News

Introduction of the Revised Retail Repurchase Agreement (Repo) Structure

July 27, 2015

Effective August 17, 2015, assets that are used to secure a retail repurchase (repo) agreement will be held in "trust" by the Jamaica Central Securities Depository (JCSD) Trustee Services Limited, instead of in the custody of securities dealers, such as JMMB. The Financial Services Commission (FSC) has advised that this decision is part of the Government of Jamaica's national reform strategy, to reduce the potential risk of loss associated with retail repos, should there be disruption in the functioning of the sector or an individual entity. Read More »

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