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What is a Security? A Security is a negotiable instrument representing financial value. Securities are broadly categorized into debt securities, that include Bonds, Debentures and Treasury Bills; and Equity Securities. Examples of Securities that are traded in the regional capital and financial markets include Stocks, Corporate and Government Bonds and Treasury Bills.Back to top-
What is a Securities Market? A Securities Market is where investors who are willing to buy and sell their Securities. Investors include individuals, institutions, pension funds, trust funds and other entities. The buying investors are willing to invest by purchasing securities from the sellers which include corporations, governments and other investors.Back to top-
What is the Eastern Caribbean Securities Exchange (ECSE)? The Eastern Caribbean Securities Exchange (ECSE) is a regional securities market, established by the Eastern Caribbean Central Bank and licensed under the Securities Act (2001). The ECSE is designed to facilitate the buying and selling of Securities for the eight (8) ECCB member territories of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St Kitts and Nevis, St Lucia, and St Vincent and the Grenadines. The ECSE is headquartered in St Kitts.Back to top
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Where and how do I purchase or sell a Security on the ECSE? Investors can only purchase Securities through a Broker-Dealer firm registered with the ECSE. Global Investments is a registered Broker-Dealer, and investors seeking to buy or sell securities can make an appointment with our Registered Principal. Investors purchasing or selling Securities for the first time with Global Investments must open a new brokerage account.Back to top-
What happens when I purchase Securities listed on the ECSE? Securities of all companies listed on the ECSE are held in dematerialized form. This means that as an investor you will not receive a physical certificate to confirm your proof of ownership for securities purchased. Once you purchase a Security, it will be held in dematerialized (electronic form) at the Eastern Caribbean Central Securities Registry Limited (ECCSR), which is a fully-owned subsidiary of the ECSE. As an investor you will receive a statement of all the Securities you own on a semi-annual basis. Investors can also request Global Investments to hold the Securities on their behalf.Back to top-
Can I open a joint account? Yes, investors can open joint accounts.There are two (2) types of accounts: With a Joint Tenant account, all the signatories on the account are required to collectively give permission for any action on the account. Upon the death of any one (1) joint owner, the surviving joint tenants get the whole account automatically, regardless of any will made.With Tenants in Common account, upon death of a co-tenant, his or her shares pass to his/her beneficiaries through the Will or Rules pertaining to intestacy.Back to top-
Can I use my Securities as collateral for a loan? Investors can use their Securities as collateral for loans. A Charging Form must be completed by all the parties involved.Back to top
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Can I transfer my Securities as gifts? Shareholders or joint shareholders can donate all or a portion of their Securities to a family member or to a registered Charity. To donate securities, complete the Donation Transfer Form and submit the completed form notarized or signed and stamped by a licensed broker to the ECCSR together with evidence of the family relationship or the registered Charity. A fee of EC$20.00 is applicable for this request.Back to top-
How can I obtain a statement of my Securities? You can request a copy of your Securities statement by simply completing an Application for ECCSR Statement and submitting it to your Registered Representative at the Broker-Dealer Firm. An application fee of EC$20.00 is required.Back to top |
