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Bermuda Readies To Host ACSDA 2011 General Assembly
Hamilton, Bermuda – 21 February, 2011 – The Bermuda Stock Exchange (“BSX”) today announced that preparations to host the Americas’ Central Securities Depositories Association’s (“ACSDA”) General Assembly in March 2011 are nearing completion.
The BSX will act as host for the ACSDA 2011 General Assembly being held from 23rd thru 25th March, 2011, with attendees expected from the Americas, Europe, the Caribbean, South Africa and the Baltic States.
Highlighting the significance of the event to Bermuda, the Honourable Premier, Paula A. Cox will deliver the keynote address to the Assembly at 11.30 a.m. on Thursday, 24th March, 2011.
ACSDA is a non-profit organization comprised of 25 Central Securities Depositories and Clearing Houses from North, Central and South America, the Caribbean and South Africa. Founded 1999 and headquartered in Lima, Peru, ACSDA’s main purpose is to be a forum for the bilingual exchange of information and experiences in English and Spanish among its members. ACSDA fosters a spirit of mutual cooperation and promotes best practice recommendations in services, such as securities depository, clearance, settlement, and risk management.
Mr. Neville Caines, BSX Operations Manager, said: “This is an excellent opportunity to further improve the Capital Market infrastructure in Bermuda and build upon the relationships and alliances forged within ACSDA.” Key topics to be discussed at this years General Assembly include shortening the equity settlement cycle moving to T+2, taking action on asset servicing XBRL’s plan for corporate actions, and emerging business models within the industry.
Leading sponsors for this event to date include:
Business Bermuda Ltd.; The Ministry of Business Development & Tourism; HSBC Bermuda Ltd.; Thomas Murray Ltd., ACSDA, Euroclear, Clearstream, BNY Mellon, Omgeo, Nasdaq/OMX, Swift, Broadridge, Banco Itau, American Airlines and TeleBermuda Ltd.
For further information on ACSDA visit http://www.acsda.org or contact Neville Caines at the BSX via info@bsx.com