presented by: leigh daniel, head of client relations date: september 2010
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PRESENTED BY: Leigh Daniel, Head of Client RelationsDATE: September 2010
Strate Ltd
Services to Unlisted and Listed Companies
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
3
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
4
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
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
5
Strate – Salient Features
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
6
Core & Value added Services offered by Strate
7
Statistical Data – end July 2010
Equities Bonds Money MarketsAssets under custody (Rands) R 4,2 trillion R 1,077 trillion R 433,4 billionTotal number of trades 2 041 396 33 320 869Total number of settlements 437 573 31 569 (on market) 2650Value of settlement (Rands) R 411 billion R 1,85 trillion R 239 billionCorporate events / actions 162 303 161
Questions
Thank you
Leigh BevisHead of Client Relations
Strate Ltd011 759 5466
leighb@strate.co.za
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