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Investor
Guide
The
spread of brokerage firms throughout the Palestinian
territories facilitate investment in securities at the
Palestine Security Exchange (PSE), while saving the investor
a great deal of effort and cost. To start investment in
securities at PSE:
1. The prospective investor opens a securities account with
one (or more) brokerage firm which must be a member of the
PSE, whereby he or she signs an account opening agreement.
2. If the investor intends to sell certificated shares
issued by a PSE-listed company, he/she will have to submit
the ownership certificate to the member (broker) with whom
he/she lodged the trading account.
3. The member buys and/or sells in accordance with orders
initiated by the investor. Orders may be written or verbal
(over the telephone.) Verbal orders, however, will have to
be reconfirmed in writing.
4. The member charges predetermined fees for each
transaction carried out on behalf of the investor. Fees and
commission rates are set by the PSE and may not be exceeded
by Exchange members.
5. In case of securities purchase, the investor shall
receive a signed notification to that effect after
completion of settlement procedures by the CDS.
6. In case of a foreign investor, and to facilitate foreign
investment, attention is drawn to the fact that PSE signed,
in May 1999, an agreement with The British Bank of the
Middle East (a principal member of the HSBC Group.) In
accordance with the agreement, the HSBC provides custody and
clearing services to foreign investors.
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INVESTOR GUIDE
Signs an
account opening
agreement.
Submit the
ownership certificate.
Orders may be
written or Verbal
orders.
Member charges predetermined fees
for transactions.
Receive a
signed notification. |