Template:Nutshell GMRA Purchase and Repurchase

2(ii) The Price Differential for any Transaction is Pricing Rate * Purchase Price * day count fraction for the actual number of days from (and including) the Purchase Date to (but excluding) the earlier of the calculation date and the Repurchase Date;
2(jj) The Pricing Rate for any Transaction is the agreed annual percentage used to calculate the Price Differential;
2(kk) “Purchase Date” means the date on which Seller is to sell Purchased Securities to Buyer in a Transaction;
2(ll) “Purchase Price” means the price at which Seller sells the Purchased Securities to Buyer on the Purchase Date;
2(mm) “Purchased Securities” means the Securities sold by Seller to Buyer under a Transaction, and any New Purchased Securities Seller transfers to Buyer under the Substitution paragraph under that Transaction;

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2(oo) “Repurchase Date” means the date on which Buyer is to sell Equivalent Securities to Seller under a Transaction;
2(pp) Repurchase Price is the sum of the Purchase Price and the Price Differential, which in turn is calculated as Pricing Rate * Purchase Price * day count fraction. The Pricing Rate is the agreed “repo rate”.