Brokerage and Investment Services

Our Brokerage and Investment service allows you to meet your financial goals through investing. Cognizant of the need for investment opportunities, we enhanced our suite of products and services and launched the Brokerage and Investment Services Unit in November, 2017. Whether you choose to invest in regional companies or governments, rest assured that your investment goals will be our priority.

Our licensed representatives are eager to assist you by:

  • Clarifying your investment objectives
  • Defining your risk appetite
  • Offering investment recommendations
  • Participating in auctions for debt investments on the Eastern Caribbean Securities Exchange (ECSE)
  • Trading equity instruments

Requirements for starting an investment relationship

You have the option of trading as an individual or as a business. To start a relationship and begin investing, you will need to open an account with the Brokerage & Investment Services Unit. You can begin by choosing the appropriate account type below.

Corporate Individuals

If you need to raise financing by issuing equity or debt instruments, our capital market services is the solution for you.

Target clients:

  • Governments
  • State-owned enterprises
  • Publicly listed corporations
  • Privately owned businesses

Services offered:

  • Arranging
  • Underwriting
  • Structuring
  • Initial/Additional public offers
  • Private placements
  • Lead broker services

The Eastern Caribbean Securities Market (ECSM) offers a list of public companies within the region as investment options. The Brokerage & Investment Services Unit (BISU) can also facilitate trading services in non-listed companies buying and selling shares. 

Securities of listed companies can be purchased during:

  • An Initial Public Offer (IPO)
  • An Additional Public Offer (APO)
  • A Private Placement

Further information these companies can be found at

Clients can acquire and trade debt instruments issued by Governments or reputable corporations via auctions or private placements.

Investment options include:

  • Short and long term debt instruments
  • Commercial papers
  • Repurchase agreements

As an intermediary of the Eastern Caribbean Securities Exchange (ECSE), the Bank provides several administrative services that help clients with the management of their investment portfolio. These services include:

  1. Modifying dividend payment options
  2. Updating investor information
  3. Transferring ownership of securities
  4. Gifting and donating equity instruments

Open an account

The client needs to meet the account opening requirements of the Brokerage & Investment Services Unit which include:

Find out more

Steps to trade securities

Purchase securities

  1. Open a brokerage account
  2. Complete a Purchase Order form
  3. Make payment for the trade
  4. Receive notification of the trade
  5. Obtain a Confirmation Statement for successful trade

Sell securities

  1. Open a brokerage account
  2. Complete a Sell Order form
  3. Provide proof of ownership of securities
  4. Receive notification of the trade
  5. Obtain a Confirmation Statement and payment for successful trade

Frequently Asked Questions (FAQ)

What types of Brokerage and Investment Services are offered by Grenada Co-operative Bank Limited?
  1. Administrative services to facilitate transactions as an intermediary between the client and the Eastern Caribbean Securities Exchange (ECSE).
  2. Purchase and Sale of equity and debt instruments on behalf of clients
  3. Arranging of securities on behalf of issuers
How do I apply to trade on the Eastern Caribbean Securities Market?
  1. Online – via link to the application form. Start the application process by meeting the Account Opening Requirements and completing a trade form.
  2. Call the Bank at 1 (473) 440-2111 (Finance Department) to speak to a Registered Representative to set up an appointment.
  3. Visit the Bank at its physical location at Building No. 8, Church Street, St. George’s, Grenada.
What securities can be purchased and what are the prices?

The GCBL Brokerage & Investment Services Unit facilitates the purchase and/or sale of securities from companies that are listed on the ECSE. See

The price of the securities can also be verified with the Registered Representative.

What is the minimum number of shares I can purchase?

There is no minimum number of shares that can be purchased. 

A bid can be placed to purchase or sell any number of shares. Shares will be traded based on availability and at the best price for both traders.

What is the Bank’s policy on Anti-Money Laundering?

Grenada Co-operative Bank Limited has established policies for Anti-Money Laundering and Countering the Financing of Terrorism. These policies are in compliance with, and required by, the legal and financial framework. 

Grenada Co-operative Bank Limited has absolutely no tolerance for activities that are geared to be fraudulent or misleading. Any such activities will be reported to the authorities accordingly.

How can investments in securities be financed?

Payments can be made to Grenada Co-operative Bank Limited via cheques, drafts and wire transfers. All cash must be presented to a Retail Banking Unit.

What are the fees associated with investments?

A minimal fee of XCD $25.00 will be charged for normal administrative services. Additional fees will be required based on the type of services required.

A Registered Representative will be happy to confirm the final charges for all transactions as additional ECSE fees may apply.

How do I choose an investment option?

Choosing an investment option depends on several factors such as age, personal circumstances, financial commitments, liquidity needs and risk appetite.

Can investors change their minds and withdraw an investment(s) at any time?

Yes. An investor can withdraw an investment prematurely, however there will be a fee incurred for this service. In terms of a trade, more information can be obtained from a Licensed Agent at the Bank. See contact information.

How can I keep track of my investments?

You will be provided with regular quarterly statements. You are also welcome to contact us to review your existing portfolio. We may provide suggestions for your consideration based on ad hoc market situations and new personal or financial developments.