Global Securities Finance Fixed Income Repo
... the repo market, transacting on specific securities either because
they have failed to receive securities that they are due to make
delivery on - they have deliberately sold a security short and are
using the loan to deliver against this position - or they hold
securities in high demand.
The secur ...
Slides from the press conference
... Real repo rate
Forecast, real repo rate, M PR 2008:2
Forecast, real repo rate, M PU April 2008
Nominal repo rate
Forecast, nominal repo rate, M PU April 2008
Forecast, nominal repo rate, M PR 2008:2
Repurchase agreements and the law
Emerging Market Repo
... are valued at the current market price plus accrued interest to date. The securities can be
delivered to the customer or its agent, or they can be safekept by Morgan Stanley. Upon
termination of the repo, the securities are returned to the original seller and the cash investor
receives back the orig ...
Repurchase Agreements – Benefits, Risks and Controls
... If a counterparty defaults, a loss may be realized on the sale of the underlying security to the extent that the
proceeds from the sale and accrued interest of the security are less than the resale price, including interest,
provided in the repurchase agreement. Moreover, should a counterparty decla ...
Is Cash still King?
... regulators against a backdrop of reduced
supply of eligible securities, creating an
imbalance between demand and supply.
1. ISIN code of Lithuanian securities (CD code of securities)
... LT000030000X – LT000039999X – Corporate bonds with maturity up to 1 year
LT000040000X – LT000049999X – Corporate bonds with maturity over 1 year
LT000050000X – LT000059999X – Government securities (T-bills) with maturity up to 1 year
LT000060000X – LT000069999X – Government securities (bonds) with m ...
The Impact of Collateral
... impact markets
Just as the deregulation of investment banks at the end of the last century had far-reaching effects over the two decades
that followed, so today’s re-regulation of capital markets will prove to be yet another defining moment in history. Already,
changing market liquidity is signallin ...
A repurchase agreement, also known as a repo, currency repo, RP, or sale and repurchase agreement, is the sale of securities together with an agreement for the seller to buy back the securities at a later date. The repurchase price should be greater than the original sale price, the difference effectively representing interest, sometimes called the repo rate. The party that originally buys the securities effectively acts as a lender. The original seller is effectively acting as a borrower, using their security as collateral for a secured cash loan at a fixed rate of interest.A repo is almost equivalent to a spot sale combined with a forward contract. The spot sale results in transfer of money to the borrower in exchange for legal transfer of the security to the lender, while the forward contract ensures repayment of the loan to the lender and return of the collateral of the borrower. The difference between the forward price and the spot price is effectively the interest on the loan, while the settlement date of the forward contract is the maturity date of the loan.