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Repurchase Agreement (REPOS)

Repurchase Agreements are fixed income investments which provide attractive rates of return on short term funds at low levels of risk. Sterling’s repo rates are among the most competitive in the local market.

Features:
  • Available with tenors of 30 days, 90 days, 180 days and 365 days
  • United States Dollars
  • Principal and interest paid at maturity (N.B.Withholding tax is applicable)
  • Securities approved by the Financial Services Commission (FSC)
  • Minimum investment of US$10,000.00

Best for you if you require:

  • A low-risk investment option (for capital preservation)
  • Liquidity
  • Regular stream of income

Requirements:

  • completion of Account Opening Form (Download Account Opening Form)
  • photo ID (eg., driver’s licence or passport)
  • utility bill
  • payment in the form of a manager’s cheque
  • A copy of your TRN may be required
  • Additional forms may be required, please call and speak to one of our investment advisors.
 NB: overseas clients are required to have all documents notarized

 

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