Börse Helsinki

Auszug aus den Börsenusancen

Bitte beachten Sie, dass die angeführten Börsenusancen nur einen Auszug darstellen und sich ändern können. Die vollständigen Börsenusancen liegen direkt bei der Börse auf. Jegliche Haftung unsererseits im Zusammenhang mit den angeführten Börsenusancen ist ausgeschlossen.
 

Allgemeine Informationen
Börsenname Helsinki Stock Exchange
Börsensitzung 09:00 Uhr bis 17:20 Uhr Ortszeit
Versammlungsart Parkettbörse (Präsenzbörse)
Börsenart geregelte Finanzbörse
Kursnotiz Stück- und Prozentnotiz
Börsenwährung Euro
Limitarten Betrag
Bestens
Mögliche Limitzusätze -
Mögliche Gültigkeiten bis max. 90 Tage
Valuta Schlusstag + 2 Werktage

Börsenfeiertage

An folgenden Tagen findet kein Börsenhandel statt. Bitte beachten Sie, dass sich manche Feiertage vom Datum her verschieben können.
 

Datum Feiertag
1. Jänner New Year's Day
6. Jänner Epiphany
30. März Daylight Savings Begins
18. April Good Friday
21. April Easter Monday
1. Mai Labour Day
29. Mai Ascension
20. Juni Midsummer Eve
26. Oktober Daylight Savings Ends
24. Dezember Christmas Eve
25. Dezember Christmas Day
26. Dezember Boxing Day
31. Dezember New Year's Eve

Bitte beachten Sie auch die Orderrichtlinien!

MARKET:
Helsingin Arvopaperiporssi

(Helsinki Stock Exchange)
PO box 361
00131 Helsinki, Finland
Telephone: 358 9 616 671
Fax: 358 9 6166 7366

HOURS:
Opening of Trading 9:00-9:40 am
Initial Matching 9:40-10:00 am
Continuous Trading 10:00-8:00 pm
After-hours trading I 6:00-6:15 pm
After hours trading II is day after
*After hours trading II 8:30am-9am

TRADING SYSTEM:
Trading on the Helsinki Stock Exchange is fully automated. Trading is conducted in the HETI trading system which is used by brokers employed by trading members. On the Main List, trading starts at 9:30am with a pre-trading session during which the brokers enter their bids and offers into the system. From 10:20 to 10:30am the computer automatically matches the bids and offers entered during pre-trading. The bids and offers that have not resulted in deals are transferred into free trading. At 10:30am free trading begins and prices may vary. The brokers continue to feed in their bids and offers which the HETI system compares and automatically matches into deals. In free trading 2 different trading methods are in use: automated matching and the agreement procedure. In automated matching the system matches bids and offers into deals between brokers whenever 2 quotations meet. The system matches separately, at set intervals at the latest trading rate, bids and offers that are smaller than one round lot. In the agreement procedure, deals are entered in the system according to the regulations of the stock exchange. At the close of free trading, the daily price for all securities is fixed as the closing price for each share.
Free trading is followed by after-market trading during which the prices can no longer vary. Brokers conclude deals among themselves within the price limits determined during free trading. After-market trading is from 5:05pm to 5:30pm and for another 25 minutes the following morning beginning at 9:00am. The HETI system is open for trading in shares on the I-List from 9:30am to 6:00pm. Pre-trading is from 9:30 to 10:30am, free trading 10:30am to 3:00pm and after market trading 3:05pm to 6:00pm.
Restructuring of the Stock Exchange lists was effective October 19,1998. A new Main List replaced the Official List while the OTC List and Brokers' List merged into an I-List. A new NM-List provides an alternative for innovative technology-oriented growth companies. Companies can also now be quoted on a Prelist in preparation of going public. The new structure will not change the position of current listed companies. The exchange will transfer the current OTC and Brokers' List into the new I-List. The current Official List companies are required to fulfil the new listing requirements for the Main List within three years from implementation.

SETTLEMENT & TRANSFER:
Trades in shares are cleared centrally in the KATI clearing system of the stock exchange. The clearing period is 3 days after the transaction (T+3). The clearing and settlement is a rolling settlement and it is carried out on the delivery versus payment principle.
The address of HEX Ltd, Helsinki Securities & Derivatives Exchange, Clearing House is:
Keskuskatu 7
PO Box 926
00101 Helsinki, Finland
Tel: 358 9 13 12 11
Fax: 358 9 13 12 12 11

TYPES OF SECURITIES:
Shares, subscription rights, warrants, ordinary bonds, and debentures are traded on the Helsinki Stock Exchange.

LISTING REQUIREMENTS:
Companies seeking listing on the Main List must meet the following requirements:
- share capital of at least FIM 10 million.
- market value of FIM 200 million
- equity capital has sufficient profitability and ability to distribute dividends.
- the company has 3 audited sets of financial statements for accounting periods of at least 12 months each.
- The public holds a sufficient number of shares to be listed, however at least 25% of the share capital.
- the shares are freely transferable.

To be admitted to the I-List, a compnay must fulfill the following requirements
- share capital of at least fim 1 million.
- market value of FIM 20 million
- equity of at least FIM 2 million.
- the company is profitable and capable of paying dividends.
- 3 sets of audited financial statements for accounting periods of 12 months.
- shares are freely transferable.
- the company has made a market maker agreement.

The new NM-List is structured to be the meeting point of capital intensive growth companies. The minimum market value requirement will be FIM 10 million. The Prelist is available to companies preparing for listing. The Prelist will bring trading on a regulated market place accessible to a company that has announced its intention to seek stock exchange listing. The Exchange recommends that a security remain on the Prelist for no more than one year.

REPORTING REQUIREMENTS:
All listed companies are required to publish their annual accounts consisting of an income statement, a balance sheet and an annual report. A company must also publish either one interim report, covering the first 6 months of a fiscal year, or two reports covering 2 period of equal length. A listed company is also required to release announcements on the company's future outlook, preliminary information on annual accounts, dividends, changes in share capital, information on subscription of shares, market making agreements, business acquisitions, agreements on joint ventures, mergers and liquidation, changes in the company's management, quotation on another stock exchange, and any price sensitive information.

COMMISSION ON SECURITY SALES:
Commissions collected by brokers as the result of the sale of shares are a matter of negotiation between broker and client.

TAX IMPLICATIONS:
Both individuals and companies pay a tax of 28% on interest income, dividends, rents, and sales profit. For non-resident investors the withholding tax on dividend income of 29% is in most cases reduced by double taxation treaties.

IMPLICATIONS FOR FOREIGN INVESTORS:
The restriction on foreign ownership of Finnish companies were removed January 1, 1993.

INDICES:
The HSE began calculating its own share price index (HEX) in June, 1990. The HEX Index is calculated at two-minute intervals during trading and includes all share series quoted on the HSE. Share price indices are also quoted for the 20 most traded shares (HEX20) and separately for each business sector.

GENERAL INFORMATION:
The Helsinki Stock Exchange was founded in 1912. From 1935 the HSE was known as the silent exchange with an electro-mechanical quotation board. The HSE underwent major changes in the 1980s with a complete reorganization, a new improved set of rules and regulations and a fully automated trading system. The HSE, which had been a non-profit co-operative since 1984, was converted to a limited liability company in November, 1995. The Stock Exchange is supervised by the Financial Supervision, an authority operating in connection with the Bank of Finland. The Ministry of Finance approves the rules of the HSE.