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2016 To Present

DATEMILESTONE
6th April 2016Grenada Cooperative Bank participated in an auction for the first time
3rd June 2016                  

ECSE Group completes 1st Phase of Major IT Project

On Friday 3rd June 2016, the ECSE Group completed the first phase of a major IT project aimed at modernizing its entire IT environment.  On Friday, the Group migrated its post-trade operations to a new Montran CSD application.  This new CSD, supplied by the Montran Corporation, replaces the legacy Global ISR and Global CSD applications used by the Group’s depository and registry subsidiaries, the ECCSD and the ECCSR

6th June 2016First auction under the new CSD platform at the ECSE – St Lucia 91- day Treasury bill
28th June 2016                         Ten (10) billion raised on the RGSM – Saint Lucia 180-day Treasury Bill.
17th August 2016500th auction on the RGSM – St Vincent and the Grenadines 91-day bill.
October 2016 
The Government of Grenada lowered its Reserve Price on 91-day from 6 per cent to 4 per cent and from 6 per cent to 5 per cent on  365-day Treasury bills.
July 2017The Government of Saint Lucia lowered the Reserve Price on 180-day Treasury bill from 6 per cent to 5 per cent.
August 2017 
The Government of Saint Lucia lowered the Reserve Price on 91-day Treasury bill from 6 per cent to 5 per cent.
October 2017 
The Government of Saint Lucia reduced its reserve price on 10-yeasr bond from 7.500 per cent to 7.250 per cent
November 2017 
The Government of Saint Lucia reduced its reserve price on 7-year Treasury bills from 6.500 per cent to 6.250 per cent
November 2017                               

 
Fifteenth anniversary of the RGSM

Number of auctions: 571

Amount issued: EC$11.3 billion

Amount raised: EC$11.6 billion

Amount of subscriptions: EC$15.4 billion

5th June 2018 
The 600th auction on the RGSM. St Vincent and the Grenadines 91-day Treasury bill for $28m
July 2018 
The Government of Saint Lucia reduced its reserve price on 180-day Treasury bills from 5.0 per cent to 4.5 per cent
July 2018 
The Monetary Council approved the recommendation from RDCC (April 2018) to amend the Terms of Reference of the RDCC. The changes involved: a) Only two meetings a year instead of quarterly and b) to include alternates in the quorum of five (5) member countries.
18th September 2018                                                                        The Government of Saint Lucia reduced its reserve price on 91-day Treasury bills from 5.0 per cent to 4.5 per cent
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ECCB@40 Commemorative Magazine