overview

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


 

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 License, 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

•            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

For more information on Repurchase Agreement, click here.

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