The JCSD Trustee Services (JCSDTS) was established in July 2008 to provide transparent, reliable and cost-effective trustee services in line with JSE Group’s diversification strategy. The company started with one department which provided trust services to the Issuers of corporate bonds and collective investment schemes. Our first client was Scotia Investments Jamaica Limited with their unit trust funds. Over the years our business has grown and currently we act as trustee for over 200 corporate notes, bonds and structured products. We are also the custodian for eight (8) of the ten (10) registered CIS in Jamaica.
As an agile trustee services provider, in 2015, in response to the retail repo market reform, the JCSD Trustee Services agreed to custody securities that secured all retail repo contracts. The Retail Repo Unit’s mandate is to ensure that these underlying securities are held apart from the Security Dealer’s assets so that in the event of a default, the investors’ interests are protected.
In response to a need in the market for independent calculation of a fund’s Net Asset Value (NAV) and fund accounting services, the Fund Accounting Services Unit was created in 2019.