The CSX: Profile of a Leader
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| Operational since July 1997, the CSX has approved for listing over 400 new issues in the first three years of operation, attracting companies established both in Cayman and internationally. The exchange has enjoyed an average annual growth rate in listings of 57%, and by end of the second quarter of 2001 market capitalisation stood at CI$29.9 bn (US $35.6 bn). |
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| The CSX was originally set up to provide a listing facility for Cayman’s specialist products, mutual funds and debt securities. Since then, the CSX has expanded its facilities for listing of derivative warrants, depositary receipts and, more recently, eurobonds. The CSX also provides a secondary listing facility and an offshore trading venue in the North American time zone for companies listed and traded on another recognised exchange. Domestic companies may also list and trade on the Exchange. | |
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| The CSX has developed sophisticated listing rules, tailored to meet the needs of issuers and to accommodate the latest sophisticated structures and products. The emphasis is on the disclosure of all relevant information without imposing unnecessarily onerous conditions. | |
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CSX
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The CSX’s professional staff ensures a responsive service from an experienced and highly qualified team who understands the complexities of the specialist products listed on the Exchange. Guaranteed turnaround times for comments on listing documents ensure a fast and efficient service.
Publication of all listed issuers’ price and other information on the CSX’s dedicated Bloomberg facilities, and on the Internet, ensures transparency for the investor and guarantees visibility for the issuer at all times. The CSX’s listing fees are highly competitive. There is an initial listing fee, payable upon application for listing, and an annual fee, payable upon each listing anniversary. A schedule of fees is included at the back of this brochure. The result ? The world’s leading financial institutions have listed their products on the CSX, and the exchange is recognised by the major market players as a ‘blue chip’ listing environment that provides investors with the necessary degree of regulation and comfort they seek when making investment decisions. |
