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					                         Cyprus Stock Exchange                                                                                                                                                                                                                                                            Services Conversion table




                                                                                               3. Complete which tariff sections/captions refer to                   4. Reference to        5. Fees charged to (issuer
1. Services                           COllateral management related to collateralisation of                                                                                                                                                     6. Service description
                                                                                                                   which service                                    tariff brochure -        or its agent, intermediary,
(as listed in section V of Code)                     central bank liquidity                                                                                                                                                          (in summary or reference to existing documents)
                                                                                               (one caption per row - insert as many rows as required)                  (Fees table)             end investor, other)




Account Provision & Asset                                                                     Creation of Investor Account in the Central Securities Depository                                                            Account Operators (CSE Members and Custodians) create securities
                                    Opening of investors share account                                                                                            Table III, pt. 5          Intermediary
Servicing                                                                                     (CSD) of Cyprus Stock Exchange (CSE)                                                                                         accounts and maintain client information




                                                                                                                                                                                                                           Maintenance Cost For one calendar year
                                                                                                                                                                                                                           Rebate Scheme is applied for this charge as it is described in the pricing
                                                                                                                                                                                                                           policy
                                                                                                                                                                                                                           Services Offered to Account Operators include
                                                                                                                                                                                                                           CSD terminals and application licences,
                                                                                              Clearing and Settlement Infrastructure Usage for Account
                                    Maintenance of investors share account                                                                                        Table II, pt. 7           Intermediary                   Software upgrades,
                                                                                              Operators (on annual basis)
                                                                                                                                                                                                                           Reports and files uploading to the terminals of the operators,
                                                                                                                                                                                                                           Account operator helpdesk support,
                                                                                                                                                                                                                           Information about beneficiary owners dates and other relevant corporate
                                                                                                                                                                                                                           action information,                                                All
                                                                                                                                                                                                                           (clients) accounts are kept by CSD



                                                                                                                                                                                                                           One time fee for legal electronic connection to both members and
                                                                                                                                                                  Table II, pt.2 ,pt.6.2
                                    CSD membership                                            Members and Custodians                                                                        Intermediary                   custodians
                                                                                                                                                                  Table IX pt.1 ,pt. 2
                                                                                                                                                                                                                           Annual fee for on line connection to both member and custodians




                                                                                                                                                                                                                           Securities held at the end-client level account with CSD acting as an
                                    Asset servicing dematerialised securities                 Investor portfolios held in the special accounts                    Free of charge            Investor
                                                                                                                                                                                                                           Account Operator


                                                                                                                                                                                                                           Maintenance of shares, warrants and bonds register
                                                                                                                                                                                                                           The maintenance of registers
                                                                                                                                                                                                                           Annual maintenance of shares and warrants registers
                                                                                                                                                                  Table IV, pt. 3 & Table
                                    Asset servicing dematerialised securities                 Issuers’ register maintenance (on annual Basis)                                               Issuer                         Annual maintenance of corporate bonds register
                                                                                                                                                                  VI pt.1.3
                                                                                                                                                                                                                           Annual maintenance of municipal bonds register
                                                                                                                                                                                                                           Annual maintenance of government bonds register excluding
                                                                                                                                                                                                                           Treasury Bills registers




                                                                                                                                                                                                                           Correction in the investors account due to false entry at the time when
                                    Asset servicing dematerialised securities                 Corrections of Investors account                                    Table IV, pt.5.1/5.2      Issuer                         the registry was submitted to the CSD. Blocking of securities due to a
                                                                                                                                                                                                                           false input until the completions of the correction.




                                                                                                                                                                                                                           Allocation of bonus shares, shares splits, mergers etc.           The
                                    Asset servicing dematerialised securities                 Corporate Actions                                                   Table IV, pt.4            Issuer
                                                                                                                                                                                                                           exercise of warrants, acquisition etc.


                                                                                                                                                                                                                           Archive preparation under request, from the issuer which are necessary
                                                                                                                                                                                                                           either for the listing of securities or for corporate actions purposes (i.e.
                                    Asset servicing dematerialised securities                 Corporate Actions - Procedure of achieve preparation                Table IV, pt.6.1/6.2      Issuer                         assignment beneficiaries archives)
                                                                                                                                                                                                                           Conversion of software standards regarding the archives prepared by CSE
                                                                                                                                                                                                                           (i.e. conversion in excel format).



                                                                                                                                                                  Table V,D, pt.1
                                    Asset servicing dematerialised securities                 Corporate Actions : Squeeze out payment                                                       Offeror                        The service includes the transfer of shares from investor to offeror
                                                                                                                                                                  TableIV pt.7.8



                                                                                                                                                                                                                           Actions taken by the CSD to serve the CSE Operator that acts as
                                                                                                                                                                                                                           consultant within the framework of the Public Offer, (i.e. examination of
                                                                                                                                                                                                                           the acceptance form, the completion after having forwarded the archive
                                    Asset servicing dematerialised securities                 Corporate Actions : Procedure of Public Offer                       Table IV, pt.7            Intermediary
                                                                                                                                                                                                                           of off-exchange conveyance of the transfer of securities from the
                                                                                                                                                                                                                           investors’ share account to the share account of the person who made
                                                                                                                                                                                                                           the public offer.

                                                                                                                                                                                                                           Actions taken by the CSD to serve the CSE Operator that acts as
                                                                                                                                                                                                                           consultant within the framework of the Public Offer, (i.e. examination of
                                                                                                                                                                                                                           the acceptance form, the completion after having forwarded the archive
                                    Asset servicing dematerialised securities                 Corporate Actions : Procedure of Public Offer                       Table IV, pt.8            Intermediary
                                                                                                                                                                                                                           of off-exchange conveyance of the transfer of securities from the
                                                                                                                                                                                                                           investors’ share account to the share account of the person who made
                                                                                                                                                                                                                           the public offer.



                                                                                                                                                                                                                           The service includes:
                                    Asset servicing dematerialised securities                 Corporate Actions : Sell out payments                               Table V,D, pt.1           Investor or offeror            The transfer of shares from investor to offeror
                                                                                                                                                                                                                           Transfer of 'exchanged ' shares from offeror to investor



                                                                                                                                                                                                                           Preparation of electronic archives that are necessary in cases of public
                                    Asset servicing dematerialised securities                 Corporate Actions : Procedure of squeeze out and sell out           Table IV, pt.7            Intermediary                   offer, and the submission of these archives to the CSE Operator that acts
                                                                                                                                                                                                                           as a consultant within the framework of the Public Offer




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                        Cyprus Stock Exchange                                                                                                                                                                                                                                                                 Services Conversion table




                                                                                                     Information from the Registry to the issuers regarding Dividends
                                   Asset servicing dematerialised securities                         and Interest Payments                                               Table VIII, pt.3.1        Issuer                      End -Client Information given to Issuers




                                   Asset servicing dematerialised securities                         Redemption of Debentures and Return on Capital in Cash              Free of charge


                                   Asset servicing physical/immobilised securities                   Service not offered


                                   Proxy voting                                                      Service not offered


                                   Withholding tax services                                          Service not offered



                                                                                                                                                                                                                               CSD on line service includes:
                                                                                                     Provision of information on investor account via internet (CSD on                                                         Transactions and balances
                                   Information Services to End-Investors                                                                                                 Table VIII pt. 19         Investor
                                                                                                     line service)                                                                                                             Portfolio evaluation
                                                                                                                                                                                                                               Securities Security through compulsory use of 2 access codes



                                                                                                     Investor helpline
                                   Information Services to End-Investors                                                                                                 Free of charge                                        Business day service 7:30 - 17:00 through phone or e-mail




                                                                                                     Securities Account information via help desk
                                   Information Services to End-Investors                                                                                                 Table VIII pt.3.3, pt 4   Investor                    Issue of Statements, Issue of Registry, Inspection of Registry




                                                                                                                                                                                                                               Approval and Maintenance of Proxies and Corporate Legal Documents.
                                   Sundry Services to Investors                                      Sundry Services to Investors                                        Free of charge
                                                                                                                                                                                                                               Correction/updating of Investors details in Share Accounts



                                                                                                     Undertaking of new Register by the Central Depository and the
                                                                                                                                                                                                                               Delivery of the Electronic Registry,
Establishing securities in book-   Issuance dematerialised securities                                Central Registry (for listed Companies)                             Table IV. 2,3
                                                                                                                                                                                                   Issuer                      Evaluation of the Registry,
entry form                                                                                           Undertaking of new Register by the Central Depository and the       Table XIII, pt1,2
                                                                                                                                                                                                                               Finalisation of Registry
                                                                                                     Central Registry (for Non-listed Companies)
                                                                                                     Cancellation of securities (e.g. due to issuer buy-back of owed
                                   Redemption/cancellation dematerialised securities                                                                                     Table IV, pt.4            Issuer
                                                                                                     shares)


                                   Deposit physical securities in book-entry form (immobilisation)   Service not offered




                                   Withdrawal physical securities from book-entry system             Not applicable




                                                                                                                                                                         Table III pt. 4 & Table   Investor
                                   Registration Services                                             Securities Pledges                                                                                                        Pledging, releasing of Securities, modification of the terms of the pledge
                                                                                                                                                                         VIII pt. 8-9




                                   Registration Services                                             Securities' Freezes                                                 Free of charge                                        Freeze of Securities due to Court Order




                                                                                                     Transfer of securities from the Special Account to Operators                                  Investor
                                   Registration Services                                                                                                                 Table VIII pt. 10                                     Transfer of securities to Operators from the Special Account
                                                                                                     Accounts



                                                                                                     Registration of Securities due to inheritance and transfers
                                                                                                                                                                         Table III, pt 1/1.1 (a+b) Investor ( Beneficiary of
                                   Registration Services                                             executed outside the Exchange (Article 23)                                                                                Transfer of Securities held in CSD at the End Client Level.
                                                                                                                                                                         and pt 1/1.2 (a+b)        Inheritance )



                                                                                                                                                                                                                               Fee for keeping the securities in Special Account which is paid in a quarter
                                                                                                      Keeping Securities in the Special Account (valid as from                                                                 basis in case the value of the Special exceeds €3.000. In case there is a
                                   Registration Services                                                                                                                 Table III pt. 6           Intermediary
                                                                                                     1/7/2010)                                                                                                                 transfer of securities from the Special Account there is a one-off payment
                                                                                                                                                                                                                               fee.

                                                                                                                                                                                                   Investor ( Beneficiary of
                                   Registration Services                                             Release blocked securities                                          Table III pt. 7                                       Release of blocked securities in order to be sold
                                                                                                                                                                                                   Inheritance )




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                         Cyprus Stock Exchange                                                                                                                                                                                                                                                                        Services Conversion table




Clearing and Settlement
                                    Verification                                                           This service is not charged separately                                                                                     This service is part of the Clearing and Settlement process
(including verification)

                                    Settlement netting                                                     Free of charge                                                                                                             Netting is allowed only for cash

                                                                                                           Stock Exchange transfer of
                                                                                                             - Shares
                                                                                                                                                                          Table III pt.3 ,              Investor                      Cash Settlement at the operators' level and Securities Settlement at end
                                    Clearing and settlement for Stock Exchange transactions                  - Warrants
                                                                                                                                                                          Table II pt. 17               (both parties)                client level
                                                                                                             - Rights
                                                                                                             - Bonds

                                                                                                                                                                          Free of Charge, Table II,                                   The service includes change of Account Operator for any end-client that is
                                                                                                           Change of Account Operators ( for the same end-client)
                                    Own account transfers                                                                                                                 pt.11, note 1             Intermediary                      kept with CSD, free of charge for: any number of securities or ISINS, any
                                                                                                           Change of Account Operators ( for tranfer to other operator)
                                                                                                                                                                          Table II, pt.11,                                            number of Account Operators involved, any number of times


                                                                                                                                                                                                                                      Spot 1 and Spot 2 are pre-agreed transactions through which a member
                                                                                                                                                                                                        Investor
                                    Other                                                                  Fail trades (Spot 1 & Spot 2)                                  Table III pt. 3                                             buys securities in order to cover its obligation to deliver securities to the
                                                                                                                                                                                                        (both parties)
                                                                                                                                                                                                                                      settlement system (as a result of a fail trade).

                                                                                                           Registration of (disentemediated) OTC transfers
                                                                                                                                                                          Table XII, pt. 1, (i), (V),                                 Registration of the transfer and proof that the transaction has been
                                    Registration for OTC transactions DvP or FoP                           -Shares,                                                                                     Investor (Both parties)
                                                                                                                                                                          notes 1-4                                                   executed to third parties.
                                                                                                           -Bonds


                                                                                                           Registration of FOP OTC transfers
                                                                                                                                                                                                                                      Registration of the FOP transfer and proof that the transaction has been
                                    Registration for OTC transactions DvP or FoP                             - Shares,                                                    Table XII, pt. 1,(V)          Intermediary (Both parties)
                                                                                                                                                                                                                                      executed to third parties.
                                                                                                             - Bonds and Debentures


                                                                                                           Registration of DvP OTC transfers
                                                                                                                                                                          Table XII, pt. 1, (V),                                      Registration of the DvP transfer and proof that the transaction has been
                                    Registration for OTC transactions DvP or FoP                             - Shares,                                                                                  Intermediary (Both parties)
                                                                                                                                                                          note 4                                                      executed to third parties.
                                                                                                             - Bonds and Debentures

                                                                                                           Charge per instruction in case of                                                                                          Charge for amending the settlement instruction for:
                                                                                                             - Transfers                                                                                                                - Trade transfers or trade splits for any type of a settlement instruction
                                    Other                                                                    - Split                                                      Table II, pt. 11              Intermediary                    - Cancellation on trade transfers or trade splits for any type of a
                                                                                                             - Cancellations                                                                                                          settlement instruction
                                                                                                               from Account operators

                                    Ability of the Operator to transfer the obligation for Settlement to
                                                                                                           Free of charge
                                    another operator

Securities Lending and
                                    Fail related SLB                                                       Not applicable
Borrowing


                                    Other                                                                  Very soon will be introduced ( as OTC trade)




                                    Collateral management related to collateralisation of central bank                                                                                                                                The Central Bank has a special Role as Operator in the CSD and performs
Collateral management                                                                                      Free of Charge
                                    liquidity                                                                                                                                                                                         Collateral Management




                                                                                                                                                                          Regulatory
                                                                                                                                                                                                                                      Management of the Fund that is owned by the CSE Members. The Fund is
                                    Management of Guarantee Funds                                          Members' contributions to the Joint Guarantee Fund             Administrative Act            Other
                                                                                                                                                                                                                                      used to guarantee daily clearing for all trading Members of CSE.
                                                                                                                                                                          396/2006




                                    Risk Management                                                                                                                       Free of charge                Operators                     Calculation of Members trading limits / Guarantee levels


                                                                                                                                                                                                                                      1.On-line connection of Member for the provision of data on client
                                                                                                                                                                                                                                      orders,     transactions     and      trading     account balances,
Communication                                                                                                                                                             Table VIII pt.1 ,                                           2. On-line connection of an issuer with the Central Securities
                                    Technical communication set-up and maintenance                         CSD on line connection with issuers and members                                              Issuer & Intermediaries
(note: not in Code)                                                                                                                                                       Table IX pt.1, 2                                            Depository and the Central Registry system for the provision of
                                                                                                                                                                                                                                      information, 3. One - off fee for on line connection within Cyprus,
                                                                                                                                                                                                                                      4.On - line connection fee for the provision of data


*                                    Is always an Account Operator of CSE
    Intermediary :




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Guidelines for completion conversion table
General
                             Please put your entity's name in the header of the table and on the worksheet tab
Column 1                     The list of services corresponds to the one from the Code of Conduct and uses the Commission definition (if any). The Commission definitions are repeated in worksheet 3
Column 2                     Provides guidelines on which subsections belong to the defined services. As the list is not exhaustive, the "other" category may need to be used.
Column 3                     The table should at least include tariff captions that related to domestic equities. CSDs can decide to cover all asset classes
                             All captions of the tariff (related to domestic equities) should be introduced in the table; if they cannot be allocated to a specific service, introduce them in the "other" category
                             If you combine various tariff captions into one entry (e.g. because otherwise too many lines appear), clarify this
                             To the extent possible, ensure that you use exactly the same wording as the text in your tariff brochure
Column 4                     Use column 4 to make the link to the tariff brochure as clear as possible
Column 5                     Specify to whom the fees are charged. Four possibilities: issuers (or their agent), intermediaries, end investor and other
Column 6                     Optional. Includes short service description, explanation of acronyms, or a reference to service description documentation


Guidelines related to services
                             Reporting charges should be included in the relevant service caption, not in the other category
                             If a certain line of the table is not applicable to your CSD, please complete with "service not offered" or "service not charged for separately"
Account provision and        Should include all standard charges that are related to opening and maintaining securities accounts (e.g. membership fees, minimum fees, annual fees, etc) as well as holding and administrating securities
Asset servicing              on those accounts including special event driven as

Establishing securities in   Includes services to issuers in the issuance (redemption/cancellation) of their securities as well as the deposit (withdrawal) of physical securities; the other category may include registration services (if
book-entry form              applicable)

Clearing and Settlement
                             Should at least include domestic, internal settlement. CSDs may decide to also include external settlement .
(including verification)

Securities Lending and
                             This caption should includes all types of SLB but makes the difference between fail related SLB and other forms of SLB offered
Borrowing

                             Should include all collateral management services but make the difference between collateral management related to central bank liquidity provision and other collateral management services
Collateral Management
                             as well as services (operational, risk management, etc) related to running guarantee-type of funds for their members or third parties

Communication                Includes technical set-up and maintenance of communication network; can also include (re-)charges of network provider fees
Other                        Other section should contain all services that cannot be classified in the above categories so that all captions of tariff brochure are shown in conversion table
Services                                     Commission definition
Account provision                            The maintenance of securities accounts

                                             The initial representation and subsequent maintenance of securities in book-entry form through initial credits and
Establishing securities in book-entry form   subsequent credits or debits to securities accounts, on the basis of: (a) the information provided by the issuer or its agent;
                                             or (b) the number of physical securities on deposit

                                             Securities administration activities performed for others , e.g. processing of corporate actions, tax reclaims and portfolio
Asset Servicing
                                             valuation

Deposit                                      The storage of physical securities on behalf of others
                                             The process of comparison and reconciliation of transaction or settlement details, to ensure that there is agreement on
Verification
                                             these details

                                             The process of establishing settlement positions, possibly including the calculation of net positions, and the process of
Clearing
                                             checking that securities, cash or both are available


                                             The act of crediting and debiting the transferee’s and transferor’s accounts respectively, with the aim of completing a
Settlement
                                             transaction in securities

				
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