Global Master Repurchase Agreement: Difference between revisions
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imported>Doug Williamson m (Added Michelle's ACT link) |
imported>Doug Williamson (Amended as discussed with Michelle Price 28-29 May 2013 & added link to ICMA website) |
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(GMRA). | (GMRA). | ||
A framework agreement between the two parties to a repurchase agreement (repo), containing standard | A framework agreement between the two parties to a repurchase agreement (repo), containing standard contractual provisions to apply to all the repo trades they enter into. | ||
The GMRA saves the need to agree these | The GMRA saves the need to agree these contractual provisions every time a trade is transacted. | ||
== See also == | == See also == | ||
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== References == | == References == | ||
1. http://tiny.cc/fqqhow | 1. http://tiny.cc/fqqhow | ||
2. http://www.icmagroup.org/Regulatory-Policy-and-Market-Practice/short-term-markets/Repo-Markets/frequently-asked-questions-on-repo/19-what-is-the-gmra/ | |||
Revision as of 09:26, 29 May 2013
(GMRA).
A framework agreement between the two parties to a repurchase agreement (repo), containing standard contractual provisions to apply to all the repo trades they enter into.
The GMRA saves the need to agree these contractual provisions every time a trade is transacted.
