RE: B-FXITT – FLASH INTERVENTION TOOL -SALE OPERATION
The Bank is receiving applications for the sale of US Dollars via the JamClear® Central Securities Depository [JamClear®-CSD] between the hours of 8:45am to 9:45am on 2 October 2026 as follows:
The conditions for participation in the operation are as follows:
Bank of Jamaica is restricting the price at which B-FXITT Participants resell the intervention funds to a maximum spread of J$0.20 on the buy price. Additionally, re-sale recipients are limited to end-users as defined by Bank of Jamaica. End-Users are non-financial commercial client entities that are funding obligations for essential goods and services. Bids will be received via the JamClear®-CSD. At the close of the auction, each participant will be able to view their successful and unsuccessful bids via the JamClear®-CSD. The overall result of the operation will also be dispatched by email by 10:30am. The allocation of bids will start at the highest bid price to the lowest bid price, subject to a calculated Reserve Price, until the operation amount is fully allotted or all bids are fully allocated. Bids at the cut off price that are not fully allocated will be allocated on a pro‐rata basis rounded to the nearest USD 1,000.All accepted bids will settle at the price of the lowest accepted bid (cut-off price).Bids above the Highest Reserve Price and below the Lowest Reserve Price will not be eligible for allocation.There is a minimum bid size of USD 100 000.00. Bids above this amount should be rounded to the nearest USD 25,000.00. Bids not in keeping with this requirement will be deemed ineligible.Each entity may submit up to three (3) bids in the operation. Bids in excess of this limit will be rejected on the basis of the bid price ranked from highest to lowest. Note that participation in this operation is not mandatory for B-FXITT Participants.
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