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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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International Financial Conditions

7 Aug 2020 SMP – August 2020
The Fed modified the timing of its overnight repurchase (repo) operations to occur after the peak period of daily repo market transactions and increased the minimum interest rate, signalling that it ... Graph 2.6. Graph 2.7. The narrowing of spreads in
https://www.rba.gov.au/publications/smp/2020/aug/international-financial-conditions.html

Statement on Monetary Policy - November 2017

10 Feb 2020 SMP PDF 6296KB
Statement of Monetary Policy - November 2017
https://www.rba.gov.au/publications/smp/2017/nov/pdf/statement-on-monetary-policy-2017-11.pdf

Domestic Financial Markets

10 Aug 2017 SMP – August 2017
Short-term interest rates in the repurchase agreement (repo) market have also declined over recent months, although they remain high relative to OIS rates.
https://www.rba.gov.au/publications/smp/2017/aug/domestic-financial-markets.html

Domestic Financial Conditions

10 May 2018 SMP – May 2018
Graph 3.3. Short-term interest rates in the repurchase agreement (repo) market have also increased, and remain high at 40–50 basis points above OIS.
https://www.rba.gov.au/publications/smp/2018/may/domestic-financial-conditions.html

Domestic Financial Markets and Conditions

10 May 2008 SMP – May 2008
The average term of the Bank's repurchase agreements (‘repos’) with market participants increased from around 25 days prior to the market turmoil, to around 50 days late last year ... This follows the RBA's widening of the list of securities eligible
https://www.rba.gov.au/publications/smp/2008/may/dom-fin-mkts.html

Statement of Monetary Policy - February 2019

10 Feb 2020 SMP PDF 8136KB
https://www.rba.gov.au/publications/smp/2019/feb/pdf/statement-on-monetary-policy-2019-02.pdf

International and Foreign Exchange Markets

10 Nov 2007 SMP – November 2007
The Bank's holdings of foreign exchange under swap agreements are around $3 billion, down from $47 billion at the end of the June quarter. ... This reflects a shift in domestic operations towards bank bill repurchase agreements that began during the
https://www.rba.gov.au/publications/smp/2007/nov/intl-fx-mkts.html

Domestic Financial Conditions

7 Aug 2020 SMP - August 2020 PDF 838KB
https://www.rba.gov.au/publications/smp/2020/aug/pdf/04-domestic-financial-conditions.pdf

Box A: Small Banks in China

9 Aug 2019 SMP - August 2019 PDF 271KB
https://www.rba.gov.au/publications/smp/2019/aug/pdf/box-a-small-banks-in-china.pdf

Domestic Financial Conditions

10 Feb 2020 SMP PDF 2822KB
Statement of Monetary Policy - February 2019
https://www.rba.gov.au/publications/smp/2019/feb/pdf/03-domestic-financial-conditions.pdf