1. “Hosts’ Markets Roundtable” The Eastern Caribbean Securities Market
Presented by
Trevor E Blake
Managing Director

2. Outline
The ECCU
Market Overview
Market Activity
Initiatives & Outlook

3. The ECCU Area: 90 Sq. Km Pop: 14,936 GDP/c: US$22,277.30

4. MARKET OVERVIEW
Eastern Caribbean Securities Market (ECSM) is a regional market for
trading financial instruments
issue of corporate securities
Regional Government Securities Market (RGSM) is a market for issuing sovereign debt securities
The main market institutions:
Securities Regulatory Commission (ECSRC)
Securities Exchange (ECSE)
Central Securities Depository (ECCSD)
Central Securities Registry (ECCSR)

5. MARKET OVERVIEW
Eastern Caribbean Central Securities Depository (ECCSD)
Efficient clearing and settlement of all securities market trades
Final Settlement on T+1, on DVP 2 basis
Cash leg in Central Bank money
SWIFT messaging
Custody of immobilized physical securities
On behalf of ECSE
Primary issuance of equities and debt securities
On behalf of ECCSR
Maintenance of securities holders records electronically
Transfer of securities and corporate actions for Issuers

6. MARKET ACTIVITY
ISINs by Asset Class
Transactions

7. INITIATIVES/OUTLOOK New IT Application - Montran CSD
Operational Changes
All post-trades operation under one subsidiary
Structural Changes
Pursuing merger of ECCSD and ECCSR
Fit form to function
Re-launch of ‘Junior’ market
New products
Repos; Listed Funds
New Strategic Thrust