We continue our three-part series on Repo Guidelines and focus our discussion this week, on Sections V to XIII of the Sales and Repurchase Agreement Guidelines. According to Section V of the Repo Guidelines, Repo sellers must ensure that all collateral securities are either registered with the Commission, or registered in accordance with the securities laws or regulations of an Approved Foreign Jurisdiction. Additionally, collateral for Repo sales to Non-Institutional Investors or the individual/ordinary investor, should be restricted to the following:
- Treasury Bills and Notes issued by the Government of Trinidad and Tobago (“GORTT”);
- Bonds and Eurobonds issued or guaranteed by the GORTT, provided they were issued in Trinidad and Tobago;
- Bonds issued by state agencies and statutory bodies of the GORTT; and
- Corporate Bonds listed on the Exchange.
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