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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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Daily Equilibrium
1 Dec 1992
RDP
9214
U. d. t. = net repurchases of CGS by the Reserve Bank as a result of past sales under repurchase agreements (negative if resales). ... Banks do not lend non-ES funds to dealers directly, but can sell or buy securities with them for non-ES payment,
https://www.rba.gov.au/publications/rdp/1992/9214/daily-equilibrium.html
Introduction
1 Dec 1992
RDP
9214
In this context, “lend” should be taken to include buying securities and “borrow” should be taken to include selling securities (either outright or under repurchase agreements).
https://www.rba.gov.au/publications/rdp/1992/9214/introduction.html