Search: RP
RBA Glossary definition for RP
RP – 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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Reserve Bank of Australia Domestic Market Dealing Arrangements: Information Paper - 9 May 1996
11 Aug 2004
Media Release
PDF
81KB
When making bids or offers for RPs, the term of the RP must also be stated in days. ... willing to undertake the RP for any term from 7 days to 30 days.
https://www.rba.gov.au/media-releases/1996/pdf/mr-96-06-info-paper.pdf