Search: GMRA
RBA Glossary definition for GMRA
GMRA – Global Master Repurchase Agreement - a model legal agreement designed for parties transacting repos and is published by the International Capital Market Association (ICMA), which is the body representing the bond and repo markets in Europe. The GMRA is the principal master agreement for cross-border repos globally, as well as for many domestic repo markets.
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The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
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
The Repo and Unsecured Markets' Reactions to Stress
20 Jan 2021
RDP
2021-01
Pairs of banks require a bilateral Global Master Repurchase Agreement (GMRA) in place before they can engage in repo with each other. ... The extensive margin change that we find is most likely between counterparty pairs that have pre-existing GMRAs, but
https://www.rba.gov.au/publications/rdp/2021/2021-01/the-repo-and-unsecured-markets-reactions-to-stress.html