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The Recent Developments of the Libyan Stock Market

The Recent Developments of the Libyan Stock Market. Presented by: Mr. Suliman Salem Al-Shohomy Chairman of The Libyan Stock Market. AMEDA 9 TH MEETING ALEXANDRIA, EGYPT 26 th April 2009. LIBYAN STOCK MARKET ( LSM ) Overview. LIBYAN STOCK MARKET ( LSM ) Since The End of 2008.

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The Recent Developments of the Libyan Stock Market

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  1. The Recent Developments of the Libyan Stock Market Presented by: Mr. Suliman Salem Al-Shohomy Chairman of The Libyan Stock Market AMEDA 9TH MEETING ALEXANDRIA, EGYPT 26th April 2009

  2. LIBYAN STOCK MARKET ( LSM ) Overview

  3. LIBYAN STOCK MARKET ( LSM ) Since The End of 2008

  4. LIBYAN STOCK MARKET ( LSM ) 2009

  5. LISTINGS

  6. Central Depository and Registry Department Shareholders' Lists Unit Membership and Data Unit Dividend Distributions Unit Pledging of Securities Unit Inheritance Unit Securities Accounts Unit Custodian Unit Clearing And Settlement Unit Customer Services Unit

  7. Central Depository and Registry Department Settlement of executed trades, Corporate Actions (the distribution of cash dividends and bonus shares, the capital increase or decrease, merger ..... etc.) in accordance with the resolutions of the General Assemblies of the issuing companies. Issuing a unified code for the investor, and LOCAL AND ISIN CODES F THE SECURITIES. Keeping records of shareholders and managing it on behalf of the issuer and issuing an updated registry upon request. Statements of accounts issued at the request of the client (investor)

  8. REGISTERY

  9. Registered Companies

  10. Registered Companies

  11. SERVICES DELIVERED BY:

  12. TRADING • Launching the Electronic Trading in 03-April-2008 with an opening index of 1000 points. • Trading is done through the brokerage firms. • Establishment of a Settlement Guarantee Fund mitigate potential risks.

  13. LSM INDEX

  14. LSM 2008 Major Indicators

  15. 2008 Trading Volumes and Values

  16. Most Active Companies in 2008

  17. CLEARING & SETTLEMENT

  18. CLEARING & SETTLEMENT Before SD, the buying broker has to feed his settlement account in the clearing bank with the total sum of his purchases . Settlement and clearing is done at the LSM headquarter. The clearing bank has an office at the LSM’s HQ and when it’s time for settlement, the clearing bank sends an employee to the office to execute any of the department’s instructions and provides banks statements. S&C takes place at t+2 3:00 pm and by then the clearing bank provides the central depository and registry department bank statements of all of the brokers’ settlement accounts. Settlement guarantee fund is put in place to mitigate any potential risks. Once the settlement is done, the department gives instructions to the clearing bank with regards to debiting the buying broker’s account and crediting the selling broker’s account.

  19. Registry System Registering Shareholders Depository and Registry Requirements Central Depository and Registry Department Depositing of Shares Depository System Issuer Issuance of Local and ISIN Codes Unique Code Request Issuance of Unique Code Investor

  20. Controlling Dep. Custodian Custodian Buying Investor Selling Investor Trading Dep. 2 2 Broker Broker 1 1 3 3 TRADE EXC. 10 5 4 9 Clearing Bank Clearing Bank 7 Registry & Depository Dep. 6 6 8 8 SETTLEMENT CUARANTEE FUND

  21. LINKAGE WITH PARTICIPANTS

  22. Any Questions? 22

  23. Thank you Mr. Suliman Salem Al-Shohomy Chairman of The Libyan Stock Market Tripoli-Libya.  alshahomy@lsm.gov.ly www.lsm.gov.ly

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