Beware of "JSE Investment" scams

The JSE Limited/ Johannesburg Stock Exchange (JSE) is aware of a several scams (on Telegram and WhatsApp) posing as authorised JSE investment schemes and/or using the names(s) of JSE Executives (including our CEO, Leila Fourie).

In these investment scams, potential investors are urged to deposit money into a bank account and promised quick and guaranteed returns on their investment. These types of groups are not authorised by the JSE and the investments referred to are not authorised or endorsed by the JSE or any members of the JSE Executive. The JSE does not recruit investors in this manner.

The only way to invest on the JSE is via an authorised JSE stockbroker. A list of stockbrokers can be found on www.jse.co.za and then click on 'find a stockbroker' and you will find a list of stockbrokers in your area who will help you to open an account and you can begin your investment journey with the JSE.

Should you suspect a false investment scam group, please report these to the JSE at [email protected].

The JSE is proud to bring the first South African Interest Rate Swap Future to the market. This has been a long consultative journey and ultimately the JSE is delivering the markets' product of choice.

G20, Basel III and OTC market regulation have not only increased the need for clearing of standardised OTC instruments but have increased the need for complementary on-exchange instruments. Client demand for a swap-style product offering on exchange drove the JSE to begin product development late 2013.

The JSE will launch this product on Monday, 31 August 2015. The product will be available for trading on the JSE on the Interest Rate and Currency trading platform. Participants will need to trade through an authorised Interest Rate Derivatives member of the JSE and the product will be cleared through JSE Clear. Participants will only require standard futures documentation. The advantage of this is that market participants can operate within familiar ecosystem and infrastructure. The JSE will list four tenors on launch, namely the 1, 2, 5 and 10 year tenors and hope to expand this list over time.

The standard interest rate swap future that is being launched is based on the Eris Methodology™ and has been licensed from Eris Exchange, a U.S.-based futures exchange group. The JSE and Eris Exchange announced a Swap Futures partnership on 15 April 2015. The standard IRS Future product will be based on the Johannesburg Interbank Agreed Rate (JIBAR) and denominated in South African Rand (ZAR). The product will follow the standard South African swap market conventions while using the Eris Methodology™, allowing the contracts to replicate the cash flows of OTC swaps.

The JSE will use a portfolio VaR framework to determine the amount of initial margin participants should post for position in the swap futures product suite, instead of the J-SPAN framework that is used for all other futures. Portfolio level initial margin will thus recognize the offsets associated with trading long and short positon across the curve ​​​​​

Disclaimer

Eris products listed on JSE are based on the Eris Methodology™, Eris’ product design for constructing capital-efficient futures that incorporates intellectual property, expertise and patent-pending innovations.