Dutch Caribbean Securities Exchange

Last updated
Dutch Caribbean Securities Exchange
This is the latest & final logo of the Dutch Caribbean Securities Exchange.jpg
TypeLocal & International Securities Exchange
Location Willemstad, Curaçao, Kingdom of the Netherlands
Founded2009
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] It is a platform where companies can register for funding, and investors can choose companies in which to invest. The DCSX is focused on servicing startups and small and medium-sized enterprises.

Contents

Structure

The DCSX Foundation functions as the self-regulatory direct supervisory body that assures that the 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.

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. 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. [2] 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 Curacao and Sint Maarten. 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.

Custodian

The DCSX custodial bank is Vidanova Bank N.V. [3] Vidanova Bank N.V.’s majority shareholder (with an equity ownership of > 80 %) is the Vidanova Pension Fund in Curacao.

Participating companies

DCSX members

DCSX Listing Advisors

DCSX Brokers

Affiliations

See also

Related Research Articles

<span class="mw-page-title-main">Netherlands Antilles</span> 1954–2010 Caribbean constituent country of the Netherlands

The Netherlands Antilles, also known as the Dutch Antilles, was a constituent Caribbean country of the Kingdom of the Netherlands consisting of the islands of Saba, Sint Eustatius, and Sint Maarten in the Lesser Antilles, and Aruba, Curaçao, and Bonaire in the Leeward Antilles. The country came into being in 1954 as the autonomous successor of the Dutch colony of Curaçao and Dependencies, and it was dissolved in 2010, when like Aruba in 1986, Sint Maarten and Curaçao gained status of constituent countries within the Kingdom of the Netherlands, and Saba, Sint Eustatius, and Bonaire gained status of special municipality of Netherlands as the Caribbean Netherlands. The neighboring Dutch colony of Surinam in continental South America, did not become part of the Netherlands Antilles but became a separate autonomous country in 1954. All the territories that belonged to the Netherlands Antilles remain part of the kingdom today, although the legal status of each differs. As a group they are still commonly called the Dutch Caribbean, regardless of their legal status. People from this former territory continue to be called Antilleans in the Netherlands.

<span class="mw-page-title-main">De Nederlandsche Bank</span> The Netherlands central bank

De Nederlandsche Bank is the Dutch member of the Eurosystem and has been the monetary authority for the Netherlands from 1814 to 1998, issuing the Dutch guilder. Since 2014, it has also been the country's national competent authority within European Banking Supervision. It was originally founded by King William I, and has been since transformed into a state-owned public limited company.

<span class="mw-page-title-main">Financial regulation</span> Rules or restrictions for financial institutions

Financial regulation is a broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk, which implies that the failure of financial firms involves public interest considerations; and information asymmetry, which justifies curbs on freedom of contract in selected areas of financial services, particularly those that involve retail clients and/or Principal–agent problems. An integral part of financial regulation is the supervision of designated financial firms and markets by specialized authorities such as securities commissions and bank supervisors.

<span class="mw-page-title-main">Willemstad</span> Capital and the largest city of Curaçao

Willemstad is the capital and largest city of Curaçao, an island in the southern Caribbean Sea that is a constituent country of the Kingdom of the Netherlands. It was the capital of the Netherlands Antilles prior to that entity's dissolution in 2010. The historic centre of the city consists of four quarters: the Punda and Otrobanda, which are separated by the Sint Anna Bay, an inlet that leads into the large natural harbour called the Schottegat, as well as the Scharloo and Pietermaai Smal quarters, which are across from each other on the smaller Waaigat harbour. Willemstad is home to the Curaçao synagogue, the oldest surviving synagogue in the Americas. The city centre, with its unique architecture and harbour entry, has been designated a UNESCO World Heritage Site.

<span class="mw-page-title-main">Hushang Ansary</span> Iranian-American politician and businessman

Hushang Ansary is an Iranian-American former diplomat, businessman, and philanthropist. He served for eighteen years in the Iranian government prior to the Iranian Revolution including as Minister of Economic Affairs and Finance and Iran's Ambassador to the United States from 1967 to 1969. He has been chairman or director of companies both in Iran and in the United States.

<span class="mw-page-title-main">CIBC Caribbean</span> Barbadian subsidiary of CIBC

CIBC Caribbean is a financial services company based in Barbados and the Caribbean subsidiary of the Canadian Imperial Bank of Commerce (CIBC). The bank was founded in 2002 as FirstCaribbean International Bank through the merger of the Caribbean operations of Barclays Bank and CIBC, and in March 2006 both CIBC and Barclays announced that Barclays wished to exercise their option to exit the Caribbean venture completely resulting in CIBC gaining majority-control of the bank. In June 2011, it was announced the bank would be renamed CIBC FirstCaribbean Bank "to be more closely aligned to the CIBC brand, while still maintaining the FirstCaribbean name and local identity." The name was then later changed CIBC Caribbean in January 2024. The majority of the bank's revenues are generated by its operations in Barbados, the Bahamas and the Cayman Islands.

<span class="mw-page-title-main">Netherlands Antillean guilder</span> Currency of Curaçao and Sint Maarten

The Netherlands Antillean guilder is the currency of Curaçao and Sint Maarten, which until 2010 formed the Netherlands Antilles along with Bonaire, Saba, and Sint Eustatius. It is subdivided into 100 cents. The guilder was replaced on 1 January 2011 on the islands of Bonaire, Saba and Sint Eustatius by the United States dollar.

<span class="mw-page-title-main">Caixa Geral de Depósitos</span> Portuguese public banking institution

Caixa Geral de Depósitos (CGD) is a Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876.

The Royal Bank of Trinidad and Tobago (RBTT) was a commercial bank based in Trinidad and Tobago and one of the largest commercial banking corporations in the Caribbean region. As of 2008, RBTT Holdings had a group asset base of over US$6.2 billion dollars. The RBTT group of companies operated several commercial banking businesses in other neighbouring islands, as well as various investment holdings in various parts of the Trinidad and Tobago economy. On 26 March 2008, RBTT Shareholders voted 98.18 percent in favour of selling the bank to the Royal Bank of Canada (RBC), who previously had divested the bank in 1987. On 16 June 2008, RBC completed the acquisition. RBTT Financial Holdings Limited and RBC Holdings Limited, a subsidiary of RBC, will amalgamate and continue as a wholly owned indirect subsidiary of RBC. The head office of the Caribbean operations for RBC will be located at Port of Spain, the capital of Trinidad and Tobago, and the site of RBTT's headquarters.

Insel Air was a Dutch Caribbean carrier that served as the national airline of the island of Curaçao. It was headquartered in Maduro Plaza, Willemstad. Insel Air last served five destinations throughout the Caribbean, South America. Its fleet consisted of Fokker 50 aircraft. The airline had a hub at Hato International Airport in Curaçao.

<span class="mw-page-title-main">Central Bank of Aruba</span>

The Central Bank of Aruba is the central bank in Aruba responsible for implementation of monetary policy of the Aruban florin.

<span class="mw-page-title-main">Central Bank of Curaçao and Sint Maarten</span>

The Central Bank of Curaçao and Sint Maarten is the central bank for the Netherlands Antillean guilder and administers the monetary policy of Curaçao and Sint Maarten. The bank dates to 1828 making it the oldest surviving central bank in the Americas.

<span class="mw-page-title-main">Kingdom of the Netherlands</span> Sovereign state including the Netherlands

The Kingdom of the Netherlands, commonly known simply as the Netherlands, is a sovereign state consisting of a collection of constituent territories united under the monarch of the Netherlands, who functions as head of state. The realm is not a federation; it is a unitary monarchy with its largest subdivision, the eponymous Netherlands, predominantly located in Northwestern Europe and with several smaller island territories located in the Caribbean.

<span class="mw-page-title-main">Van Lanschot Kempen</span>

Van Lanschot Kempen N.V. is a specialised, independent wealth manager that provides private banking, investment management and investment banking services to wealthy individuals and institutions. It is headquartered in 's-Hertogenbosch, the Netherlands. With a history dating back to 1737, it is the oldest financial institution in the Netherlands and the Benelux and the tenth oldest financial institution in the world.

<span class="mw-page-title-main">Banking in Austria</span>

The banking system in Austria plays a pivotal role in the country's economy, ensuring financial stability and providing essential services to both individuals and businesses. The Austrian banking system is characterized by a three-tier structure, consisting of joint-stock banks, savings banks (Sparkassen), and cooperative banks.

The Caribbean guilder or Caribbean florin is a planned currency of Curaçao and Sint Maarten, two constituent countries of the Netherlands, officially slated for introduction in 2025. It is divided into 100 cents. The Caribbean guilder is set to replace the Netherlands Antillean guilder (ANG) at par and be pegged to the U.S. dollar. The currency has an official launch scheduled for 31 March 2025 and will become the sole legal tender in the countries after 30 June 2025.

The economy of Curaçao is a high income economy, as defined by the World Bank. The island has a well-developed infrastructure with strong tourism and financial services sectors. Shipping, international trade, oil refining, and other activities related to the port of Willemstad also make a significant contribution to the economy.

<span class="mw-page-title-main">Dutch Caribbean</span> Caribbean part of the Kingdom of the Netherlands

The Dutch Caribbean are the New World territories, colonies, and countries of the Dutch Empire and the Kingdom of the Netherlands located in the Caribbean Sea, mainly the northern and southwestern regions of the Lesser Antilles archipelago.

<span class="mw-page-title-main">Maduro Holding</span> Holding company of Maduro Group, in various industries

Maduro Holding B.V. is the holding company of the Maduro Group, a Dutch Caribbean business with interests in shipping services, logistics, and real estate.

Maduro & Curiel's Bank (MCB) is a private Dutch Caribbean bank and financial services provider headquartered in Willemstad, Curaçao, that operates 23 branches and specializes in insurance brokerage, consumer banking, trust, private banking and corporate management services.

References

  1. "DCSX - Dutch Caribbean Securities Exchange" . Retrieved July 24, 2017.
  2. "CBCS - Central Bank of Curaçao and Sint Maarten" . Retrieved July 24, 2017.
  3. "Vidanova Bank" . Retrieved July 24, 2017.
  4. "Home page | World Federation of Exchanges". World-exchanges.org. Retrieved 2013-09-08.