Global Master Repurchase Agreement: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 4: | Line 4: | ||
A companion piece to the {{gmsla}}, for securities lending. | A companion piece to the {{gmsla}}, for securities lending. | ||
{{ | {{Sa}} | ||
*[[Master Repurchase Agreement]] - the market-standard repurchase agreement for the US. | *[[Master Repurchase Agreement]] - the market-standard repurchase agreement for the US. | ||
*{{gmsla}} | *{{gmsla}} | ||
{{ref}} | {{ref}} |
Revision as of 14:54, 30 December 2020
GMRA Anatomy™
|
The international market-standard master repurchase agreement, for doing repos.
A companion piece to the 2010 GMSLA, for securities lending.
See also
- 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]