TTCD Custody of International Assets via our Euroclear Facility
The TTCD’s Euroclear facility was introduced to the local market in 2014 through a strategic collaboration with Euroclear Bank, a well-known international depository who specializes in the settlement of securities transactions as well as the safekeeping and asset servicing of these securities. Euroclear Bank boasts of over €27.5 trillion in assets held in custody with operations in excess of 90 countries, thereby symbolizing its strength as a major global player and the magnitude of its reach. This facility essentially allows locally-owned international assets to be held by a local custodian, namely the Trinidad and Tobago Central Depository (TTCD). The TTCD is the approved custodian of choice by the Trinidad and Tobago Securities Commission (TTSEC) for transactions such as repurchase agreements.
how do investors benefit?
- Greater ease in holding international assets.
- Increased asset safety through the TTCD as custodian.
- Full sight of portfolio i.e. more control over assets.
- Can facilitate small investment sizes.
- Investors may use their international assets for pledges/hypothecation against loans.
- Solution to the increasing difficulty of opening accounts in international jurisdictions.
- Insurance companies may pledge assets for Statutory Fund.
How do Brokers benefit?
- Full access and sight of entire portfolio via TTCD’s system.
- Become more innovative in client offerings through securities lending and repos.
- Strengthen and enhance client relationships.
- Build more diversified portfolios for investors.
- Earn higher income through expanded business.
- Increased protection as collateralized assets for repos are protected by pledges effected by the TTCD.
Who can become a TTCD EUROCLEAR Participant?
- Institutional investors.
- Brokers.
To become a TTCD EUROCLEAR Participant
Complete the applicable forms below:
