The JSE guarantees the settlement of all transactions that are conducted through the central order book in the JSE trading system. All transactions done via the Vunani Online platform are conducted through the central order book in the JSE trading system by Vunani Securities Ltd ( a JSE Member firm) and are therefore guaranteed by the JSE.
Vunani Private Clients is a member of the Vunani Group. All Vunani Private Clients' are clients of the JSE Member, Vunani Securities Ltd, and fall within the rules and regulation of the JSE ,including the comfort that all transaction and activities are monitored by the JSE.
In terms of the JSE rules pertaining to the Guarantee Fund, note:
2.130.1 The JSE shall -
2.130.1.1 establish and maintain, to the satisfaction of the Registrar, a Guarantee Fund ("the JSE Guarantee Fund") out of which claims shall be paid up to an amount specified in the rules of such fund in respect of liabilities arising prior to the default of a member. Such payment shall be limited to claims arising out of transactions in equity securities with or on behalf of other persons by such member and such other liabilities as may be specified in the rules of the JSE Guarantee Fund and shall be subject to any defenses which the defaulting member may have against a claimant;
2.130.1.2 determine a levy to be payable by every member to the JSE Guarantee Fund on all transactions in equity securities.
2.130.2 Where a member has effected a transaction on behalf of a buyer or seller of equity securities, such member may recover the levy imposed in terms of rule 2.130.1.2 from such buyer or seller.
2.130.3 The trustees of the JSE Guarantee Fund, in their capacity as trustees, acquire, incur and administer the assets and liabilities of the JSE Guarantee Fund.
2.130.4 The income of the JSE Guarantee Fund, including but not limited to levy contributions by members, vests in the trustees and is administered by the trustees as part of the JSE Guarantee Fund."