Mr. Nigel Chanakira, CEO, Kingdom Securities Holdings Ltd., Zimbabwe

Holdings

Cash holdings

Investment Holdings Pie

In theory, as the economy picks up and interest rates begin to climb, central banks will simply pay higher interest rates on their reserves, so that they can finance their holdings of long term securities and shrink them slowly. But higher interest rates also imply large capital losses for central banks asset holdings.

Investment Holdings by Account

Investment Holdings by Type

Military holdings ultimo 1996.

The securities broker should have securities working qualification.

The securities firm should sign entrustment contracts with securities brokers who accept such entrustment, issue securities broker certificate, define authorized scope of securities broker and supervise working behavior of securities broker.

Without securities business license, the securities firm and its domestic branch shall not run securities business.

Securities...

Securities brokers should work within authorized scope of the securities firm and show securities broker certificates to customer.

3 Trade securities or maneuver securities market with insider information

(5) Securities service agencies provided services for a securities firm.

Background information related to Austrian holdings.

Military holdings ( quot nil quot report).

Article 56 Where a securities firm carries out securities lending and borrowing but does not have sufficient funds or securities, it can borrow from the securities financial companies.

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Securities brokers shall not handle securities subscription or trading for customers.

Although a link between the Fed s creation of reserves and the subsequent increase in spending remained, its magnitude changed dramatically. The Fed increased its securities holdings from less than 1 trillion in 2007 to more than 4 trillion today.

Article 41 A securities firm engaged in securities business for its own account is limited to trading of legally issued stocks, bonds, warrants, securities investment funds or other securities recognized by the securities regulatory agency under the State Council.

1 Customers purchase of securities, settlement of securities trading or customers withdrawal

Article 20 If a securities firm has two or more kinds of securities brokerage business, securities assets management business, financing with capital and securities, securities underwriting, securities sponsors, its board should set up remuneration and nomination committee, auditing committee and risk control committee to perform rights prescribed in company regulation.

Military holdings (as of 1 May 2005)

Holdings for the calendar year of 1996.

These former State owned enterprises are known GLCs because the State still retains significant influence over their management control primarily through four State owned holding companies Temasek Holdings, Singapore Technologies, MinCom Holdings and MND Holdings.

1 Illegally buying securities issued by shareholder of the securities firm or other issuer with major relationship to securities firm against regulation

(ii) Securities Act

(g) Securities regulation

Article 32 A securities firm should establish information inquiring system to ensure customers inquiring entrustment record, trading record, securities and balance during business hours of the securities firm, as well as other information such as name, practice license of the business operator and securities broker of the securities firm, certificate number of securities broker, etc.

Article 26 If a securities firm and its domestic branch are engaged in securities business prescribed in Article 125 of the Securities Law, they should follow the Securities Law and provisions of this Regulation.

Article 38 If a securities firm is engaged in securities brokerage business, it can entrust staff outside of the securities firm as securities broker, engaging in attracting and providing service for customers as agent.

Securities account opened by the securities firm for securities assets management customer should be submitted to stock exchange for filing within 3 trading days.

Darkwood Logistics SAS Togo Gypaele Togo RM Holdings

However, the UNMIBH vehicle holdings averaged 834 vehicles.

Schedule 3. Cash holdings at 31 December 1997

The securities firm shall not provide customer s capital account and securities account to others.

Article 48 Securities lending and borrowing referred to in this article means that in the securities trading at the stock exchange or other securities trading places that have been approved by the State Council, securities firms lend capital or securities to customers for them to buy or sell securities based on the corresponding collaterals provided by the customers.

Article 44 If a securities firm is engaged in self run securities business, its risk controlling indicators such as ratio of total securities value and company net capital, ratio of value of one type of securities and net corporate capital, and ratio of quantity of one type of securities and total issuing quantity of this type of securities should comply with prescription of the securities regulatory agency under the State Council.

Article 50 A securities firm that carries out securities lending and borrowing business shall sign a securities lending and borrowing contract with the customer, and shall open a customer securities guarantee account with the securities registration and settlement organs, and a customer funds guarantee account with the designated commercial bank in the name of the securities firm in accordance with the provisions of the securities regulatory agency under the State Council.

Article 28 When the securities firm is entrusted by securities registration settlement agency to open securities account for customers, it should audit name and identity authenticity declared by customers according to management rule of securities account.

China Securities Regulatory Commission

a transaction involving securities

Article 32. Tender securities