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Panama Stock Exchange
Since its creation in 1990, the Panama Stock Exchange has been an important part of the development of Panama's role as a regional financial centre. Most transactions centre on government bonds. The exchange is the only dollar-based securities market in the region. The main corporate candidates for listing are the many companies of Central America and the northern countries of South America that have strong balance sheets but are too small to issue shares in New York. How Many Companies Listed on the Panama Stock Exchange?There are about 100 companies listed on the exchange. Trading turnover during 2004 was about US$3.5bn. Capitalisation of the 23 companies making up the Exchange's index was about US$4 bn at the end of that year.Shareholders in the Panama Stock ExchangeBolsa de Valores de Panamá, S. A., (the Panama Stock exchange) is a corporation organized under the Laws of the Republic of Panama. Its shareholder base is made up of the main local banks, including Banco Nacional de Panamá (National Bank of Panama) as well as commercial, insurance and industrial corporations and concerns, businessmen, professionals and stockbrokers.There is a Board of Directors, made up of nine principals and nine substitutes. Additionally, five committees oversee the Panama Stock Exchange: the Executive Committee, the Technical Committee, the Trading and Internal Regulations Committee, the Stock Market Operations Oversight Committee, the Audit Committee. The Panama Stock Exchange's operations are performed through qualified intermediaries who, with the PST's prior authorization, are entitled access to the floor when in session. These people or stockbrokers, act on behalf of corporations which have bought seats on the Exchange. Transactions can be cleared exactly three days after the transaction (t+3), or at Term whenever the parties agree to deliver the money or securities, or both, at a future date, within the limits set by the Board of Directors, notwithstanding the fact that the parties may decide to settle the operation before the expiration of the agreed term. Electronic TradingElectronic trading began to replace the open outcry system in 2003, and the Exchange now operates an electronic trading system with remote trading terminals for all SE seat holders. In certain special circumstances where the electronic system fails, the BVP has adopted open outcry trading norms for used on the floor with a physical presence of the participants.Are You Looking For A New Opportunity To Make Money?Are you interested in running your own company from anywhere in the world? Would you like to earn a 6 figure income and still have time for life? If so then get in contact.Leave Panama Stock Exchange and return to Home Page
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