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GMRA Anatomy™
In a Nutshell™ Clause 1(a):
1(a) The parties acting through their Designated Offices, may enter into Transactions in which:
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Global Master Repurchase Agreement full text of Clause 1(a):
1(a) From time to time the parties hereto may enter into Transactions in which one party, acting through a Designated Office, (“Seller”) agrees to sell to the other, acting through a Designated Office, (“Buyer”) Securities and financial instruments (“Securities”) (subject to paragraph 1(c), other than equities and Net Paying Securities) against the payment of the purchase price by Buyer to Seller, with a simultaneous agreement by Buyer to sell to Seller Securities equivalent to such Securities at a date certain or on demand against the payment of the repurchase price by Seller to Buyer.
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