Philippine Stock Exchange, Inc. · PSE:PSE

Philippine Stock Exchange — The Philippine Stock Exchange — Investor Presentation (July 2017)

17 slides from Philippine Stock Exchange's investor presentation, July 2017

  1. Slide 1: Rules on Dollar Denominated Securities

    Rules on Dollar Denominated Securities Training Session

  2. Slide 2: Outline

    Outline  Background  Listing Requirements  Trading Dollar Denominated Securities  Fees  Updates

  3. Slide 3: Background

    Background  Dollar Denominated Securities (“DDS”) are securities listed, traded and settled in US dollars.  The DDS shall be a different asset class from the issuer’s existing listed shares at the Exchange.  DDS is different from the dollar denominated trading facility, which allowed quotation of

  4. Slide 4: Objectives

    Objectives  To provide issuers the flexibility to meet their capitalization requirements  Alternative investment instrument for investors with US dollar deposit accounts  To attract offshore investors and reduce their currency risk exposure

  5. Slide 5: Listing Requirements

    Listing Requirements Issuer must be an existing listed company Issuer is required to engage at least two Eligible Brokers Requires BSP approval

  6. Slide 6: Trading DDS: Board Lot and Price Fluctuation

    Trading DDS Board Lot and Price Fluctuation Tick Size Price (in USD) Lot Size (in USD) From To DOWN 0.99 0.01 100 1.00 4.99 0.01 20 5.00 9.99 0.01 10 10.00 19.98 0.02 10 20.00 49.95 0.05 10 50.00 99.95 0.05 5 100.00 199.90 0.10 5 200.00 499.80 0.20 5 500.00 999.50 0.50 5 1,000.00 UP 1.00 5

  7. Slide 7: Trading DDS: Eligible Brokers

    Trading DDS Eligible Brokers  Attend a training session  Must be operationally ready to trade DDS  Comply with SCCP requirements on settlement and collateral accounts  Obtain the consent of its clients to the disclosure of their names to the SEC, if said information is requested by the SEC in th

  8. Slide 8: Trading DDS: Eligible Brokers

    Trading DDS Eligible Brokers  As of July 18, 2017, the following eleven (11) TPs are qualified as eligible brokers to trade DDS:  AP Securities Incorporated  Armstrong Securities, Inc.  Astra Securities Corporation  BA Securities, Inc.  BDO Securities Corporation  Mandarin Securities Corporat

  9. Slide 9: Trading DDS: Name-on-Central-Depository

    Trading DDS Name-on-Central-Depository  In accordance with the SEC’s Directives on DDS dated April 6, 2017, the SEC mandated NoCD arrangement for all DDS transactions.  NoCD is a depository facility of segregating client holdings lodged with the PDTC into individual sub-accounts reflecting the nam

  10. Slide 10: Trading DDS: Name-on-Central-Depository

    Trading DDS Name-on-Central-Depository  Eligible Brokers are required to secure the consent of its clients to disclose their names under NoCD arrangement prior to purchasing DDS.  The SEC noted that the NoCD accounts and master list shall be accessed by the Commission if said information is reques

  11. Slide 11: Trading DDS: Name-on-Central-Depository

    Trading DDS Name-on-Central-Depository  Based on the PDTC operating guidelines on DDS, a minimum of 24 hours is required before a newly created NoCD Client Sub- account can be used to hold securities.  Existing depository fees shall be applied for DDS.  PDTC maintenance fees shall be in the same

  12. Slide 12: Trading DDS: Block Sales

    Trading DDS Block Sales shall comply with the minimum transaction value:  Five Hundred Thousand US dollars (USD500,000.00) for regular Block Sales  One Million US dollars (USD1,000,000.00) for special Block Sales

  13. Slide 13: Trading DDS: General Trading Policies

    Trading DDS General Trading Policies  A TP may aggregate orders for DDS upon order entry  Reference Price for DDS shall be the same as the Reference Price for other Securities.  The Trading Threshold shall apply to the trading of DDS.  The Opening and Closing Price calculation in the Normal Mark

  14. Slide 14: Trading DDS: General Trading Policies

    Trading DDS General Trading Policies  DDS can be traded in the Odd Lot Market.  The value limit per Order set by the TP for each of its traders shall also apply to DDS. Orders for DDS will be converted into Philippine peso using previous day’s Exchange Rate.  Done-through trades for DDS shall onl

  15. Slide 15: Trading DDS: End-of-Day Reports

    Trading DDS End-of-Day Reports  There will be a separate section in the TP trade reports (e.g. CTF, DTR, ABC, Purchases and Sales) for DDS transactions.  DDS transactions shall be included in the Market End-of- Day reports generated by the Exchange.

  16. Slide 16: Fees

    Fees  All applicable fees and penalties shall be paid in Philippine pesos.  When conversion from USD is needed, as in the case of trading and settlement fees, the Philippine-peso value shall be computed daily on transaction date using the PDEx closing USD exchange rate.  Taxes applicable to peso

  17. Slide 17: Thank you!

    Thank you! Please follow us on: Download: @PhStockExchange PSE EDGE Mobile App Visit: The Philippine Stock Exchange, Inc. PSE Academy www.pseacademy.com.ph © The Philippine Stock Exchange, Inc. (PSE). All rights reserved. This document is a property of the PSE and cannot be used or reproduced, distr

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