Pricing Rate - GMRA Provision

2000 Global Master Repurchase Agreement
A Jolly Contrarian owner’s manual™

Resources and navigation

Resources: 2010 GMRA: Full wikitext · Nutshell wikitext Navigation 2000 GMRA Table of Contents · 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · Schedule · Equities Annex: EA 1 · EA 2 · EA 3 · EA 4 · EA 5 · Buy/Sellback Annex · BSA 1 · BSA 2 · BSA 3 · BSA 4 · BNA 5 Index: Click ᐅ to expand: GMRA

Paragraph 2(jj) in a Nutshell™

Use at your own risk, campers!

2(jj) The Pricing Rate for any Transaction is the agreed annual percentage used to calculate the Price Differential; view template

Full text of Paragraph 2(jj)

2(jj) “Pricing Rate”, with respect to any Transaction, the per annum percentage rate for calculation of the Price Differential agreed to by Buyer and Seller in relation to that Transaction; view template

Related agreements and comparisons

Related agreements: Click here for the same clause in the 1996 MRA, when we get round to finding out the first thing about it. Comparison: Knowing and, really, caring very little about other kinds of repo agreement, we have nothing presently to compare the Global Master Repurchase Agreement with.

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Content and comparisons

This is the repo rate. You multiply the Purchase Price by this rate, apply the relevant day count, and the result — the Price Differential — is the uplift that the Buyer expects over the life of the Transaction. This is made flesh in the Repurchase Price, which is the original Purchase Price plus the Price Differential.

A fat lot of good this definition is, in the abstract.