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Jamaica Central Securities Depository (JCSD)

About Us

 


 What is the Jamaica Central Securities Depository (JCSD)?

Subsidiaries  

The JSE has two wholly-owned subsidiaries Jamaica Central Securities Depository (JCSD) which is a facility for holding securities which enables share transactions to be processed by book entry. A book entry system is an accounting system which facilitates the change of ownership of securities electronically between parties, without the need for the movement of physical documents. In short, "the JCSD is a means of recording the ownership of shares." The JCSD Trustee Services is the other subsidiary that offers Trustee services.    

At present the members of the Board are:  

Mr. Garth Kiddoe Chairman  

Mr. Alvaro Casserly - Deputy Chairman

Mr. Livingstone Morrison - Director  

Mr. Christopher Berry - Director
Mr. Curtis Martin  - Director

Mr. Leo Williams - Director
Mr. Allan Lewis  Director  

Ms. Janet Wallace  - Director
Mrs. Marlene Street Forrest - Director
Mr. Robin Levy - Secretary/General Manager  

As the transactions in shares increase, the ability to settle these transactions through the physical delivery of certificates becomes more cumbersome and error prone. The JCSD allows participating entities such as brokers and institutional investors to place their securities on deposit at the JCSD.  

The JCSD registers the stock in its nominee name, in this case, the JCSD Ltd. The JCSD maintains the certificates physically in its vaults, records securities movements, and will debit or credit a participating firm's position through a book-entry computerized system. The JCSD will shorten the settlement cycle.

 Board of Directors

At present the members of the Board are:

 

Mr. Garth Kiddoe (Chairman)

Mr. Alvaro Casserly (Deputy Chairman)

Mr. Livingstone Morrison - Director

Mr. Christopher Berry Director

Mr. Curtis Martin - Director

Mr. Leo Williams -  Director

Mr. Allan Lewis - Director

Ms. Janet Wallace - Director

Mrs. Marlene Street Forrest - Director

Mr. Robin Levy Company Secretary

 Why is the JCSD necessary?

As the transactions in shares increase, the ability to settle these transactions through the physical delivery of certificates becomes more cumbersome and error prone. The JCSD allows participating entities such as brokers and institutional investors to place their securities on deposit at the JCSD.

The JCSD registers the stock in its nominee name, in this case, the JCSD Ltd. The JCSD maintains the certificates physically in its vaults, records securities movements, and will debit or credit a participating firm's position through a book-entry computerized system. The JCSD will shorten the settlement cycle.

 Registrars Of Listed Companies

Duke Corporation


Agent : Mrs. Tracy Campbell
Address : PH floor, Scotiabank Centre


Crn. Duke & Port Royal Streets
Telephone: (876) 922-6230
Fax : (876) 967-9467
Email: dukecorporation@jm.pwc.com


Listed Companies Transferring Shares? Transferee To Sign?
Scotia Group Ja. Ltd Yes No
BNSJVP Yes No
BRG Yes No
LIME (formerly CWJA) No Yes
CMP (Delisted) Yes Yes
CWJA 5.5 Yes Yes
CWJA 6 Yes Yes
SIJL Yes Yes
JBG Yes No


NCB Nominees Ltd (No longer a Registrar)


Agent :
Address : 32 Trafalgar Road


Kingston 10
Telephone: (876) 929-9050-89
Fax : (876) 929-5399


Listed Companies Transferring Shares? Transferee To Sign?
Courts (Delisted) No Yes
Gleaner (Call Sagicor Bank) Yes No
D&G (Call Sagicor Bank) Yes Yes
Goodyear (Delisted) Yes No
JPS Preference (Call JCSD) Yes Yes
NCBJ (Call JCSD) Yes Yes
Pegasus (Delisted) Yes Yes
NCBCM 11.75 (Redeemed) Yes No
Carreras (Call Sagicor Bank) Yes No
DYOL (Delisted) No No
Carib Steel (Delisted) No No




First Caribbean Securities Ltd


Agent : Mrs. Merisa Davidson 
Address : 23-27 Knutsford Boulevard


Kingston 5
Telephone: (876) 929-9310 ext 4617 / 935-4729
Fax : (876) 926-1025


Listed Companies Transferring Shares? Transferee To Sign?
FCIB Ja. Ltd Yes Yes
FCIB (Delisted) Yes Yes




Sagicor Bank Jamaica (formerly Pan Caribbean Merchant Bank)


Agent : Mrs. Lorice Taylor / Ms. Susan Grey
Address : 60 Knutsford Boulevard


Kingston 5
Telephone: (876) 929-6229
Fax : (876) 926-4385


Listed Companies Transferring Shares? Transferee To Sign?
FJI (Delisted) Yes No
H&L Yes No
Pan Jam Yes No
Sagicor Invest (PCFS) Yes No
Cement Yes No
Sagicor Invest 12.5 (PCFS) Yes No
KLE Yes No
Sagicor Life                                           Yes                               No




KPMG Regulatory Compliance Services (Formally Veritat Corporation)


Agent : Mrs. Elizabeth Pottinger
Address : 6 Duke Street


Kingston
Telephone: (876) 922-6640
Fax : (876) 922-7198


Listed Companies Transferring Shares? Transferee To Sign?
Pulse No Yes
Ciboney Yes Yes
Kgn. Wharves Yes No
JMMB Yes No
CCMBVP Yes No
CCFG (Delisted) Yes No
JMMB 12.15 (Redeemed) Yes No
JMMB 8.75 Yes No
JP Yes No
AMG Yes No




Grace Kennedy & Co. Ltd


Agent : Mrs. Sydoney Johnson
Address : 73 Harbour Street


Kingston
Telephone:  (876) 922-3440
Fax : (876) 922-3664


Listed Companies Transferring Shares? Transferee To Sign?
GraceKennedy Ltd Yes No




RBTT Jamaica Ltd


Agent : Mrs. Jackie Edwards
Address : 17 Dominica Drive


Kingston 5


Telephone:

(876) 960-2340


Listed Companies Transferring Shares? Transferee To Sign?
RBTT (Delisted) No Yes




Lascelles DeMercado (Delisted)


Agent : Miss Marvia Williams
Address : 23 Dominica Drive


Kingston 5
Telephone: (876) 926-9007/ 9
Fax : (876) 929-7537


Listed Companies Transferring Shares? Transferee To Sign?
Lascelles Yes No




Montego Freeport Ltd (Delisted)


Agent : Ms. Marlene McLean
Address : Unit No 21
1a Worthington Terrace


Kingston 5
Telephone: (876) 815-4103
Fax: 929-5855 


Listed Companies Transferring Shares? Transferee To Sign?
MFP (Delisted) Yes Yes




Montego Bay Ice


Agent : Mrs. Sheila Lewis

Address :

P. O. Box 51



Montego Bay
Telephone : (876) 952-3067
Fax : (876) 979-5023


Listed Companies Transferring Shares? Transferee To Sign?
MBICE Yes Yes




Palace Amusement Co


Agent : Ms. Eileen Thomas
Address : South Camp Road


Kingston, C.S.O.
Telephone: (876) 928-1240
Fax : (876) 928-5632


Listed Companies Transferring Shares? Transferee To Sign?
Palace Yes Yes




TT Central Depository Limited
 
Agent : Ms. Serah Rogers/Pamela Questel-James 
Address : 63 65 Independence Square 


Port of Spain
Telephone: (868) 625-5107-9
Fax : (868) 623-0089
 
Listed Companies Transferring Shares? Transferee To Sign?
Trinidad Cement Yes No






JCSD Registrar Services Unit


Agent : Ms. Michelle Sirdar
Address : 40 Harbour Street


Kingston
Telephone: (876) 967-327-4
Fax : (876) 948-6653


Listed Companies Transferring Shares? Transferee To Sign?
AFS Yes N/A
BIL Yes No
BILVPA Yes N/A
BILVPB Yes N/A
BPOW Yes N/A
CHL Yes N/A
CPJ Yes N/A
C2W Music Yes N/A
DCOVE Yes N/A
FCIBJ (Delisted) Yes No
GENAC Yes N/A
HONBUN Yes N/A
JLA7.5 Yes Yes
JSE V.R. Pref. Yes N/A
JAMT Yes N/A
KPREIT Yes No
LASD Yes N/A
LASF Yes N/A
LASM Yes N/A
MIL Yes N/A
MIL 12% Pref. (Redeemed) No No

JNCB

PROVEN

Yes

Yes

Yes

No

PROVEN 8% Yes N/A
SEP Yes No
SVL Yes No
TCL Yes Yes
RJR Yes Yes




Myers Fletchers & Gordon
 
Agent : Ms. Colleen Jones
Address : 21 East Street


Kingston
Telephone: (876) 922-5860/1066/2060
Fax : (876) 922-4811
 
Listed Companies Transferring Shares? Transferee To Sign?
W.I. Publishing (Delisted) Yes No
Caldon Fin (Delisted) Yes No




Corporate Merchant Bank  
Agent : Ms. Olive Lyn
Address : 12 Trafalgar Road


Kingston 5
Telephone: (876) 927-3540-2
Fax : (876) 922-0048
 
Listed Companies Transferring Shares? Transferee To Sign?
IBS/KLAS (Delisted) Yes No
Workers Bank (Delisted) Yes No




 JCSD Trustee Services Limited (JCSDTS)

JCSD Trustee Services Limited (JCSDTS)

THE COMPANY

JCSDTS was incorporated in July 2008 as wholly owned subsidiary of the Jamaica Central Securities Depository (JCSD). Both companies share a common Board of Directors, comprised of experienced and knowledgeable players in the financial services industry. JCSD is itself a wholly owned subsidiary of the Jamaica Stock Exchange (JSE).

OUR SERVICES

Trustee services are a logical extension to existing lines of JCSD business and are ably supported and complemented by the JCSD's other established divisions. The Registrar Services Division has over 4 years experience and administrative abilities in the maintenance of efficient computer-based registers. The Depository Operation Division has effectively managed electronic sharebooks, pledge facilities and mandate instructions with a zero-loss record for over 10 years.

                                                                                                          

 Management Team

The JCSD Management Team Comprised of:

Robin A. Levy - General Manager

Kadyll McNaught Hermitt - Equity Operations Manager

Michelle Sirdar - JCSD Registar Services Manager

Josephine Lewis - Trustee Services Manager