ECCB 2017-2018 Annual Report and Statement of Accounts

ECCB ANNUAL REPORT 2017/2018

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between member governments and licensed brokers with the aim of strengthening the relationship of these two major stakeholders operating in the RGSM. The Regional Debt Coordinating Committee (RDCC), which serves as the oversight body for the RGSM, met in July 2017. During the year, the RDCC continued to approve the issuance calendar of member governments’ debt issued on the RGSM.

Participation in the RGSM in 2017 was predominantly from financial institutions, which accounted for 86.0 per cent of the bids. In the wake of hurricanes Irma and Maria, the Bank facilitated dialogue between member governments and licensed brokers to ensure that there was no disruption in the RGSM. The Bank, in collaboration with its development partners, conducted an analysis of arrangements

Chart 4 - Value of bids on the RGSM by investor type in 2017 (EC$M)