• To increase the quantity of funds available to finance industry
• To direct the flow of new savings towards investment in industries where expansion of facilities is most desirable

Does CMMB have a seat on the stock exchange?
Yes we do! CMMB has a seat on the Trinidad and Tobago Stock Exchange as well as Eastern Caribbean Stock Exchange (ECSE) and we trade through an the Barbados Stock Exchange (BSE). We don't have a seat on the Jamaica Stock Exchange (JSE) but we trade through an associated company, JMMB Securities Limited

What stocks does CMMB trade?
CMMB trades in all the stocks that are listed on the region's stock exchanges. Through our correspondent brokers we can assist clients who wish to conduct trades on other International Stock Exchanges., e.g. New York Stock Exchange or the London FTSE..

What are the trading days?
Trading on the Trinidad and Tobago Stock Exchange (TTSE) and the Barbados Stock Exchange (BSE) takes place on Tuesdays, Wednesdays and Fridays, from 9:30am to 12.00 noon.. Trading on the Jamaica Stock Exchange (JSE) occurs Monday to Friday from 9am to 1pm and The Eastern Caribbean Stock Exchange (ECSE) is available for trading Monday to Friday, 9.30 to 1.00 p.m..

Why should I invest through CMMB?
We offer an integrated portfolio management services through our full service capability, which covers both stocks, and bond investments.

In addition, we offer excellent client care standards and a wealth of knowledge and investment guidance from our team members.

What do I need to sell my shares?
Your shares must also be lodged in the Central Depository of the Stock Exchange on which you wish to sell them. For example, if you wish to sell your shares on the Jamaica Stock Exchange (JSE), your shares must be deposited with the Jamaica Central Depository first before it can be sold on the JSE .

You will need:

• Id for the person(s) named as beneficial owner(s)of the shares to confirm that the owner(s) are indeed the ones selling the shares
• If the owner is not present, he must send written instructions to the effect that he would like x number of shares sold. A copy of his id will also be necessary to confirm the signature

Can somebody who is not the owner of a share certificate sell the shares?
No. Except in the case where:

• the person whose name is on the certificate is deceased, and the heir(s) wish to sell the shares; Letters of Administration, or the Will, must be brought in to certify that this(ese) person(s) is(are) authorized to sell the shares on behalf of the deceased.
• the shares are jointly owned, and one person dies, then according to T&T Laws ownership automatically reverts to the other person(s); the Death Certificate must be brought in to confirm the death of the individual

How does CMMB go about selling shares?
Our dealer goes to the stock exchange with a record of the orders (buying and selling) to be executed on behalf of our clients.

How long does it take to get shares sold?
The length of time taken for shares to be bought or sold is dependent on the state of the market. Shares that are in great demand can be easily sold. Shares that are in great supply may take some time to be sold.

What happens if all or some of the shares are not sold?
If all of the shares are not sold, you will be informed and you can do one of the following:

• Cancel your sell order for the remaining shares, which will remain in your TTCD account
• Change your sale order to reflect new terms for the unsold portion of the shares you wish to sell (i.e. decrease the limit price)
• wait for all the shares to be sold at your stated limit price

What do I need to purchase shares?
You can make your request to us via the telephone or by coming in to CMMB. We simply need you to sign an instruction sheet, which describes the details of the shares you would like to purchase. Also a TTCD account will be opened for you, and you need to open a Money Market Account at CMMB, to effect settlement, and lodge an amount equal to 115% of the estimated value of the shares to be purchased. This additional 15% is required in the event that the share's price increases between order and purchase.

Can I make a down payment towards the purchase of shares?
We require funds to be deposited to a Money Market Account amount to not less than 115% of the estimated value of the shares to be purchased, to cater for any price changes between the date of order and the date when the shares are actually purchased. These funds earn a return equal to the Money Market Rate prevailing at the date of investment, with daily compounding of returns on the account. The account is opened at no cost to the investor and no service charges are associated with the maintenance of such an account.

What if requested shares are not available?
You will be kept informed on the status of your requested purchase. We will continue to try to purchase the stocks for you until you change this request. You will be reimbursed for any down payments you may have made should you decide to cancel the request.

When do I pay for purchased shares?
We will inform you of the purchase of the shares and the amount payable to CMMB. You have up to 11 am on the settlement day to pay CMMB. Settlement date for transactions on the TTSE and BSE is within 5 working days of the transaction. Transactions on the JSE are settled in 3 working days and transactions on the ECSE are settled on the next business day.

What forms of payment does CMMB accept for share purchases?
CMMB accepts:

• Cash in amounts up to TT$10,000. or US$2,000 or €1,000 or Bds$10,000.
• Managers cheques/Bank drafts
• Personal cheques - subject to approval by management
• LINX debit card payments
• Cheques must be made payable to CMMB Securities Limited.

Can CMMB deduct monies from my CMMB money market account for any share purchases I make?
Yes! You need only send us written instructions authorizing any encashments and we can facilitate you in this way.

Are there any service charges? How are they deducted?
Your stockbroker charges a fee called a commission, each time you buy or sell a stock for the services the firm provides. When you buy you pay your broker for the value of the stock plus the commission and other charges. When you sell your stock, you receive the value of the stock less the commission and other charges.

Commission fees and charges are dictated by the Stock Exchanges.

The normal fee structured for the TTSE is as follows:

1.5% on the first $50,000 of consideration

1.25% on the second $50,000 of consideration

1% for any other amounts thereafter on the sale or purchase price

( There is a minimum commission charged of TT$15.00)

There is also a Stock Exchange transaction charge of .15% (minimum $1.00) and a 25c stamp charge.

Jamaica:

0.15625 % on either side of the transaction. General Consumption Tax of 15 per cent is charged on both the commission and the Jamaica Stock Exchange's Cess

What are CMMB's opening hours?
CMMB opens for business Monday to Friday from 8am to 4pm.