1. Overview of BCSD Operations
Bahamas Central
BCSD
Presentation to
ACSDA General Assembly
 April 2017
 Overview of BCSD Operations

2. OUTLINE About The Bahamas Overview of the Bahamian Capital Markets
About The Bahamas
Overview of the Bahamian Capital Markets
BCSD Executive Summary
BCSD Current Core Services
Vision, Mission and Core Values
2017 Company Objectives
2017 Marketing Plan
Conclusion

3. About The Bahamas Sovereign Jurisdiction, independent since 1973
Sovereign Jurisdiction, independent since 1973
English Common Law Legal System
Privy Council in London, UK as highest court
Parliamentary (Westminster) system of government dating back to 1729
Offshore financial centre with over $8.563 Billion in assets domiciled in The Bahamas

4. Overview of the Bahamian Capital Markets
Overseen by the Securities Commission of The Bahamas – the governmental agency charged with the administration of securities laws and regulation of securities markets in The Bahamas
The Securities Commission is a Class A signatory of the International Organization of Securities Commissions (IOSCO) Multilateral Memorandum of Understanding (MMoU)
Domestic market consists of a Stock Exchange (BISX), listed and traded securities and over the counter securities including over 100 tranches of Government bonds

5. Overview of the Bahamian Capital Markets (Cont.)
The types of Securities Listed and Traded, includes ordinary shares (20), preference shares(13), corporate debt (4), government debt securities (16) and mutual funds(44)
BISX operates an order-driven electronic market
Approx. 900 Mutual Funds licensed in The Bahamas
Approx. 150 licensed securities firms

6. BCSD Executive Summary
Incorporated in March 2009 as a joint venture between Royal Fidelity Merchant Bank & Trust Limited (RFMBT), Colina Financial Advisors Limited (CFAL) and the Bahamas International Securities Exchange (BISX)
Utilizes the Depend Software developed by Percival Software for carrying out company registry and depository functions
Registered with the Securities Commission of The Bahamas as a “Clearing Facility”

7. BCSD – Current Core Services
General RTA Services – Processing inquiries from shareholders, management of Dividend Payment histories, processing shareholder requests
Dividend Processing – public notifications, disbursements to shareholders, bank account reconciliations and management of replacement checks
AGM Correspondence – public notifications, packaging and mailing of corporate documents, proxy forms, as well as certifying attendance reports for company AGMs

8. BCSD – Current Core Services (Cont.)
Audit Confirmations – Involves providing official confirmation reports to auditors on company’s behalf
Confirmation Letters – Involves providing official confirmation / documentation via letter to shareholders with respect to their particular shareholdings
Transfers and Shareholder Maintenance – Involves actual update of the share register to reflect trades processed, name changes, deaths, and general transfers of shares from one holder to the next

9. Vision, Mission and Core Values Mission Statement Vision
BCSD is the primary share registrar and transfer agent, providing these vital services throughout the islands of The Bahamas, while facilitating economic and financial growth for both our client companies and their shareholders
 Vision
BCSD strives to serve and educate all securities stakeholders in the pursuit of continual growth and development of the capital market in the Bahamas   
Bahamas Central

10. Core Values Vision, Mission and Core Values (Cont.) B – Brilliance
C – Competence 
S – Stability
D – Dependability
Bahamas Central

11. 2017 Company Objectives Key Objectives
Full integration of BCSD with BISX
Take full advantage of new affiliation and membership in the ACSDA
Grow revenue through offering of new services, like pledging and depository services at the same time reducing expenditure, to maximize profits
Movement towards direct dividends deposits and away from Dividend cheques and replacements cheques
Bahamas Central

12. 2017 Company Objectives Keys to Success
Engage Percival to work along with the IT personnel from BCSD and BISX to lead the project of Integration
Continue to enhance and provide a Training and Development Program for staff.
Enhance the service levels to all Client Companies and their Shareholders.
Enhancing Brand awareness among companies, brokers and shareholders
Bahamas Central

13. 2017 Marketing Plan Marketing Goals
Cement reputation for service excellence, through word-of-mouth and advertising
Strengthen relationships with our Client Companies, maintain constant communication and facilitation of their needs
Provide Shareholders with relevant and timely information
Ensure the team is focused and productive to keep customer service at the highest obtainable levels   

14. 2017 Marketing Plan BCSD Website: Web presence
 Marketing Tools
BCSD Website:
Web presence
Education to all Securities Stakeholders
Access to information
Media – Ads and Press Releases:
Daily Newspapers
On the Website
TV – News/Business Reports
Brochures, Info cards and Business cards
Promotional Items with BCSD Logo

15. The Beautiful Waters of the Bahamas – Enjoy the View

16. We strongly believe that for us growth is inevitable.
 Conclusion
BCSD has a small but strong Team
Enhanced operations
Raising the level of knowledge
Exciting opportunities in the future for BCSD
We strongly believe that for us growth is inevitable. .