Repurchase Agreements

If you are looking for a short or medium term investment, we have Repurchase Agreements (Repos) that will provide attractive returns in the following currencies:

  • Jamaican dollars
  • United States dollars

 

Minimum transaction size in J$ currency Minimum Transaction Size US$ Currency
J$1,000,000 US$10,000

 

Contact a Wealth Advisor at 888-SAGICOR (724-4267) today for more details on including Repurchase Agreements in your investment portfolio. 

Benefits

  • Competitive fixed interest rates—within the investment period.
  • Interest payment options available.
  • Option to reinvest the interest payments to the matured principal or have it deposited into your personal account
  • Flexible terms from 30 days to 1 year
  • Automatic renewal options available

Requirements & Regulations

  • A valid Photo Identification (e.g Driver’s Licence, Passport, National ID, Voter’s ID)
  • A Retail Repo Jamaica Centralized Securities Depository Trustee Services Account (for both new and existing customers)
  • A valid TRN card from Tax Administration Jamaica (TAJ) for all account holders
  • Two Character References (e.g Justice of the Peace, Notary Public, Clerk of Court, Attorney at Law)
  • Proof of Address
  • Proof of Source of Funds or Root of Income
  • Completed and signed Client Account Opening Form
  • Completed and signed Master Retail Repurchase Agreement
  • Completed and signed Customer Information Form
  • Completed and signed Account Mandate

Questions?

For more information on Repurchase Agreement, click here.