JSE issues apology for the incorrect meta description on broker search

JSE Limited (“JSE) was alerted to an incorrect meta description automatically generated by search engines when searches relating to the JSE in relation to company information is performed. This resulted in the JSE’s awareness campaign relating to a cautionary pop-up on the JSE website regarding investment scams being displayed in search results.

The JSE has implemented technical measures to remedy the incorrect description.

We sincerely apologise for the error and in the event that you require any further information in respect of the remedial actions implemented or the JSE to clarify the incorrect search results, please contact [email protected].

The role of the JSE Clearing and Settlement division - Cash Bonds Market:

The Clearing and Settlement division performs the role of the settlement authority as required by the JSE rules and directives. It ensures that trades dealt in Cash Bond Securities listed on the JSE and executed on Nutron are settled accordingly.

The functions of the JSE Clearing and Settlement division - Cash Bonds Market:

This team p​rovides settlement assurance for trades dealt in Cash Bond Securities listed on the JSE.

The division performs the role of the settlement authority as required by the JSE Rules and directives in ensuring that trades dealt in Cash Bond securities listed on the JSE executed on Bonds trading are settled in accordance with the principles of T+3 rolling contractual settlement

In providing this assurance, the team performs the following functions for central order book (COB) trades executed on the Bond Market:

  • Monitoring Bond settlements.
  • Performing securities and money lending and borrowing as lender of last resort.
  • Rolling of settlements.
  • Fails trade management procedures (give-ups).

In providing this assurance, the team performs the following functions for report only trades executed on the Bond Market:

​Inward listings reporting across the markets

Monitoring Bond settlements.

  • Facilitating SARB reverse repos.
  • Facilitating process of exclusions.
  • Monitoring of settlement, corrective and same-day windows

The Clearing and Settlement division performs the role of reporting on all the trades done for all the markets for Inward Listed instruments (equities, bonds, derivatives and commodities).

The team performs the following functions:

  • Keeps an updated record of all Inward listed instruments for all the markets on the website.
  • Ensure data displayed has all the relevant information of the client trading
  • Report monthly stats to SARB

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