Milestones - Eastern Caribbean Central Bank

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DATE	MILESTONE
6th January 2025	Twenty (20) billion raised on the RGSM.
14th June 2023	In commemoration of the 20th anniversary of the RGSM, the RDCC, at its 47th meeting, approved a logo for the RGSM.
25th November 2022	The RGSM celebrated its 20th anniversary under the theme “Grow your wealth and protect your financial health through government securities on the RGSM.” The main highlight of the celebrations was a virtual panel discussion that was held on 24 November 2022 and was chaired by the first Chairperson of the RDCC, Mr Wendell Lawrence, OBE.
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
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.
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
5th June 2018	The 600th auction on the RGSM. St Vincent and the Grenadines 91-day Treasury bill for $28m
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
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
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
August 2017	The Government of Saint Lucia lowered the Reserve Price on 91-day Treasury bill from 6 per cent to 5 per cent.
July 2017	The Government of Saint Lucia lowered the Reserve Price on 180-day Treasury bill from 6 per cent to 5 per cent.
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.
17th August 2016	500th auction on the RGSM – St Vincent and the Grenadines 91-day bill.
28th June 2016	Ten (10) billion raised on the RGSM – Saint Lucia 180-day Treasury Bill.
6th June 2016	First auction under the new CSD platform at the ECSE – St Lucia 91- day Treasury bill
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 April 2016	Grenada Cooperative Bank participated in an auction for the first time
31st December 2010	Thirty four (34) auctions recorded on the RGSM in 2010 – 27 Treasury Bills and 7 bonds
18th December 2010	FINCOR closed its operations in Grenada
7th December 2010	CMMB (St Lucia) changed their name to First Citizens Investment Services (Saint Lucia)
26th November 2010	NCB SVG renamed to Bank of St Vincent
October 2010	CMMB rebranded to First Citizens Investment Services
21st September 2010	CMMB (Trinidad and Tobago) changed their name to First Citizens Investment Services Ltd
22nd June 2010	Four billion dollars raised on the RGSM
19th April 2010	200th issue on the RGSM – Gov’t of St Vincent and the Grenadines
31st December 2009	Forty-two (42) auctions were recorded on the RGSM in 2009 – 36 Treasury Bills and 6 bonds
23rd June 2009	Nevis Island Administration issued its first security on the RGSM. The 365-day Treasury bill was guaranteed by the Federal Government of St Kitts and Nevis.
16th June 2009	Opening of CMMB branch in St Vincent and the Grenadines
22nd January 2009	150th issue on the RGSM – Gov’t of Saint Lucia
6th January 2009	Three billion dollars raised on the RGSM
31st December 2008	Thirty-Six (36) auctions recorded on the RGSM in 2008 – 33 Treasury Bills and 3 bonds
22nd December 2008	The license of Bank of Saint Lucia was revoked and ECFH Global Investment Solutions Limited started operations as a licensed broker in Saint Lucia.
31st December 2007	Thirty-three (33) auctions recorded on the RGSM in 2007 – 28 Treasury Bills and 5 bonds
25th November 2007	5th Anniversary of the establishment of the RGSM. Number of auctions: 108 Amount issued: EC$2.3 billion Amount raised: EC$2.2 billion Amount of subscriptions: EC$3.1 billion
26th September 2007	100th issue on the RGSM – Gov’t of St Vincent and the Grenadines
2nd August 2007	Two billion dollars raised on the market
27th July 2007	First 180-day treasury bill issued – Government of Saint Lucia
31st December 2006	Thirty (30) auctions recorded on the RGSM in 2006 – 25 Treasury Bills and 5 bonds
1st September 2006	Government of Dominica listed three (3) securities from their debt restructuring exercise on the secondary market.
25th July 2006	First 7-year bond issued on the RGSM– Government of Antigua & Barbuda.
25th July 2006	First foreign currency bond issued on the market – Government of Antigua & Barbuda.
15th March 2006	Antigua & Barbuda became the fifth Government to issue on the RGSM.
February 2006	The first road show outside of the ECCU was conducted by the Government of Antigua & Barbuda to the USA and Canada.
31st January 2006	50th Security issued on the RGSM – St Vincent and the Grenadines
31st December 2005	Eighteen (18) auctions recorded on the RGSM in 2005 – 16 Treasury Bills and 2 bonds
28th October 2005	One billion dollars was raised on the RGSM
July 2005	National Bank of Anguilla was the tenth broker to join the RGSM. CMMB opened a branch in Saint Lucia.
3rd February 2005	Lowest interest rate recorded on the RGSM to date – 3.90% for the Government of Saint Lucia, 91-day treasury bill.
January 2005	Caribbean Money market Brokers (CMMB (based in Trinidad & Tobago) became the ninth licensed broker on the RGSM.
31st December 2004	Eighteen (18) auctions recorded on the RGSM in 2004 – 13 Treasury Bills and 5 bonds
25th November 2004	First 6-year bond issued – Government of Saint Lucia
23rd July 2004	First 5-year bond issued – Government of Saint Lucia.
19th January 2004	Saint Lucia became the fourth Government to issue on the RGSM.
31st December 2003	Eleven (11) auctions were recorded on the RGSM in 2003. All were Treasury Bills.
16th July 2003	The first 365-day treasury bill issued on the RGSM was by the Government of Grenada. Grenada became the third Government to issue on the RGSM.
29th April 2003	Signing of the administrative procedures between RDCC and ECSRC.
26th March 2003	The first 91-day Treasury bill issued on the market was by the Government of St Vincent and the Grenadines. This was the second Government to issue on the RGSM.
March 2003	FINCOR based in Grenada became the eight licensed broker dealer
December 2002	National Mortgage and Finance Company (NMFC) of Dominica became the seventh licensed broker.
23rd November 2002	The first auction was held on the RGSM. Government of St Kitts and Nevis 10-year bond of EC$75m with a fixed price of 7.5%.
July 2002	The Government of St Kitts & Nevis conducted a road show across the ECCU, in collaboration with the ECSE and the fiscal agent.
April 2002	Two more financial institutions became licensed broker dealers: Antigua Commercial Bank and St Kitts Nevis Anguilla National Bank.
October 2001	Four financial entities were licensed to be broker dealers: ABI Bank, Bank of Nevis, Bank of Saint Lucia, National Commercial Bank of St Vincent.
24th November 2000	The Eastern Caribbean Securities Regulatory Commission (ECSRC) was established.
25th October 1996	The Regional Debt Coordinating Committee (RDCC) was established by the Monetary Council