Notice: The Ministry of Finance advises that there is an extension for the submission of STIPs applications. Please view the advisory here
Short Term Investment Products (STIPs)
Welcome to the Short Term Investment Products (STIPs) information page. Here you will find information regarding the payout process as initiated by the Ministry of Finance.
If you are already familiar with the process, you can access the forms here.
Which products are considered Short Term Investment Products?
These products include:
- Executive Flexible Premium Annuity (EFPA), including EFPA II, EFPA IV and ESPA
- Colonial Life Core Fund Series 6 (CSI)
- Group Advanced Protection (GAP)
- Guaranteed Annuity Advanced Performance Policy (GAAPP)
When will the Payment Process begin?
Applications will be processed in alphabetical order as listed below. Persons who are unable to make these appointed dates are kindly requested to visit the Processing Centres from Monday 12th March, 2012.
| Surname |
Date of Processing |
| A-J |
March 1,2,5 |
| K-R |
March 6,7,8 |
| S-Y |
March 9 |
Processing Centres
The processing centres listed below will be open Monday to Friday from 8 a.m. to 2:30 p.m.
| Agency |
Address |
Telephone Number |
| CLICO Head Office |
29, St. Vincent Street, Port of Spain |
671-7224 |
| CLICO Chaguanas Branch Office |
24, Mulchan Seuchan Road, Chaguanas |
671-4261-2/671-9772/672-2118-20/672-2122 |
| Cipero Street Branch Office |
124, Cipero Street, Gooding Village, San Fernando |
653-9629/653-9683/653-2226/657-6425/657-9710 |
| Tobago Branch Office |
Corner of Robinson & Main Streets, Scarborough |
639-6106/639-1576 |
| Tunapuna Branch Office |
10, Eastern Main Road, Tunapuna |
663-0745/662-5379/662-3695/662-4412 |
Documents which must accompany application forms:
- Valid identification (ID Card, Passport, Driver's Permit - copy required)
- Original certificate (If lost, a Mutual Funds Lost Certificate Declaration Form witnessed by a Commissioner of Affidavits)
- Release of Assignment duly stamped by the Board of Inland Revenue (if applicable)
- Notarized letter and ID for clients residing abroad
- Power of Attorney (where applicable)
- Mutual Funds Deed of Trust Schedule I OR Mutual Funds Deed of Trust Schedule II - (Please print these forms on both sides on legal sized paper - 8.5 x 14 inches)
- Signed Statutory Declaration Form (and witnessed by a Commissioner of Affidavits)
- For Certificates where there are joint owners ("AND"), all owners MUST sign
- Official documentation with respect to Owner's Bank, Branch and Bank account number
Other important information:
- Values payable were independently validated
- For each Certificate over $75,000, a separate application form must be submitted
- Monies that are to be paid to Certificate Owners will be deposited directly into their Bank account
- Cheques will be issued to Certificate Owners or Eligible Payees if they do not have a local bank account
- The closing date for applications will be September 30th, 2012.
Forms
Download and print the forms that are relevant to you. All forms must be printed on legal sized paper - 8.5 x 14 inches.
Note: Forms require Adobe Acrobat Reader, which is freely available by clicking the icon below (link opens in new window).
| Form |
Purpose |
| Payment Request Application Form |
This form MUST be completed by all clients to access the Principal Balance on their Short Term Investment Products (STIPs).
(Please print this form on legal sized paper - 8.5 x 14 inches).
|
| Mutual Funds Lost Certificate Declaration Form |
This form must be completed by clients who have lost their original Mutual Funds certificate and be witnessed by a Commissioner of Affidavits. The certificate will be advertised in the press and final processing will begin six weeks thereafter.
|
Mutual Funds Deed of Trust - Schedule I
|
This form must be downloaded only by CSI Unit holders who reside outside of the Republic of Trinidad and Tobago.The form must be Notarized.
(Please print this form on both sides on legal sized paper - 8.5 x 14 inches).
|
Mutual Funds Deed of Trust - Schedule II
|
This form is applicable to STIPs Mutual Fund CSI 6 certificates that are assigned and is to be completed in quadruplicate. This form must be completed by BOTH Owner & Assignee .
(Please print this form on both sides on legal sized paper - 8.5 x 14 inches).
|
Mutual Funds Third Party Statutory Declaration Form - Schedule V
|
This form must be completed by all clients to confirm that they are neither presently nor have been in 2008 - 2009 a Director or Officer of CLICO Investment Bank, Colonial Life Insurance Company [Trinidad] Limited, British American Insurance Company (Trinidad) Limited, Caribbean Money Market Brokers or CL Financial Limited. (See definition of 3rd Party here). The form must be witnessed by a Commissioner of Affidavits.
(Please print this form on legal sized paper - 8.5 x 14 inches).
|
|
Advisory to Core Fund Series over $75,000