The variety of issues (i.e. 91 day T-bills, 1-year, 5-year, and 10-year bonds) allows the investor to satisfy short, medium, and long-term investment objectives. An investor may look to the RGSM if seeking an investment vehicle to help with the purchase of a home or automobile in the near future, or tuition for the children when they go to school, or to supplement a retirement plan. Or simply to diversify their portfolio to reduce risks.
Regulation of the activities of the issuers (Governments) is the responsibility of the Regional Debt Coordinating Committee (RDCC) which comprises the Financial Secretaries/Directors in the Ministries of Finance of each member country. The Governor of the ECCB, or his designate, is an ex-officio member of this Committee.
An investor may obtain additional information about the Regional Government Securities Market through the Fiscal Agent (ECCB), the Debt Management Unit of the respective governments, the intermediaries established in the market; the Eastern Caribbean Securities Exchange and the Eastern Caribbean Securities Regulatory Commission.
The RGSM is an arrangement aimed at integrating the market for government securities across the eight ECCB member countries of Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia, and St Vincent and the Grenadines.
The regional market allows all member governments to issue their securities throughout the member countries and beyond, allowing residents and non-residents to buy and sell the securities of their choice. This initiative deepens the investor base for government securities by enhancing the investment options available to investors by enabling investment opportunities.