Global Master Repurchase Agreement: Difference between revisions
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*[[Master Repurchase Agreement]] - the market-standard repurchase agreement for the US. | *[[Master Repurchase Agreement]] - the market-standard repurchase agreement for the US. | ||
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Revision as of 16:28, 26 November 2018
GMRA Anatomy™
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The international market-standard master repurchase agreement, for doing repos.
A companion piece to the 2010 GMSLA, for securities lending.
See also
- GMRA Anatomy
- Master Repurchase Agreement - the market-standard repurchase agreement for the US.
- 2010 GMSLA
References
- ↑ We assume, for this purpose that under the repurchase transaction, the original seller’s right to repurchase securities is limited to fungible securities and that it has no right to repurchase the exact same securities that it originally sold. This assumption is consistent with market practice, as far as we are aware, in relation to securities repurchase transactions governed by English law, and is necessary to avoid a risk that the transaction might otherwise be characterised by an English court as a secured loan. [Footnote is ISDA’s]