Cristina C. Ponce EnrileChairman – JAKA Securities Corporation Juan Ponce C. Enrile, Sr.Board Member – JAKA Securities Corporation Katrina C. Ponce EnrilePresident / CEO – JAKA Securities Corporation Kara P. E. RhounimiTreasurer – JAKA Securities Corporation Juan Rodrigo Ponce EnrileBoard Member – JAKA Securities CorporationRoy Anthony S. OretaCorporate Secretary – JAKA Securities Corporation Cathleen Elizabeth L. CothayAssistant Corporate Secretary – JAKA Securities Corporation Ariel Salvador H. MagnoIndependent Director – JAKA Securities Corporation Cathleen Elizabeth L. CotayIndependent Director – JAKA Securities Corporation
Allan T. FloresGeneral Manager – JAKA Securities Corporation Arturo SaysonAssociated Person – JAKA Securities Corporation Rommel LucianoTrader – JAKA Securities Corporation Linda JoseAccountant – JAKA Securities Corporation Erica MallareJunio Cashier – JAKA Securities CorporationConnery GonzalesOnline Administrator – JAKA Securities Corporation
JAKA Securities Corporation strictly upholds the privacy and value of your personal information. We are committed in securing and protecting your personal data in accordance to the rules and regulations of the Data Privacy Act of 2012.
JSC processes and collect your personal, sensitive and privileged information to be able to perform and provide all of its services as a security brokerage, comply with rules and regulations of the Data Privacy Act of 2012 and other legitimate purposes.
What personal Information do we collect?
JSC collects the following personal, sensitive and privileged information provided by you and through publicly available resources in relation to the services provided by the company.
Personal information includes name, age, sex, nationality, civil status, name of spouse, place of birth, location/address, email address, telephone and mobile number, biometric information, contact information, government id’s, details of your profession and annual income, identification information of related or third parties included in the documents submitted to us such as organizational or incorporation documents , authorized signatories and their specimen signature, latest financial statement of the company, and information coming from our websites to analyze your visits and all personal information required by JSC to know-your customer, due diligence and joining process.
Purpose of collecting Personal Information
JAKA Securities Corporation collects, uses, processes, stores, transmits, shares, analyzes, copy, retains, deletes personal, sensitive and including privileged information and other similar processing of your Related Parties’ Personal as defined by the Data Privacy Act of 2012 to:
The Company uses Personal Data collected for purposes of (a) complying with the laws, rules and regulations issued by PSE, CMIC, SCCP, SEC, and other government agencies, (b) for the purpose effectively performing its day to day operations as securities broker dealer, (c) providing services stated in the contract with the data subject,
(d) know-your-customer and (e) for documentation purposes.
Storage and Retention of Personal Information
The Company shall ensure that Personal Data under its custody, whether in paper or electronic format, are protected against any accidental or unlawful destruction, alteration, and disclosure, including against any other unlawful processing. The Company implements appropriate security measures in storing collected Personal Data, depending on the nature of the information, and Personal Data whether in paper or electronic format will be safely destroyed through secure means, after the lapse of the retention period provided by law, rules or regulations, or as determined by the Company.
Processing of Personal Data
The Company, in the processing of personal information, implements and observes the following applicable provisions of Section 12 of the DPA which provides: “The processing of personal information shall be permitted only if not otherwise prohibited by law, and when at least one of the following conditions exists:
a) The data subject has given his or her consent;
b) The processing of personal information is necessary and is related to the fulfillment of a contract with the data subject or in order to take steps at the request of the data prior to entering into a contract;
c) The processing is necessary for compliance with a legal obligation to which the personal information controller is subject;
d) The processing is necessary to protect vitally important interests of the data subject, including life and health;
e) The processing is necessary in order to respond to national emergency, to comply with the requirements of public order and safety, or to fulfill functions of public authority which necessarily includes the processing of personal data for the fulfillment of its mandate; or
f) The processing is necessary for the purposes of the legitimate interests pursued by the personal information controller or by a third party or parties to whom the data is disclosed, except where such interests are overridden by fundamental rights and freedom of the data subject which require protection under the Philippine Constitution. (Underscoring supplied)
g) The processing is necessary for the compliance of all regulatory requirements mandated by law or agencies that govern the industry.
h) The processing is necessary to efficiently perform the company’s operations and provide all of its services as mandated in the contract.
In the processing of sensitive personal information, the Company implements and observes the following applicable provisions of Section 13 of the DPA which states that: “The processing of sensitive personal information and privileged personal information shall be prohibited, except in the following cases: a) The data subject has given his or her consent, specific to the purpose prior to the processing, or in the case of privileged information, all parties to the exchange have given their consent prior to processing;
b) The processing of the same is provided for by existing laws and regulations: Provided, that such regulatory enactments guarantee the protection of the sensitive personal information and the privileged information: Provided, further, the consent of the data subjects are not required by law or regulation permitting the processing of the sensitive personal information or the privileged information;
c) The processing is necessary to protect the life and health of the data subject or another person, and the data subject is not legally or physically able to express his or her consent prior to the processing;
d) The processing is necessary to achieve the lawful and noncommercial objectives of public organizations and their associations: Provided, that such processing is only confined and related to the bona fide members of these organizations or their associations: Provided, further, that the sensitive personal information are not transferred to third parties: Provided, finally, that consent of the data subject was obtained prior to processing;
e) The processing is necessary for purposes of medical treatment, is carried out by a medical practitioner or a medical treatment institution, and an adequate level of protection of personal information is ensured; or
f) The processing concerns such personal information as is necessary for the protection of lawful rights and interests of natural or legal persons in court proceedings, or the establishment, exercise or defense of legal claims, or when provided to government or public authority.
To Whom the company may share your data?
JSC strictly upholds the privacy and value of your personal information. We do not allow your personal data or any information regarding your related parties to be shared with any other third parties except to those persons or entities necessary for the proper and complete execution of the services offered and declared or as required by its regulating bodies, authorized by or under the law:
JSC’s various units, offices and departments, third party Service providers, contractors, agents, any entity or person where the company is obligated or required to make disclosure for the purpose of any legal process or as mandated by the government agencies, law authorities, court orders, self-regulatory of industry bodies or associations, regulators, insurers, trustees, depositories, trade repositories, central clearing parties, clearing houses, affiliated or unaffiliated providers of outsourced or other services, legal, tax, and other professional advisers and auditors of JSC.
CONSENT and WARRANT
By accepting this agreement, I fully authorize and give consent to JAKA Securities Corp (JSC) to collect, use, process, store, transmit, share, analyze, copy, retain, delete personal, sensitive and including privileged information for the purpose(s) described in this document. Also I authorized JSC use the information provided to evaluate and make judgment on me based on the services that I am acquiring for. Please make sure that you have completely read and understood the terms before signing.
You also authorize the company to disclose your information to the parties mentioned in this document for the purposes of:
Efficiently perform and execute all its services and obligations in accordance with its corporate policies as a security brokerage firm to its Online and Traditional clients
Perform its day to day business operations effectively.
Comply with all the regulatory requirements mandated by law and all the regulatory bodies that govern the industry.
From time to time, it may be necessary for the Company to revise this document. Any revision made to this document shall be communicated via posting in the Company website or via email. Any change will not be applied and will not alter how the Company handles previously collected personal data without obtaining your consent, unless required by law.
Definition of Terms
The DPA and its IRR define the following:
a) “Data Subject” – refers to an individual whose personal, sensitive personal or privileged information is processed by the organization. It may refer to officers, employees, consultants, and clients of this organization.
b) “Personal Information” – – refers to any information whether recorded in a material form or not, from which the identity of an individual is apparent or can be reasonably and directly ascertained by the entity holding the information, or when put together with other information would directly and certainly identify an individual.
Examples of Personal information are: name, home or office address, email address, birth date, birth place, telephone number, place of work, gender, location of an individual at a particular time, IP address, country of citizenship, citizenship status, payroll and benefits information, and other identifying information.
c) “Personal Data” – Part of the Pre-Open Period and is also called the No Cancellation Period; any modification or cancellation done by the TPs will be rejected by the system
d) “Personal information processor” – refers to any natural or juridical person qualified to act as such under this Act to whom a personal information controller may outsource the processing of personal data pertaining to a data subject.
e) “Processing” – – refers to any operation or any set of operations performed upon personal information including, but not limited to, the collection, recording, organization, storage, updating or modification, retrieval, consultation, use, consolidation, blocking, erasure or destruction of data.
f) “Privileged information” – refers to any and all forms of data which under the Rules of Court and other pertinent laws constitute privileged communication.
g) “Sensitive personal information” – refers to personal information:
(1) About an individual’s race, ethnic origin, marital status, age, color, and religious, philosophical or political affiliations;
(2) About an individual’s health, education, genetic or sexual life of a person, or to any proceeding for any offense committed or alleged to have been committed by such person, the disposal of such proceedings, or the sentence of any court in such proceedings;
(3) Issued by government agencies peculiar to an individual which includes, but not limited to, social security numbers, previous or current health records, licenses or its denials, suspension or revocation, and tax returns; and
(4) Specifically established by an executive order or an act of Congress to be kept classified.
Examples of sensitive personal information are: banks and credit/debit card numbers, websites visited, materials downloaded, any other information reflecting preferences and behavior of an individual, grievance information, and leave of absence reason.
h) “Services”– Refer to all acts performed by the company, departments, officers, employees, and representatives of the JAKA Securities Corporation in pursuance with the primary and secondary purposes the company under the Articles of Incorporation as well as the following services offered and provided by the JSC through various products, channels, or platforms such as online securities stock trading , mobile app stock trading, traditional stock trading and other related services.
WHAT ARE STOCKS?
Stocks are shares of ownership in a corporation, when you become a stockholder or shareholder of a company, you become part-owner of that company. WHAT ARE SECURITIES?
Securities are proof of one’s ownership or indebtedness in a company. Examples of securities are treasury bills and commercial papers, which are considered as short-term and are traded in the money market; and stocks and bonds, which are long-term and traded in the capital market. Securities are easily bought and sold in the stock market.
WHAT ARE THE TYPES OF SECURITES THAT I CAN BUY IN THE STOCK MARKET?
Most of the issued listed in the PSE are common stocks. Other type of securities such as preferred stocks, warrants, PDRs and bonds are also traded.
1. Common Stocks – Theses are usually purchased for participation in the profits and control of ownership and management of the company. Holders of common stocks have voting rights. They are also entitled to an equal pro rata division of profits without preference or advantage over another stockholder. However, they have the last claim on dividends and are the last to collect in case of corporate liquidation.
2. Preferred Stocks – Its name is derived from preference given to the holders of these stocks over holders of common stocks. Holders of preferred stocks are entitled to receive dividends, to the extent agreed upon, before any dividends are paid to the holders of common stocks. However, preferred stocks have usually have a specified limited rate of return or dividend and a specified limited redemption and liquidation price.
3. Warrants – A corporation can also raise additional capital by issuing warrants. A warrant, normally issued on a detachable basis, allows its holders the right but not the obligation, to subscribe to new shares at a set price during a specified period of time. It is usually provided free of charge and traded separately in the securities market.
4. Philippine Deposit Reciepts (PDRs) – A PRD is a security which grants the holder the right to the delivery or sale of the underlying share, and to certain other rights including additional PDR adjustment to the terms or upon the occurrence of certain events in respect of rights issues, capital reorganizations, offers and analogous events or the distribution of cash in the event of a cash dividend on the shares. PDRs are evidences or statements nor certificates nor certificates of ownership of a foreign/foreign-based corporation. For as long as the PDRs are not exercised, the shares underlying the PDRs are and will continue to be registered in the name of and owned by and all rights pertaining to the shared shall be exercised by the issuer.
5. Small-Denominated Treasury Bonds (SDT-Bonds) – The SDT bonds are long-term and relatively risk-free debt securities issued by the Bureau of Treasury (BTr) of the Republic of the Philippines. The bond is a certificate of indebtedness of the Republic of the Philippines to the owner of the SDT-bonds.
WHERE CAN I BUY OR SELL SHARED OF STOCKS AND/OR BONDS?
In the Philippines, the only operating stock exchange is the Philippine Stock Exchange (PSE). Its main function is to facilitate the buying and selling of stocks and other securities through its accredited trading participants.
The PSE has two trading floors. PSE Center in Ortigas, Pasig City and PSE Plaza in Ayala, Makati City here trading participants trade daily from 9:30 a.m. to 3:30 p.m. except Saturdays, Sundays, legal holidays and days when the Central Bank Clearing Office is closed.
HOW ARE SHARES AND SDT-BONDS BOUGHT OR SOLD?
If you wish to buy shares of stocks or SDT-Bonds, you must have a stockbroker like JAKA Securities Corporation (JSC) who will do this for you. A stockbroker is a person or corporation authorized and licensed by the Securities and Exchange Commission (SEC) and PSE to trade securities.
WHAT ARE THE MARKET PHASES
1. Start of Consultation (SOC – 8:00 a.m) – Part of the Off Market Phase wherein all order can be posted but no market activity occurs. Orders are on Pending Release Status.
2. Pre-Opening (POC – 9:00 a.m.) – Same as the current pre-open, brokers can enter, modify or cancel orders but no matching occurs
3. Pre-Open NO Cancel (PNC – 9:15 a.m.) – Part of the Pre-Open Period and is also called the No Cancellation Period; any modification or cancellation done by the TPs will be rejected by the system
4. Opening (9:30 a.m.) – The period when the system computes for the Opening Price of each Security; no market activity can occur at this phase. After this phase it automatically switch to TCP.
5. Continuous Trading (CTP) – a period where orders are posted, modified, cancelled and/or matched
6. Market Recess (SIS 12:00 p.m.) – Surveillance Intervention, During this period, TPs can post their orders but no market activity can occur. TPs can only modify/cancel all pending release order and not an order that has been queued already.
7. Continuous Trading (CTP – 1:30 p.m.) – a period where orders are posted, modified, cancelled and/or matched.
8. Pre-Closing (POC – 3:17 p.m.) – no matching can occur during this phase. Traders can enter, modify or cancel orders
9. Pre-Close No Cancellation (PNC -3:19 p.m.) – Traders are allowed to enter orders but are disallowed to modify or cancel orders.
10. Closing (3:20 p.m.) – The period when the system computes for the Close Price of each Security; no market activity can occur at this phase. After system compute for the closing price it automatically go to TAL.
11. Trading-at-Last (TAL) (3:20 p.m.) – This is the same as Run-Off Period where users can only enter orders and execute trades at the Closing Price.
12. Market Closed (SIS – 3:30 p.m.) – Surveillance Interventions.
HOW TO OPEN AN ONLINE ACCOUNT AT JAKA SECURITIES CORPORATION
1. Client (Filipino/Foreign) must first download and fill-up the following forms:
– Customer Account Information Form (CAIF)
– Online Terms and Agreement
– Specimen Card (Signed by Authorized Signatories)
– Data Privacy Consent Form
2. Client must submit the following requirements: – For individuals Clients
– Photocopies of two different valid identification cards with photo and signatures.
– For Corporate Clients
– Certified True Copy of the Articles of Incorporation and By-Laws
– Board Resolution authorizing the company to open an account and the authorized signatories to transact in behalf of the company
– Latest Financial Statement of the company
– Photocopies of two different valid identification Card of the authorized signatories
Valid Identification Cards (must not be expired)
– Driver’s License
– Employment ID
– Student’s ID
– Alien Certificate of Registration ( ACR ), if foreign nationals “Green or Pink” Cards
– Professional Regulation Commission (PRC) Card/ Integrated Bar of the Philippines (IBP)
– SSS / GSIS ID
– Tax Identification Number (TIN) Card
– Overseas Filipino worker (OFW) – VE Card
– Voter’s ID
– Senior Citizen
– NBI Clearance
3. Client must e-mail all the signed forms and requirements to JAKA Securities Corporation for pre-screening purposes. An email notice will be sent to client as regards submitted forms and documents with instructions on the registration process. 4. Client shall personally visit JSC and submit all the original forms and documents for validation. 5. JSC shall validate the submitted forms and documents. If approved, JSC shall create the new account along with the unique Trading Account Number and Identification Code(IC). 6. The client shall receive an email confirming approval of application together with the Unique Trading Code Number and Identification code(IC). 7. Client shall visit https://jakasec.psetradex.ph/open and provide the unique Trading Account Number and Identification Code to complete the registration process. 8. After successful registration, the client shall visit JSC Office for formal training of the online trading system (PSE TradeX) that shall be conducted by PSE TradeX personnel. 9. Client shall fund the account to proceed with online trading.
Note: Values reflected on the Online Trading System are Indicative Prices Only Note: There is an Annual Maintenance Fee of 3,500.
HOW TO FUND MY ACCOUNT?
A JSC roving messenger is available to collect the payment at the client’s designated address and JSC messenger shall issue the corresponding official receipt (OR); or client can deposit the payment or make a telegraphic transfer through the following banks:
Metropolitan Bank and Trust Co., Ayala Branch,
Saving Account Number: 532-3-53200733-0
Banco De Oro, Washington Branch,
Saving Account Number: 00-2650368442
Union Bank of the Philippines., Perea Branch,
Savings Account Number: 00241-0001197
Phil. Business Bank, The fort Branch,
Saving Account Number: 023-01-000287-1
If payment is made through a bank, client must furnish JSC with the complete details of deposit for the issuance of the corresponding official receipt.
After payment confirmation, JSC shall input the client’s fund in the online system.
Client shall be notified through email or phone call that the fund is already available in the system to begin the online trading.
HOW TO WITHDRAW MY FUNDS
Proceeds from sale of shares are payable within 3 working days (T3) from the actual date sold. JSC shall issue the check to the client that shall be delivered at their designated address; or upon client’s written instruction JSC shall deposit the amount under the client’s bank account. If proceeds are deposited at a bank, JSC shall furnish the client with a copy of the deposit slip either thru fax or email.
HOW TO WITHDRAWAL OF STOCK CERTIFICATE
The client can withdraw their shares of stocks from JAKA Securities Corporation by sending a written instruction.
JSC shall validate the withdrawal instruction and upon approval JSC will execute the transfer through PDTC.
Processing of the client’s request will take an average of 2 months. A corresponding fee of PHP100.00 (if the transfer agent is a bank) or PHP110.00 (if the transfer agent is a non-bank) per certificate is required to be paid by the client