JSE CSC case studies
JSE CSC · Put your knowledge to work in context.
The Caribbean Securities Trader is one of the programmes and courses listed by the Jamaica Stock Exchange eCampus, the online learning arm of the Jamaica Stock Exchange, whose office is at 40 Harbour Street, Kingston, Jamaica. On the eCampus site it appears alongside the Post-Graduate Diploma in Financial Services Management, the Post-Graduate Certificate in Compliance and Information Governance, the Chartered Governance Qualifying Programme and The Director's Strategic Guide to Corporate Governance and Leadership. The JSE CSC case studies are 5 cases and about 4,198 words.
1Building a 27x-ADV Position in a Junior Market Name
Meridian Securities, a licensed broker-dealer, receives a written instruction from a pension fund client to acquire 300,000 shares of a Junior Market manufacturer. The stock last traded at J 9.85; the sixty-session average daily volume is 11,000 shares and the free float is roughly 12%.
855 words, about 4 min2Matched Cross, a Month-End Mark and a Performance Fee
Harbour View Asset Management runs a J 3.4bn pooled fund whose annual performance fee is triggered when the fund beats its benchmark. The fund holds 500,000 units of a listed preference share that trades infrequently: bid J 2.05, offer J 2.20, last sale J 2.10 three weeks ago.
827 words, about 4 min3Allocating a 2.4x Oversubscribed Corporate Bond
A licensed broker-dealer is selling agent for a J 2.0bn five-year corporate bond issued by a listed conglomerate. The book closes at J 4.8bn of orders - 2.4 times the issue.
829 words, about 4 min4A Rights Issue on a Concentrated Margin Account
A client's margin account at a broker-dealer carries a debit balance of J 3.6m secured by 800,000 shares of a listed distribution company valued at J 6.50 - collateral of J 5.2m and equity of J 1.6m. The firm's maintenance requirement is 25% of the value of pledged securities.
824 words, about 4 min5Structured Cash Deposits and an Offshore Remittance
An account opened four months ago for a hardware and building-supplies business has received six weekly cash deposits between J 380,000 and J 420,000, each made at a different branch, each just under the amount branch staff have been trained to treat as reportable. The funds have been used to buy listed blue-chip equities in three tranches.
863 words, about 4 min