Stock Markets
Stock market: a set of mechanisms that connect the buyers and sellers of securities that have registration in the National Registry of Securities and Intermediaries and traded. This market is part of the financial system and the resources therein are captured by the issuer directly to investors, for which the securities representing debt or capital fractionated and placed through the stock exchange, so that each investor acquires certain liabilities or capital represented by a negotiable instrument, which confers rights on their investment.
Stock Exchanges
the origin of the Exchange as an institution dates from the late fifteenth century medieval fairs in Western Europe. In this exhibition began the practice of securities transactions and securities. The term "bag" appeared in Bruges, Belgium, particularly in the banking family Van burl, in whose palace was organized securities market. In 1460 the Exchange was established in Antwerp, which was the only major market in the modern sense. Subsequently, the London Stock Exchange created in 1570, in 1595 the Lyon, France and in 1792 New York, marking the first in the Americas. These were consolidated after the rise of corporations.
the origin of the Exchange as an institution dates from the late fifteenth century medieval fairs in Western Europe. In this exhibition began the practice of securities transactions and securities. The term "bag" appeared in Bruges, Belgium, particularly in the banking family Van burl, in whose palace was organized securities market. In 1460 the Exchange was established in Antwerp, which was the only major market in the modern sense. Subsequently, the London Stock Exchange created in 1570, in 1595 the Lyon, France and in 1792 New York, marking the first in the Americas. These were consolidated after the rise of corporations.
Stock Exchanges can be defined as organized and specialized markets in which securities transactions made through authorized intermediaries, known as brokerage firms or Post Exchange. Bags offered to the public and its members the facilities, machinery and technical tools that facilitate the trading of securities subject to public offering, at prices determined by auction. Depending on when a title entering the market, these negotiations will transact on the primary market or secondary market.
HISTORY OF THE STOCK EXCHANGE
Stock Exchanges ca
nbe defined as organized and specialized markets in which securities transactions made through authorized intermediaries, known as brokerage firms or Post Exchange. Bags offered to the public and its members the facilities, machinery and technical tools that facilitate the trading of securities subject to public offering, at prices determined by auction. Depending on when a title entering the market, these negotiations will transact on the primary market or secondary market.
ROLE
The main functions include the Stock Exchanges provide participants with accurate, objective, comprehensive and permanent valoréis companies registered in the stock, emissions and operations performed therein as well as oversee all activities in As for the strict adherence to regulations.
"It is a subsystem within the financial system and consists of a set of instruments or financial assets, financial institutions or intermediaries whose missions contact buyers and sellers in markets where different instruments are traded or financial assets.
-mating system of automatic processing of purchase orders and sales of securities listed on the Stock Exchange.
"It is a subsystem within the financial system and consists of a set of instruments or financial assets, financial institutions or intermediaries whose missions contact buyers and sellers in markets where different instruments are traded or financial assets.
-mating system of automatic processing of purchase orders and sales of securities listed on the Stock Exchange.
JEWELS OF THE STOCK MARKET:
-An innovative way to access securities trading nationally and internationally, without the need for large capital, or have sophisticated accounts abroad.
"These are securities that give their holders the benefits of a trust consisting of a portfolio of bonds denominated in Bolivars and issued by the Republic.
"These are securities that give their holders the benefits of a trust consisting of a portfolio of bonds denominated in Bolivars and issued by the Republic.
-PEARLS
Shares are tradable investment trust in international bonds of the Republic, but issued in U.S. $
Like its predecessors, are equity securities of an investment trust shares of nine international companies representing an equal number of global economic activities.
Like its predecessors, are equity securities of an investment trust shares of nine international companies representing an equal number of global economic activities.
ACTIONS
Negotiable title character value that represents a percentage of ownership of the company issuing the title. / Share of capital of a corporation. / Who owns a share becomes part owner of the company. / The shares are issued by companies to raise capital.
The shares represented at the Caracas Stock Exchange are divided as follows:
The shares represented at the Caracas Stock Exchange are divided as follows:
Joint Action: Basic form of ownership of a corporation, which generally gives a shareholder vote. Is itself a title representative of the shareholder contribution to capital of the company, possessing the same characteristics and granting equal rights to its holders.
Golden Share: The name of this so that action with special voting rights that give the holder a special power over other shareholders. This term applies especially to the shares held by some governments after privatization.
Registered share: It is issued to the owner, which may be transferable to the delivery of the action to be duly endorsed by the holder.
Preferred stock: Title representative of shareholder capital contribution to society that gives its owner certain privileges, whether on voting, on the dividend to be collected or on the share of the assets upon liquidation.
The Caja Venezolana de Valores has as its primary mission the provision of clearing and settlement services for those securities registered in the country's stock market traded and OTC (the movement of the ownership of the securities), custody and managing them, using their resources optimally to meet the needs of a stock market free, responsive, transparent, competitive, self-regulating, with the ability to adapt to technological change and trade, ensuring reliability.
Subsequently, the service provided for the settlement of securities transactions and OTC (the movement of means of payment).
It is a private entity with legal personality, legally established on 23 April 1992 with the Commercial Register of the First Judicial District of the Federal District and Miranda State, created by the stock exchanges established in the country, Financial Institutions, Companies Insurance, Reinsurance, Securities Companies and Intermediaries Issuers who have different interests but consistent about the need to promote an efficient stock market.
In recent years, the Venezuelan securities market has evolved significantly and to improve efficiency, transparency and minimize the risk to holders of Securities, legal reacted with improvements such as the enactment of the Box Securities Act on Collective Investment Institutions and the establishment of legal rules for Risk Assessment and Mutual Funds; technologically with the launch of the Automated System for Securities Transactions (SATB), most recently with the establishment of a new Electronic Stock Exchange of Venezuela and structurally with the creation of the CVV Caja Venezolana de Valores, This positions the Venezuelan market as a market securities more attractive to foreign investors.
For the successful implementation of the CVV Caja Venezolana de Valores, a set of recommendations that were the result of working groups such as the so-called "Group of Thirty," the conclusions of the sub-Committee on Clearing and Settlement of the Iberoamerican Federation of Stock Exchanges "FIABV" and conclusions of the study commissioned by Citibank regarding the market.
On 20 November 1996, the board of the National Securities Commission Resolution No. 285-96 authorized the creation and operation of the CVV Caja Venezolana de Valores and the November 29, 1996, begins operations with equity securities, with the CANTV. the first title transferred value through CVV Caja Venezolana de Valores.
Subsequently, the service provided for the settlement of securities transactions and OTC (the movement of means of payment).
It is a private entity with legal personality, legally established on 23 April 1992 with the Commercial Register of the First Judicial District of the Federal District and Miranda State, created by the stock exchanges established in the country, Financial Institutions, Companies Insurance, Reinsurance, Securities Companies and Intermediaries Issuers who have different interests but consistent about the need to promote an efficient stock market.
In recent years, the Venezuelan securities market has evolved significantly and to improve efficiency, transparency and minimize the risk to holders of Securities, legal reacted with improvements such as the enactment of the Box Securities Act on Collective Investment Institutions and the establishment of legal rules for Risk Assessment and Mutual Funds; technologically with the launch of the Automated System for Securities Transactions (SATB), most recently with the establishment of a new Electronic Stock Exchange of Venezuela and structurally with the creation of the CVV Caja Venezolana de Valores, This positions the Venezuelan market as a market securities more attractive to foreign investors.
For the successful implementation of the CVV Caja Venezolana de Valores, a set of recommendations that were the result of working groups such as the so-called "Group of Thirty," the conclusions of the sub-Committee on Clearing and Settlement of the Iberoamerican Federation of Stock Exchanges "FIABV" and conclusions of the study commissioned by Citibank regarding the market.
On 20 November 1996, the board of the National Securities Commission Resolution No. 285-96 authorized the creation and operation of the CVV Caja Venezolana de Valores and the November 29, 1996, begins operations with equity securities, with the CANTV. the first title transferred value through CVV Caja Venezolana de Valores.
VENEZUELAN CASE VALUES
"These are instruments issued by the Venezuelan State to meet its payment obligations and investment in the public sector. These instruments allow the Venezuelan state to obtain the required capital through the offering of a competitive performance to attract potential investors who wish to channel their savings through this market. In the case of VEBONO, the Venezuelan State has used these instruments to pay a debt owed to the university teachers, funded through the issuance of such instruments. Bonds of National Public Debt is long-term instruments whose duration may vary according to the Venezuelan state estimate (in the case of the term of the instrument VEBONO is 3.5 and 4 years respectively). During this period the debt bonds typically pay interest every three (3) months, six (6) months or a year (in the case of VEBONO, they will pay the interest after three (3) months). This type of investment income ensures a continuous cash to its holder, until the expiration of term debt, the date on which the Venezuelan state refunded to the instrument holder, the amount of capital (100%) that it represents.
• The price of a VEBONO be determined by the Financial Market and will depend on investor preferences and expectations, the amount of money you have the financial market to invest and the expected coupon VEBONO pay, among others. Also influence the political and economic environment that affect the number of buyers and sellers. Because VEBONO are not equal to cash, but they represent an economic value, should be treated differently from a deposit account money, ie can not be deposited in one account. The VEBONO are electronic bearer securities. Thus, the Republic has signed an agreement with the Fund Venezolana de Valores (CVV) to be the company that manages the sole custody of such instruments to all holders and preserve its ownership control to avoid any fraudulent act.
• The price of a VEBONO be determined by the Financial Market and will depend on investor preferences and expectations, the amount of money you have the financial market to invest and the expected coupon VEBONO pay, among others. Also influence the political and economic environment that affect the number of buyers and sellers. Because VEBONO are not equal to cash, but they represent an economic value, should be treated differently from a deposit account money, ie can not be deposited in one account. The VEBONO are electronic bearer securities. Thus, the Republic has signed an agreement with the Fund Venezolana de Valores (CVV) to be the company that manages the sole custody of such instruments to all holders and preserve its ownership control to avoid any fraudulent act.
| NATURAL PERSONS | LEGAL PERSONS |
| Administrative Staff University Teaching Staff | Savings |
The bonds are backed by the Republic and therefore are considered debt
Sovereign, zero risk. This debt is a budgetary priority in public spending. On the other hand, VEBONO are electronically recorded in the account of customers in the CVV, the Central Bank of Venezuela. Importantly, people should not buy or sell
VEBONO in physical form without ensuring that the electronic custody has been transferred correctly from one to another fork, otherwise the Republic shall not pay interest or capital to the right fork.
Sovereign, zero risk. This debt is a budgetary priority in public spending. On the other hand, VEBONO are electronically recorded in the account of customers in the CVV, the Central Bank of Venezuela. Importantly, people should not buy or sell
VEBONO in physical form without ensuring that the electronic custody has been transferred correctly from one to another fork, otherwise the Republic shall not pay interest or capital to the right fork.
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