Dutch Caribbean Securities Exchange

Dutch Caribbean Securities Exchange
Type Local & International Securities Exchange
Location Willemstad, Curaçao, Kingdom of the Netherlands
Founded 2010
Website dcsx.cw

The Dutch Caribbean Securities Exchange (DCSX) is a self-regulatory international Exchange for the listing and trading in domestic- and international securities [1]; simply put, it is a platform where companies can register to get funds, for instance for expansion, and investors can invest in these registered companies. The DCSX realizes that for the international business community to prosper, startups as well as small and medium-sized enterprises must be in the position to attract capital on a regulated and practically oriented exchange and to do so at fair costs. It is this startup and SME community that the DCSX is focused on servicing.[2]

In order to get your company registered, or listed, at the DCSX, you first need a Listing Adivsor of the DCSX. The Listing Advisor will guide you before, during and after the listing process, the process of your company's registration. [3]

Structure

Foundation

The DCSX Foundation functions as the self-regulatory direct supervisory body that assures that Management of the DCSX adheres to the processes as laid down in the Rules and Regulations. It is also the DSCX Foundation that needs to approve new members to the DCSX. The Board of the DCSX Foundation is composed of representatives of financial institutions and or other organizations whose interest it is that Curaçao has a well-functioning securities exchange.[4]

Corporation

The Board of Directors of the Exchange consists of the CEO, the President of the Board, the Treasurer of the Board and a few Board Members.[5] A Listing Committee is responsible for approving new listings on the Exchange. Arbitration is managed by an Appeals Committee.

Rules and regulations

The DCSX has a set of well-defined rules to regulate and supervise the market and its participants. The rules provide smaller companies with flexibility and easier access to an equity market while providing transparency and strong governance. The DCSX is a regulated membership organization, licensed by the Minister of Finance and supervised by the Central Bank of Curaçao and Sint Maarten. The DCSX follows Curaçao law, which is in concordance with Dutch Law. Final appeals of dispute are heard and decided at the Supreme Court of the Netherlands.

Supervision

The DCSX operates under full license of the Minister of Finance of the Curacao Government and is supervised by the Central Bank of Curaçao and Sint Maarten.[6] The supervision of the Central Bank comprises, among other things, ensuring transparency and business integrity, the proper administrative organization and internal control environment, and the adequate functioning of the securities market and exchange.[7]

Custodian

The DCSX custodial bank is Vidanova Bank N.V. Vidanova Bank N.V.’s majority shareholder (with an equity ownership of > 80 %) is the Vidanova Pension Fund in Curacao.[8]

Participating companies

DCSX Members

  • Algemeen Pensioen Fonds (APC)
  • WW Sec. & Trades B.V.
  • PSB Bank N.V.
  • Banco di Caribe N.V.
  • Curo Management Corp.
  • Amergeris Global Listing and Exchange Services N.V.
  • Guardian Group (Fatum Holding N.V.)
  • Stichting Korporashon pa Desaroyo di Korsou (Korpodeko)
  • Stichting Ontwikkeling Projecten Logestieke Sector (SLS)
  • Maduro & Curiel's Bank N.V.
  • Vidanova Bank N.V.
  • Stichting Vidanova Pensioen Fonds
  • Dutch Caribbean Securities (Limited) B.V.

DCSX Listing Advisors

  • Atlas Fund Services
  • Eclipse Management B.V.
  • Amergeris Global Listing and Exchange Services N.V.
  • Maduro & Curiel's Bank N.V.
  • Trustmoore (Curaçao) N.V.
  • SGG Management (Curaçao) Services
  • VanEps Kunneman VanDoorne
  • Vistra (Curaçao) N.V.
  • Shanghai Chucheng Investment Management Co., Ltd.

DCSX Brokers

  • Banco di Caribe N.V.
  • Amergeris Global Listing and Exchange Services N.V.
  • Maduro & Curiel's Bank N.V.
  • Vidanova Bank N.V.
  • WW Sec & Trades B.V.
  • Dutch Caribbean Securities (Limited) B.V.

Affiliations

The DCSX is a correspondent member of the World Federation of Exchanges.[9]

See also

References

  1. ↑ "DCSX - Dutch Caribbean Securities Exchange". Retrieved July 24, 2017.
  2. ↑ "Overview". Retrieved July 24, 2017.
  3. ↑ "Role of a LAD". Retrieved July 24, 2017.
  4. ↑ "DCSX Foundation". Retrieved July 24, 2017.
  5. ↑ "Board of Directors - DCSX - Dutch Caribbean Securities Exchange". Retrieved July 24, 2017.
  6. ↑ "DCSX - Dutch Caribbean Securities Exchange". Retrieved July 24, 2017.
  7. ↑ "Supervision Securities Exchange - Central Bank". Retrieved July 24, 2017.
  8. ↑ "History of Vidanova Bank - Vidanova Bank". Retrieved July 24, 2017.
  9. ↑ "Home page | World Federation of Exchanges". World-exchanges.org. Retrieved 2013-09-08.
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