MERJ Dep was incorporated in 2012 in Seychelles. It is licensed as a securities facility pursuant to the Seychelles Securities Act, 2007 and regulated by the FSA. MERJ Dep provides securities registry and depository services for issuers of securities listed on MERJ Exchange.
MERJ DEP’s Services
MERJ Dep maintains an electronic securities ownership register of uncertificated securities for securities listed on MERJ Exchange. MERJ Dep records all successful transactions of eligible securities executed on MERJ Exchange and cleared through an approved securities facility participant, which includes MERJ Clear. The MERJ Dep electronic register ties in seamlessly with the MERJ Exchange Automated Trading System (ATS) and MERJ Clear’s clearing and settlement system. Thus, the securities ownership register is updated on a real time basis simultaneously with the trade being matched, securities accounts being updated and funds (cash) accounts being updated between the buyer and seller.
By having the Securities Ownership Register in an electronic format, issuers of securities listed on MERJ Exchange benefit from an accurate and real-time updated register of members with no outstanding securities transactions.
MERJ Dep can generate a variety of reports that allows the Issuer to get a snapshot or a full register of the securities held electronically in a number of formats such as a list of top registered security holders or a summary of security holders by country. Furthermore, MERJ Dep can provide a comparison of movement report that shows the change in shareholdings on a daily, weekly or monthly basis
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DLT Depository Services
MERJ Dep plans to roll out the following depository services for DLT (Distributed Ledger Technology) Assets in Q4 2019.
The MERJ Dep Rules provide that MERJ Dep may accept any “eligible assets” for deposit which is a pre-requisite for eligibility to listing and transacting on MERJ Exchange and for clearing and settlement by MERJ Clear.
Depository services are available for companies where the share register is maintained by a third-party registry service provider (i.e. not MERJ Dep) making both Seychelles and global issuers eligible to list their shares and other securities on MERJ Exchange even where we do not maintain the register..
Due to the uniquely risky nature of digital assets, MERJ is implementing a robust wallet and security solution with our partners to maintain custody and safekeeping of these assets.
MERJ Dep offers services designed to facilitate corporate action events on behalf of issuers which impact the securities ownership register such as the following:
- New Issues
- Initial Public Offerings
- Stock Splits or Reverse Stock Splits
- Private Placements
- Rights Issues and
- Reporting Service
MERJ Dep can generate a variety of reports that allows issuers of securities listed on MERJ Exchange to get a snapshot or a full register of the securities held electronically in a number of formats such as a list of top registered security holders or a summary of security holders by country. Furthermore, MERJ Dep can provide a comparison of movement report that shows the change in shareholdings on a daily, weekly or monthly basis or as may be requested by the issuer. For the provision of its services, MERJ Dep enters into an agreement with each issuer whose securities are listed on MERJ Exchange.
Rules & Directives
The MERJ Dep Rules and Directives lay out the governance framework of its registry and depository services.
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Global Securities & Digital Asset ExchangeGLOBAL MARKET FREEDOM
MERJ Exchange is an innovative end-to-end, multi-market global financial exchange for Equities, Debt and Derivatives. MERJ is soon to launch its digital assets and security token markets along with the opportunity to invest in MERJ Exchange.
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