Repurchase Agreements (Repos) are short term investments secured by debt instruments such as government or corporate bonds. Under a Repo, clients’ funds are invested at an agreed upon rate for a fixed period of time with a specified maturity date and backed by a specific security. At maturity, full payment of the initial investment plus the return becomes due as per the Repo contract.
This product is suited to the investor who is seeking a safe, short-term investment with an attractive return.
Features of KSBM Repurchase Agreements
- Backed by Investment Grade securities
- Denominated in TT$ and US$
- Offered in a range of tenors up to 2 years
- Most competitive rates in the market based on the underlying security and the tenor of the Repo
- All clients receive same day value for new investments
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Getting Started
- Complete a KSBM investment application form
- Provide two valid forms of national photo ID per signatory
- Corporate clients are required to provide additional information as per KSBM’s Corporate Client Checklist
- Minimum investment is TT$100,000.00 or US$ equivalent and can be made via wire transfers, bank drafts or manager’s cheques
- Complete a Source of Funds Declaration form as per KSBM’s Anti-Money Laundering Policy in accordance with Central Bank of Trinidad & Tobago guidelines
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