We are proud to announce that on March 5, 2010, the Minister of Finance of the Netherlands Antilles granted an exchange license to the Dutch Caribbean Securities Exchange N.V. (DCSX).
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The DCSX is an international exchange for listing and trading on the island of Curaçao. The DCSX provides a time- and cost-efficient, transparent listing for international and regional corporations and investment funds, becoming an important alternative to the Anglo-Saxon legal and regulatory framework of the regional exchanges in other jurisdictions. |
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The DCSX in Curacao offers several advantages over other jurisdictions. Among these:
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- Curacao offers a cost-efficient financial and legal services environment (one-stop shop for company/fund domiciliation, management, administration, custodian, listing and trading services)
- Curacao is an OECD- and FATF-accepted jurisdiction (white-listed)
- Curacao has a solid regulatory regime following Dutch principles (AFM) and the Dutch (Antilles) legal and court system
- Curacao has good connections and cooperation with regional exchanges
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In 1992, the Amicorp Group formed a company named Curaçao Securities Exchange Services N.V. (CSES), which has been and continues to be a driving force in the think tanks and task forces of the DCSX. As a shareholder, member, listing advisor (LAD) and broker of the DCSX, Amicorp is committed to the success of the DCSX and aims to remain the number one service provider for all services in connection with the exchange. CSES has already filed for the first listings, which will be published shortly. |
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Besides local IPOs and debt securities listings, typical prospective CSES clients are small and medium European businesses seeking alternative sources of capitalization, (Latin) American funds wishing to expand their investors’ potential, Asian entrepreneurs, and family / consortium businesses worldwide looking for privacy and simplified distribution of shares. |
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Actual trading is scheduled to begin in the second quarter of 2010.
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The above-mentioned examples illustrate several reasons for listing on the DCSX. It satisfies a need for wealth management (asset protection and estate planning) and it offers the possibility to attract new equity and expand businesses. A listed investment on the balance sheet provides banks the collateral they require. Furthermore, a listing gives access to the institutional investors’ market. Finally, the official exchange status and the regulations of the Netherlands Antilles authorities may well result in international tax advantages. |
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Not only local entities but also foreign operating companies can be listed directly on the DCSX (depending on the home country’s regulations), and the exchange offers the possibility to trade in different currencies.
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The DCSX accepts listings only through listing advisors and trading through selected brokers.
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Amicorp’s Curaçao Securities Exchange Services N.V. provides complete guidance regarding listing and trading on the DCSX, and distinguishes between services in connection with the initial stage (the actual listing) and those services provided on an ongoing basis. |
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