Repurchase Agreements (REPO)

• A repurchase agreement or Repo is an agreement of a simultaneous sale and purchase of security. Repurchase agreements should be backed by security, generally Treasuries
• Repo deposits are a money market instrument and could be of varied tenures. Hence this sort of instrument is widely used to invest short term and medium term funds
• The amount invested is not restricted and will be up to the discretion of the customers involved (for operational reasons HSBC has a minimum of LKR 1 million).
• Interest is paid on maturity

For further information, please call our Customer Service Centre on 4 4722 24 or stop by at your nearest HSBC branch.You could also contact us via e-mail.