Repurchase Agreements

 

These are collateralized instrument* of top corporations such as Ayala Corporation, Aboitiz Equity Ventures, etc.

 

Target Market

Individuals and corporations who are looking for higher yielding investment alternatives.

 

Product Features

 

Minimum Investment Requirement 

P5,000,000.00

Tenor

Varies daily, minimum tenor of 15 days

Rate

Varies daily depending on market and tenor

Interest Computation

Simple Interest Computation /Interest paid in arrears: (Principal x Net Rate x Tenor) /360

Tax Feature

Subject to the 20% withholding tax

Documentation

Repurchase Agreement

Advantages

Earns competitive interest rates compared with other money market products

Collateralized instrument of top corporations.

Trading Hours

Cut-off time is 12:00 noon

Required Documents

3rd party documents

 

*This is not a deposit account. Earnings are not assured and principal amount invested is exposed to risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly explained. If you do not fully understand this product, do not purchase or invest in it.