Eastern Caribbean Central Securities Depository (ECCSD)
The ECCSD is a wholly owned subsidiary of the ECSE, which operate as a full – service CSD. The ECCSD provides clearance and settlement of trades transacted on the ECSE. It was incorporated in St Christopher and Nevis in 2001 as public limited liability companies, under the 1996 Companies Act. The ECCSD is licensed and regulated by the ECSRC, under the Securities Act of 2001.
The main participants on the Depository are broker/dealers, limited service brokers and custodians. It provides services to participant intermediaries and processes transactions for trades reported by the Exchange or other markets.
The ECCSD also provides securities registration, transfer and paying agency services to participant issuers and processes corporate actions including retail payments of investment proceeds to securities holders.
Custody services are also provided for entities wishing to hold securities at the CSD on behalf of their customers. Customers can include custodian banks for foreign investors.
Board of Directors
The Boards of Directors of the subsidiary company, the ECCSD Ltd are comprised as follows:
- Mr Timothy S Antoine – Chairman
- Mr D Michael Morton, CBE – Deputy Chairman
- Mr Peter Blanchard, GCM
- Mrs Jennifer Nero
- Mr Dexter Ducreay
- Mr Trevor E Blake – Managing Director
- Ms Raemona Fredrick