Shareholders Convert your Printed (Paper) Shares Certificates into Electronic Form

Dematerialization is the conversion of your paper share certificates into electronic form. Here are the easy and simple steps to Dematerialize your share certificates    

Just deposit your Share Certificates with the Jamaica Central Securities Depository (JCSD) through the stockbroker of your choice by following these two simple steps:

Step 1:  Take all the share certificates in your possession to the stockbroker of your choice along with your Tax Registration Number (TRN) or Driver’s License for all persons whose names appear on the certificate.

If you do not have all the certificates the broker will give you a Form of Declaration and Indemnity for Lost Certificates.

Step 2:   Your stockbroker will open an account if you don’t already have one and prepare a Transfer Form for you to sign. This Form takes all the relevant information from your share certificate.

What is the purpose of this form?

This Transfer Form formally transfers the shares that are currently in your name into the nominee name of the JCSD which holds the shares on your behalf. You remain the owner.

Who are the Stock Brokers?

• Barita Investments Limited
• BCW Capital
• GK Capital Management Limited
• JMMB Securities Limited
• Mayberry Investments Limited
• Proven Wealth Limited
• M/VL Stockbrokers Limited
• NCB Capital Markets Limited
• Sagicor Investments Limited
• Scotia Investments Limited
• Stocks & Securities Limited
• VM Wealth Management Limited

Benefits of having a JCSD Broker Account

• Having less documents to process means your account can be updated more quickly;
• It will be easier to get updates on your holdings; you can ask your broker, go On Line or just call the JCSD;
• You are closer to being able to buy and sell shares Online;
• Our systems are proven to be Safe and Secure;
• You receive future bonus or split entitlements on date of Record, not through the mail two months later;  

FREQUENTLY ASKED QUESTIONS & ANSWERS

1. What happens when you “give up” your certificates?                                                                                                  Answer: The shares will be held in electronic form and therefore can be traded on the floor of the Exchange.
2. Will an update on the account be provided by the JCSD?                                                                                        Answer: The JCSD does not send out statements however, the client may request a statement from us or their          broker. Statements can also be viewed online. 
3. Is there a cost to access statements online?                                                                                                                    Answer: No.
4. Will the Broker be able to trade the shares without shareholder’s knowledge?                                             Answer: Brokers should not sell shares without instructions from the shareholder. At the point of opening your account, you should indicate to your Broker the types of instruction(s) they can accept from you to process transactions on your account (fax, email, text, telephone, etc.).