Trading — Frequently Asked Questions (FAQs)
ESE All Share Index: 460.11      ESE Market Capitalisation (SZL): 4,364,278,514      Bank Rate: 6.50      Prime Rate: 10.00      Inflation: 5.50      USD/SZL: 17.11      GBP/SZL: 20.97      CAD/SZL: 12.58      EUR/SZL: 18.07      CHF/SZL: 18.33      JPN/SZL: 0.1254     
GRYS: 320cps       INALA: 140cps       NED: 1,365cps       RSC: 1,520cps       SBC: 890cps       SEL: 3,700cps       SWP: 790cps      
Home     Trade     Frequently Asked Questions (FAQs)

Trading — Frequently Asked Questions (FAQs)

Considerable care has been taken to make certain that the information presented in this publication is accurate and representative of the facts as they really are. Readers are advised to consult specialists on the actual situation.

How to invest in securities?

Having decided to invest in securities that are listed on the ESE, investors must then choose a stockbroker.

What is a stockbroker?

A stockbroker is an ESE member firm and is licensed by the FSRA to buy and sell securities on the ESE on behalf of investors.

What are the requirements for opening an account with a Stockbroker?

In order to open an account with a stockbroker you will be required to produce the below:

  • A National Identification Card/Passport.
  • A document showing proof of physical address, e.g., a lease agreement with a landlord, title deeds to a property.
  • Two passport sized photos.
  • Bank statemen/Income Sources.
When is the ESE open for business?

The ESE trades on business days Monday to Friday excluding public holidays. Trading occurs all day from 8am until 4pm.

What is a Securities Account?

A securities account is an account opened by an investor through a Depository Participant (Stockbrokers, Transfer Secretaries, Banks or Custodians) in the CSD System. The account holds all the securities owned or held by an investor.

What is the “T+3” trading system?

The “T+3” trading system is the three-day process required for a transaction involving shares to settle. Literally translated, it stands for “Transaction + 3 Business days”. In the case of debt securities, “T+0” is the trading system. In other words, the transaction settles on the same day as it takes place.

What recourse Do I have if I feel that my interests as the holder of ESE investment instrument are not being adequately represented?

You can lodge a complaint with the ESE. The ESE is empowered by the Securities Act and the Listings Requirements to ensure that the interests of investors are adequately protected.