It is no more than an old glider hanger equipped for only a handful of planes. The large scale privatization process began in 1995 by public offering. There are now 109 issues listed on the Main Board, the Small List and the Free Market. A small guarantee fund exists to protect investors but the narrow window between cash and securities movement minimizes counterparty risk. The most common types of corporate entitlements in Estonia are cash dividends, bonus issues and rights offerings.
Rights are tradable once issued.
The TSE then publishes the announcement to the public. This information is accessible through the TSE website . The ECD is one of the more efficient depositories in the world. It is participant owned by twelve shareholders. The ECD is also the central registrar for all companies in Estonia.