Barita Investments Limited is a Primary Dealer for the central bank, Bank of Jamaica. We trade securities offered by them on daily. The following are the different types of security 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.

US$-Indexed Bond.

These are issued approximately twice per year. They are purchased using Jamaican Dollars. Principal and interest may be paid either in Jamaican or United States Dollars. At the time of purchase, the US$ value is noted, using the last ten-day exchange rate for conversion. Upon maturity, the last ten-day average exchange rate is used for conversion, hence hedging against devaluation. Minimum purchase is US$1,000.

US$ Bond

US$ Bonds are issued occasionally, sometimes no more that once for the year. These are paid for in US$, and principal and interest are repaid in US$ as well. The minimum is set is US$1,000.

GOJ US$ Eurobonds.

These instruments are book value only, and are sold by our Central bank to the overseas market. These can be purchased through us. They are paid for in US$, with the minimum being US$10,000. Currently, tenures are from 2-years to 20-years. Interest is paid half-yearly or quarterly.