About the fund

 Barriers, especially financial markets, including cases arising from the lack of discipline and stability, resulting from the failure of the parties involved in the operations on the stock to fulfill the obligations arising from these operations, which required a way to ensure the fulfillment of these obligations by requiring the parties involved in the processes of settlement or completion of the intervention deadlines for achieving stability and discipline, hence the idea of establishing a fund to ensure that these adjustments.
It is one of the criteria of international financial markets and the stock market keen on activating the role of Libya since the beginning of work by starting with the creation of an independent administration of the Fund on all measures and actions necessary to ensure the completion and settlement operations in a timely manner so as to ensure market stability and increase the volume of it.

The definition of Settlement Guarantee Fund:

It is a financial container to ensure the fulfillment of the obligations arising from securities, the Fund's membership includes all members of the settlement, which are directly on the settlement accounts of the Department of Central Depository and the clearing bank on their behalf or whether the expense of others and the capital of the Fund consists of contributions of member states, such as:
(Brokerage companies - and investment funds), which carried out the adjustment to their own accounts in banks approved the market clearing
To simplify assume that a process executing on the securities (stocks) on the day appointed by the intermediate and the other one of the seller and the buyer will be settled after three days of operation so that the customer receives the value of the shares and the seller receives the buyer's agent, according to a transfer of ownership of the shares, which is called the principle of delivery versus payment Normally the seller and broker the delivery of customer securities and replace process the client is the buyer's broker and the deposit amount of the settlement process, the calculation of its own and thus the process of transfer of ownership of shares of the buyer's agent and the transfer of the amount credited to the customer and intermediary seller, or if the failure of any of the facilitators to meet its obligations, Here interfere Settlement Guarantee Fund for the completion of the settlement in a timely manner
When the failure of an intermediary agent for the buyer's deposit of the value of the Settlement Guarantee Fund to intervene and pay the value of the operation of the mediator on behalf of the seller and the ownership of shares of the Fund and the broker is in violation of uncommitted and address so that the value of the obligation to pay and then will be refunded securities and converted it
And vice versa in the case of failure of an intermediary agent of the seller's delivery of securities Fund to ensure the completion of the transaction and the median follow-up so uncommitted to meet its obligations.


 

Objective of the Security Fund

1. Ensure the implementation of the settlement of financial obligations resulting from paper-based or trading in the stock market.
Through the establishment of the Fund to settle all the processes that have not committed members settled on the settlement

2. Increasing the volume of transactions in the securities market
(Through market traders confirmed the positive role of the Settlement Guarantee Fund to the stability and discipline in the market transactions).

3. To encourage foreign investment deal in the financial markets
(Through the application of international standards to ensure access to their rights in the schedule).

Bank Account Details

Account data bank Settlement Guarantee Fund
Account name (Settlement Guarantee Fund / the Libyan Stock Market)
Trade and Development Bank account number (733 333) Agency Fwyhat Benghazi
Wahda Bank account number (238205110) Agency Tower FATEH


Telephone numbers of the Fund's management
Telephone numbers of the market floor, followed by the following internal numbers: (Benghazi 144) (Tripoli 1145)
(Fax Tripoli 00218214782490)

 

The goal of Settlement Guarantee Fund


1. Ensure the implementation of the obligations of the financial settlements or paper resulting from trading in the stock market.
(The settlement of all transactions that have not committed members settled on the day of settlement Through the Fund).


2. Increase the volume of trading in the Stock Market
(Through dealers in the market make sure of the positive role of the Settlement Guarantee Fund to the achievement of stability and discipline in the markettransactions).

3. Encourage foreign investment deal in the financial markets
(Through the application of international standards to ensure access to their rights in the schedule).


Account data bank Settlement Guarantee Fund
Account name (Settlement Guarantee Fund / the Libyan Stock Market)
Trade and Development Bank account number (733 333) Agency Fwyhat Benghazi
Wahda Bank account number (238205110) Agency Tower FATEH


Telephone numbers of the Fund's management
Telephone numbers of the market floor, followed by the following internal numbers: (Benghazi 144) (Tripoli 1145)
(Fax Tripoli 00218214782490)

 

 
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