Search: repurchase agreement
RBA Glossary definition for repurchase agreement
repurchase agreement – The vehicle whereby most Reserve Bank of Australia (RBA) domestic market operations are conducted. Repurchase agreements (usually called 'repos') involve the sale or purchase of securities with an undertaking to reverse the transaction at an agreed date in the future and at an agreed price. Repos provide flexibility in that they allow the RBA to inject liquidity on one day and withdraw it on another with a single transaction.
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International and Foreign Exchange Markets
10 Nov 2013
SMP
– November 2013
These increases – particularly on October and November bills – were largely unwound following the legislative agreement. ... the possibility of a default on US Treasury bills, which are commonly used as collateral in repurchase agreements (repos).
https://www.rba.gov.au/publications/smp/2013/nov/intl-fx-mkts.html
Domestic Financial Conditions
9 Feb 2023
SMP
- February 2023
PDF
2651KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/03-domestic-financial-conditions.pdf
Semi-Annual Statement on Monetary Policy
31 Jul 2003
SMP
PDF
24KB
Repo marketsIn securities markets, positions are usually. funded through repurchase agreements, orrepos.
https://www.rba.gov.au/publications/smp/1998/nov/pdf/box-b.pdf
Statement on Monetary Policy
12 Feb 2023
SMP
- February 2023
PDF
7754KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/statement-on-monetary-policy-2023-02.pdf
Introduction
15 Aug 2018
RDP
2018-09
Footnotes. ‘Repo’ is short for ‘repurchase agreement’. A repo is similar to a securities sale paired with a subsequent repurchase.
https://www.rba.gov.au/publications/rdp/2018/2018-09/introduction.html
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The Impact of Payment System Design on Tiering Incentives
28 Jan 2015
RDP
PDF
862KB
In RITS, intraday liquidity is provided through interest-free repurchase agreements (‘repos’) with the Reserve Bank of Australia (RBA), but participants incur an opportunity cost as collateral posted to access this ... 2 A repo is an agreement
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-06.pdf
Domestic Financial Conditions
5 Nov 2020
SMP
– November 2020
Offsetting this, liquidity obtained by banks via daily open market operations has continued to decline, as in aggregate banks have replaced this shorter-term repurchase agreement (repo) funding with longer-term
https://www.rba.gov.au/publications/smp/2020/nov/domestic-financial-conditions.html
Domestic Financial Conditions
4 Nov 2022
SMP
– November 2022
Repurchase agreement (repo) rates at the Banks regular open market liquidity operations (OMO) have also increased, with the OMO hurdle rate continuing to be set at term-matched OIS plus a
https://www.rba.gov.au/publications/smp/2022/nov/domestic-financial-conditions.html
Identifying Interbank Loans from Payments Data
6 Dec 2016
RDP
PDF
3267KB
paper; see Fraser and Gatty (2014) for more information. 4. The RBA offers banks interest-free intraday liquidity via repurchase agreements. ... settled in RITS; Section 5.3). Knowing agreement times is important for operational decisions.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf
Australia's RTGS System
31 Dec 2012
RDP
2012-05
free intraday repurchase agreements (repos).
https://www.rba.gov.au/publications/rdp/2012/2012-05/aus-system.html