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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Policy Panel | Conference – 2013
19 Aug 2013
Conferences
The potential impact of the LCR on the functioning of repo markets is the second key challenge. ... This will, however, not hold true for repo transactions against Level 2 assets or non-HQLA.
https://www.rba.gov.au/publications/confs/2013/policy-panel-2013.html
The Economics of Shadow Banking | Conference – 2013
19 Aug 2013
Conferences
It is agreed upon by the two parties at the ‘start of repo’. ... Thus repo rates will remain an important gauge of market conditions when central banks unwind.
https://www.rba.gov.au/publications/confs/2013/singh.html
Discussion on The Economics of Shadow Banking | Conference – 2013
19 Aug 2013
Conferences
The paper draws out the significant role played by central banks in the collateral market by focusing on the example of the United States, where collateralised lending through repo markets is ... For instance, is tri-party repo less desirable than
https://www.rba.gov.au/publications/confs/2013/singh-disc.html
Central Bank Liquidity Provision and Core Funding Markets | Conference – 2013
19 Aug 2013
Conferences
Capital and the repo market. Since many CDOs were held ‘off-balance’ sheet, they required little or no capital. ... These high credit ratings allowed the underlying assets to be used in the repo market as a source of funding.
https://www.rba.gov.au/publications/confs/2013/johnson-santor.html
The Unfolding Turmoil of 2007–2008: Lessons and Responses | Conference – 2008
20 Aug 2007
Conferences
Since bond dealers finance themselves in the repo markets, they abruptly withdrew from making markets in the broader fixed-income markets. ... as collateral, to guard against the runs we have recently seen on most other forms of repo collateral.
https://www.rba.gov.au/publications/confs/2008/cohen-remolona.html
Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
These institutions are active dealers in the government securities market, and they routinely finance large inventories of government securities through repo agreements in the market each day. ... The single-tranche term repos involved a very minor
https://www.rba.gov.au/publications/confs/2008/hilton.html
Promoting Liquidity: Why and How? | Conference – 2008
14 Jul 2008
Conferences
This has substantially increased the stock of securities that the RBA will accept under repo in its market operations. ... the fact that in the normal course of operations, banks are not able to sell their own or related securities to the RBA under repo.
https://www.rba.gov.au/publications/confs/2008/kearns-lowe.html
Discussion on Central Bank Liquidity Provision and Core Funding Markets | Conference – 2013
19 Aug 2013
Conferences
For this reason, central bank operations may be concentrated in the most liquid ‘core’ markets – such as the repo market for government bonds – where central bank activity is less likely to ... In some cases, such as for the Bank of Canada, the
https://www.rba.gov.au/publications/confs/2013/johnson-santor-disc.html
Apocalypse Then: The Evolution of the North Atlantic Economy and the Global Crisis | Conference – 2011
16 Aug 2011
Conferences
The TIC data show that this development was accompanied by increasing commingling of private sector bonds and assets that are needed for short-term funding operations such as repo operations. ... Highly rated US assets played a dual role, both supporting
https://www.rba.gov.au/publications/confs/2011/bayoumi-bui.html
The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
This estimate comprises the weighted average repo funding cost of major money market dealers, including special purchase and resale agreements (SPRAs). ... It provides a somewhat broader measure than the Canadian Overnight Repo Rate Average (CORRA).
https://www.rba.gov.au/publications/confs/2013/bech-monnet.html