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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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The Committed Liquidity Facility: 2015–2022

25 Jan 2024 Bulletin – January 2024
Fabio Rustia, Carl Schwartz and Nick Stenner
The Reserve Bank’s Committed Liquidity Facility (CLF) was used from 2015 to 2022 to enhance the resilience of the banking system to times of liquidity stress.
https://www.rba.gov.au/publications/bulletin/2024/jan/the-committed-liquidity-facility-2015-2022.html

Reporting Australia's Foreign Reserve Holdings

7 Dec 2017 Bulletin – December 2017
Chris Potter
The Reserve Bank of Australia reports details of Australia's official reserve assets, foreign currency liquidity and net foreign reserves on a monthly basis. This article details changes that will make the Bank's reporting methodology consistent
https://www.rba.gov.au/publications/bulletin/2017/dec/1.html

The Reserve Bank's Collateral Framework

7 Dec 2017 Bulletin – December 2017
Yasaman Naghiloo and David Olivan
The Reserve Bank, like other central banks, holds collateral to reduce the risk of financial loss in its domestic market operations. The Reserve Bank's collateral framework sets out how the diverse portfolio of collateral assets is managed and
https://www.rba.gov.au/publications/bulletin/2017/dec/2.html

The Reserve Bank's Domestic Market Operations

10 Dec 1990 Bulletin – December 1990
Securities used in repurchase agreements can be of longer maturities, and do not need to be linked to the maturity of the repurchase agreement. ... Foreign currency swaps also are used sometimes as a substitute for securities repurchase agreements.
https://www.rba.gov.au/publications/bulletin/1990/dec/2.html

June | 2021

17 Jun 2021 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2021/jun/

Central Counterparty Margin Frameworks

7 Dec 2017 Bulletin – December 2017
Louise Carter and Duke Cole
A central counterparty's (CCP's) margin framework can affect the activity of market participants and the broader functioning of the financial system. This potential impact on financial stability is an area of focus for authorities – in Australia
https://www.rba.gov.au/publications/bulletin/2017/dec/10.html

June | 2017

15 Jun 2017 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2017/jun/

Topic: Finance

12 Mar 2019 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/finance/

The Domestic Market for Short-term Debt Securities

10 Sep 2011 Bulletin – September 2011
Matthew Boge and Ian Wilson
Graph 2. Since 2004, bank bills and CDs issued by authorised deposit-taking institutions (ADIs) have been eligible for sale under repurchase agreement (repo) to the Reserve Bank in its market ... The Reserve Bank's proposed committed liquidity facility
https://www.rba.gov.au/publications/bulletin/2011/sep/5.html

Semi-Annual Statement on Monetary Policy

10 Nov 1999 Bulletin – November 1999
This is based on the assumption that there will be no second-round GST impacts, via compensatory wage agreements or opportunistic pricing decisions. ... Since the March agreement between major oil producers to cut production, oil prices have risen sharply
https://www.rba.gov.au/publications/bulletin/1999/nov/1.html