Search: repo
RBA Glossary definition for repo
repo – 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 Repo and Unsecured Markets' Reactions to Stress
20 Jan 2021
RDP
2021-01
in contrast to the tightening observed in US repo markets against private collateral (Gorton and Metrick 2012). ... Louis; RBA. The heavy decline in AGS repo rates likely included special repos.
https://www.rba.gov.au/publications/rdp/2021/2021-01/the-repo-and-unsecured-markets-reactions-to-stress.html
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Read me file for Identifying Repo Market Microstructure from Securities Transactions Data
14 Aug 2018
RDP
PDF
365KB
RDP 2018-09 supplementary information
https://www.rba.gov.au/publications/rdp/2018/2018-09/rdp-2018-09-read-me.pdf
Key Features of Repo CCPs | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
liquid collateral (see Section 3.5 for further details of overseas repo CCPs). ... These requirements condition the terms of access to clearing for repo market participants.
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/key-features-repo-ccp.html
Emergency Liquidity Injections
10 Oct 2019
RDP
2019-10
This paper compares the effectiveness of different forms of emergency liquidity injections, including secured lending (repo), unsecured lending and securities purchases. ... ex post. outcomes. The model demonstrates that lending to banks via repo can
https://www.rba.gov.au/publications/rdp/2019/2019-10.html
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The Australian Repo Market | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
The Bank settled its first repo executed via ASX Collateral in early 2014. ... Trades are executed bilaterally on SIX Repo Ltd's trading platform, SIX Repo.
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/australian-repo-market.html
The Role of Collateral in Borrowing
14 Jan 2021
RDP
PDF
1784KB
high-quality collateral substitute from unsecured to repo borrowing. In the unsecured market,. ... over-the-counter (OTC) unsecured markets alongside centrally cleared repo markets, and without.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf
Costs and Benefits of a Repo CCP – Issues for Consultation | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
Q5. To what extent is non-centrally cleared repo trading constrained by counterparty credit concerns? ... Q18. To what extent are repo trades processed in a straight-through manner?
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/costs-benefits-repo-ccp.html
China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
Exchange rate. Inflation. Operational target(s). Monetary base. 7-day interbank repo rate. ... Overnight cash rate target. Reserves/asset purchases. Primary instrument(s). PBC repo rate in corridor system.
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
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China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
PDF
1923KB
Inflation. Operational target(s) Monetary base. 7-day interbank repo rate. Overnight cash rate target. ... Reserves/asset purchases. Primary instrument(s) PBC repo rate in corridor system. Open market operations.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
Australian Money Market Divergence: Arbitrage Opportunity or Illusion?
1 Sep 2019
RDP
2019-09
Borrowing under repo to lend into the repo market is a zero-sum game. ... Alternatively, Bank A can collateralise its investment by lending to Bank B under repo.
https://www.rba.gov.au/publications/rdp/2019/2019-09/full.html
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