The Bahamas Central Securities Depository Limited (BCSD) is a leading provider of share registry and transfer agency services in The Bahamas. BCSD was 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).
BCSD is a private company and is registered with The Securities Commission of The Bahamas as a clearing facility under the Securities Industry Act. BCSD provides a safe and secure central electronic registration platform for multiple types of securities.
BCSD will soon offer BISX-listed issuers a unique opportunity for the seamless integration of trading and settlement of trades as the technology platform utilized by BCSD will be directly connected to BISX’s trading system, creating an efficient trading process for shareholders.
Companies, their investors and regulators require accurate records of share ownership; as a result, the role of the registrar and transfer agent is an important one. Some companies choose to act as their own registrar and transfer agent, but most choose the experience of a specialist third-party financial institution to fill this role. BCSD fulfils this role in The Bahamas for its client companies.
BCSD assists client companies by managing relationships with their shareholders and other financial stakeholders. This is accomplished through the management and dissemination of corporate information to shareholders, and maintenance of company shareholders’ registers. BCSD also effects corporate actions on behalf of clients including: dividend payments, mailing of annual reports and services for companies’ annual general meetings.
T 242-322-5522/3 | F 242-356-3613 | E firstname.lastname@example.org
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