FIXED INCOME- JA$ Barita Investments Limited is a Primary Dealer for the central
bank, Bank of Jamaica. We trade securities offered by them
on a daily basis. The following are the different types of securities
offered:
Reverse Repurchase Agreement (REPO)
This instrument is offered on a daily basis. The minimum
investment is $50,000. It is currently available
in the following terms:
30-day; 60-day; 90-day; 120-day; 180-day; 272-day; 365-days
Treasury Bills
Treasury Bills are usually issued monthly. Limited amounts
are offered and are purchased by way of a bidding system,
where the bid with the highest price gets allotted first.
These instruments are mostly for 6 months, but vary from 3
to 12 months. The minimum bid we take is $50,000.
Debenture
The central bank issues debentures on an average two to three
times per year. The terms range from one to two-and-a-half
years. The interest rate is usually fixed; however, the rate
is sometimes tied in with Treasury bill rates and is paid
half-yearly or quarterly. One may purchase as little as $10,000.
Local Registered Stock
LRS are now issued via a bidding system. These are issued
at various intervals - sometimes dependent on monetary policies.
The terms on these instruments range from one year to thirty
years. Interest is paid either quarterly or semiannually.
The minimum bid accepted by us is $50,000.
Sonia Owens
Trading & Investment Manager
Contact Sonia Owens or your assigned Accounts
Executive
Telephone #:(876) 926-2681
JA$ Fixed Income Rates
Last Update:-November 20, 2008
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Over-Night
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7-day call
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30 days
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60 days
|
90 days
|
120
days
|
180 days
|
270 days
|
365 days |
$100,000 TO $199,999
|
n/a
|
4.00 |
10.50 |
10.75 |
11.00 |
11.25 |
11.50 |
11.75 |
12.00 |
$200,000 TO $499,999
|
n/a
|
4.00
|
10.75 |
11.00 |
11.25 |
11.50 |
11.75 |
12.00 |
12.50 |
| $500,000 TO $749,999 |
2.00
|
4.00 |
11.25 |
11.50 |
11.75 |
12.00 |
12.25 |
12.50 |
13.75 |
$750,000 TO $999,999
|
2.00
|
5.00
|
11.75 |
12.00 |
12.25 |
12.50 |
12.75 |
13.00 |
13.25 |
| $1,000,000 TO $1,999,999 |
3.00 |
5.00 |
12.25 |
12.50 |
12.75 |
13.00 |
13.25 |
13.50 |
14.00 |
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Interest paid on a per-annum basis - Rates over $2M negotiable - Rates subject to change without notice....
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