears sustainable in the context of price stability, with inflation registering at 3.5% in 2010. • Growth prospects are estimated around 7% for the next five years; with Panama fast on track reaching its development goals.* • Panama achieved investment grade in 2010. • Free flow of capital and a market that has competitive tax advantages. • Completely dollarized economy since 1904, and strong foreign direct investment, reaching 9% of GDP in 2010. • Canal expansion is fully on track and with the original budget estimates. Expansion is scheduled to be completed by 2014, among other projects of great impact on the economy. FMI*

  5. Major Infrastructure Projects

  6. PanamanianGovernment: Movingthe Market

  7. CSD’s in theRegion: generatingaddedvaluetothemarket

  8. CSD’s in Central America: Highlights

  9. Latin Clear: CSD’s Links LATINCLEAR

  10. Status of Projects in the Region

  11. AMERCA Project: AMERCA (Alliance of Central American Markets): • In the year 2008, the stock exchanges of El Salvador, Costa Rica and Panama signed a MOU, in order to agree on the conditions, reach and bases of an alliance called “Amerca”. • The main objective of this alliance is to develop a unique securities market model underpinned by a common negotiatingtransactions that allows the creation of a wide regional securities market. • Overall Project Reach: • Negotiation of all securities offered in the markets of the Alliance, starting with debt and equity. • Remote Member : is any securities broker/dealer that is duly authorized by the local regulator, to operate on any of the Alliance member’s stock exchange. • Access for the participants of the Alliance’s country members to the shared trading platform. • Distribution of the information generated on transactions corresponding to each market, through the shared trading platform. • The custody, clearing and settlement services will be implemented by theCSD’s of each country member of thealliance.

  12. AMERCA Project: Relevant Figures

  13. Thanks!! www.latinclear.com

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