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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 Provision of Systemic Liquidity Services by the Public Sector

27 Oct 2008 RDP 2008-06
Jonathan Kearns and Philip Lowe
RDP 2008-06: Promoting Liquidity: Why and How? 6. The Provision of Systemic Liquidity Services by the Public Sector. Jonathan Kearns and Philip Lowe. October 2008. Download the Paper 485. KB. To some extent, liquidity can be considered a public good.
https://www.rba.gov.au/publications/rdp/2008/2008-06/pro-systemic.html
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5.4 Focus Topic: Interest Rate Risk

6 Oct 2023 FSR – October 2023
5.4 Focus Topic: Interest Rate Risk | Financial Stability Review – October 2023
https://www.rba.gov.au/publications/fsr/2023/oct/focus-topic-interest-rate-risk.html

Appendix A: Data Summary

13 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
RBA statistical table F5 ‘Lending Rates’. Repurchase agreement. Repo rate (1 month bucket) from open market operations.
https://www.rba.gov.au/publications/rdp/2019/2019-09/appendix-a.html
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The Role of Collateral in Borrowing

20 Jan 2021 RDP 2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
Research Discussion Paper – RDP 2021-01 The Role of Collateral in Borrowing. Nicholas Garvin, David W Hughes and José-Luis Peydró. January 2021. 1.74. MB. 1. Introduction. Throughout history financial crises have been accompanied by credit
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
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The Consequences of Low Interest Rates for the Australian Banking Sector

21 Dec 2022 RDP 2022-08
Anthony Brassil
This was the case during the pre-COVID-19 period in Australia, when deposits held at the RBA were mostly funded by short-term repurchase agreements and foreign exchange swaps (Dowling
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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Macrofinancial Stress Testing on Australian Banks

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
Research Discussion Paper – RDP 2022-03 Macrofinancial Stress Testing on Australian Banks. Nicholas Garvin, Samuel Kurian, Mike Major and David Norman. September 2022. 1.97. MB. 1. Introduction. The failure of systemically important banks can have
https://www.rba.gov.au/publications/rdp/2022/2022-03/full.html
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The Australian High-Value Payments System

10 Mar 2004 FSR – March 2004
In the next 75 minutes, banks estimate their liquidity needs and, if required, undertake intra-day repurchase agreements with the Reserve Bank. ... By 5.15 pm, those banks that are not involved in global cross-currency settlements finalise their
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html

The Australian Money Market

1 May 1987 RDP 8702
Michael Dotsey
These operations consist of outright purchases and sales and repurchases and reverse repurchase agreements and are almost exclusively implemented through transactions with authorised dealers, although in unusual circumstances the Reserve Bank
https://www.rba.gov.au/publications/rdp/1987/8702/the-australian-money-market.html

Box D: The New Payments Platform and Fast Settlement Service

10 Apr 2018 FSR – April 2018
institutions to obtain funds from the Reserve Bank on pre-specified terms via intraday or open-dated repurchase agreements).
https://www.rba.gov.au/publications/fsr/2018/apr/box-d.html

Box A: The Basel III Liquidity Reforms in Australia

10 Mar 2015 FSR – March 2015
Through this facility, the Reserve Bank commits to provide pre-specified amounts of Australian dollar liquidity to banks subject to the full LCR, against a range of assets under repurchase agreement.
https://www.rba.gov.au/publications/fsr/2015/mar/box-a.html