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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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Conclusion
20 Jan 2021
RDP
2021-01
We also find evidence of broad-based excess demand for safe collateral, as the repo market collateralised against second-best collateral expands, while rates on the safest collateral fall heavily (over
https://www.rba.gov.au/publications/rdp/2021/2021-01/conclusion.html
Non-technical summary for ‘The Role of Collateral in Borrowing’
20 Jan 2021
RDP
2021-01
repo) and uncollateralised market (i.e. unsecured). The combined outcome of these reactions was that riskier borrowers that held sufficient quantities of collateral switched from uncollateralised to collateralised borrowing.
https://www.rba.gov.au/publications/rdp/2021/2021-01/non-technical-summary.html