Securities exchange in Curaçao goes live

September 11, 2009 6:50 AM

After a long period of anticipation, the Dutch Caribbean Securities Exchange (“DCSX”) is scheduled to be operational in the fall of 2009. The DCSX was incorporated on 5 May 2009. The DCSX is an international exchange organized under the laws of the Netherlands Antilles for the purpose of listing and trading domestic and international securities.

The DCSX is licensed by the Ministry of Finance of the Netherlands Antilles and regulated by the Central Bank of the Netherlands Antilles.

With this establishment, another important step was taken towards the realization of the long awaited exchange that provide a time- and cost-efficient listing for international corporations and investment funds, furnishing an alternative to the Anglo-Saxon regulatory requirements of the regional exchanges in other jurisdictions.

The mission of DCSX is to become an international securities exchange. DCSX will provide a time- and cost-efficient transparent listing for international and regional corporations and investment funds. Therefore, the Latin American market, such as but not limited to Brazil, Colombia, Chile, Argentina and Suriname, is the main target of the DCSX. However, also Dutch companies showed interest in the DCSX, while also interest from the United States of America has been noticed.

The concept of the new securities exchange is based on the conviction that the financial services industry of the Netherlands Antilles and Aruba have need of a centralized, full-service market place to access international financial services and the investment banking industry by providing a market for listing all but not limited to the following: offshore mutual funds, funds of funds, hedge funds, private tax and family asset protection funds, private capital, real estate finance, venture and mezzanine, finance funds, securities: equities, fixed income instruments, derivatives such as: collateralized mortgages, warrants. Such all in a structure offering a transparent, fair and orderly securities exchange with uniform, efficient and safe clearing and settlement practices.

Established in a trusted and internationally compliant jurisdiction, the DCSX, once operational, will operate in a sophisticated environment with ample professional presence, a state-of-the art infrastructure and pragmatic, flexible ‘civil law’ legislation which follows the latest international trends for regulation and supervision. The financial services industry of Curacao boasts decades of expertise in issuing public debt and other financial instruments for many of the world’s largest corporations.

The DCSX will offer transparency to the investor and will guarantees visibility to the issuer. The listing fees of DCSX will be highly competitive and the listing process predictable and pragmatic. Rules and regulations have been designed in accordance with global compliance practices, ensuring international acceptance of listed products and comfort to investors.

For more information please contact Reagan Celestijn at VanEps Kunneman VanDoorne. The DCSX website will go live once the DCSX is operational.

(Source: www.ekvandoorne.com)

September 11, 2009