Repurchase transaction - SFTR Provision

SFTR Anatomy™ Regulation on Transparency of Securities Financing Transactions and of Reuse (2015/2365/EC (EUR Lex)), aka the securities financing transactions regulation →Go uptown Article 3(9), SFTR 3(9) ‘repurchase transaction’ means a transaction governed by an agreement by which a counterparty transfers securities, commodities, or guaranteed rights relating to title to securities or commodities where that guarantee is issued by a recognised exchange which holds the rights to the securities or commodities and the agreement does not allow a counterparty to transfer or pledge a particular security or commodity to more than one counterparty at a time, subject to a commitment to repurchase them, or substituted securities or commodities of the same description at a specified price on a future date specified, or to be specified, by the transferor, being a repurchase agreement for the counterparty selling the securities or commodities and a reverse repurchase agreement for the counterparty buying them; (view template) Primary source The ludicrous industry-standard title transfer disclosure document Articles | 3(8) | Buy-sell back transaction | 3(9) Repurchase transaction | 3(10) Margin lending transaction | 3(11) Securities financing transaction | 3(12) Reuse Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

A component of the definition of securities financing transaction in Article 3(11) that otherwise does not feature in SFTR.