Strate hosted its first Bonds Issuer Advisory Forum on 27 August in Johannesburg.
The main purpose of the forum was to provide issuers with an overview of the new Debt Instrument Solution that Strate will be implementing. Strate has partnered with Tata Consultancy Services, which is a globally recognised industry leader in their field. The benefits will include the introduction of a Securities Ownership Register (SOR) which will allow Strate to provide a greater level of detail of beneficial owner information, multiple settlement runs to enhance operational agility as well as a centralised information portal for all note/bond holders, to mention a few.
At our recent Cape Town Issuer Forum in September one of the key topics discussed was the inability to contact shareholders electronically due to the lack of email addresses provided in shareholder registers. Strate embarked on a data clean-up exercise with CSD Participants and approved nominees to address this concern. The Johannesburg Issuer Forum has requested the JSE to encourage brokers to provide email addresses for their underlying clients on the beneficiary download.
We thank you for your participation at these forums and urge you to let us know if you have any further topics you would like to discuss with us.