12 National Insurance Property Development Company Limited (NIPDEC) NIPDEC is a fully owned subsidiary of the NIBTT. Its mission is to develop, manage and sell property, goods and services in partnership with the NIBTT and other organisations in Trinidad and Tobago, utilising a project management approach to bring value to their shareholders and stakeholders. Home Mortgage Bank (HMB) HMB is a subsidiary of the NIBTT. Its purpose is to develop and maintain a mortgage market in Trinidad and Tobago, contribute to the mobilisation of long-term savings to support the development of a system of real property and housing finance, provide leadership in the home finance industry and promote growth of the capital market. 100% 51% Trinidad & Tobago Mortgage Finance Company Limited (TTMF) TTMF is a subsidiary of the NIBTT. Its mission is to provide mortgage financing for the purchase of residential properties. Financial Year The financial year of the NIBTT is the 12-month period ending June 30. Related Bodies The National Insurance Appeals Tribunal The National Insurance Appeals Tribunal (NIAT) is an independent body comprising 11 members appointed by the President of the Republic of Trinidad and Tobago in accordance with Section 60 of the National Insurance Act. This body functions as a tribunal of fact for persons aggrieved by decisions of the Board with respect to their claims. Subsidiaries of the NIBTT 100%