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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The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
Fallbacks for BBSW Securities
16 Jun 2022
Bulletin
– June 2022
The bank bill swap rate (BBSW) is an important short-term benchmark interest rate for Australian financial markets across various maturities.
https://www.rba.gov.au/publications/bulletin/2022/jun/fallbacks-for-bbsw-securities.html
Semi-Annual Statement on Monetary Policy
10 Nov 1998
Bulletin
– November 1998
Reserve Bank Bulletin – November 1998 Semi-Annual Statement on Monetary Policy. Download the complete Statement 386. KB. The events of the past six months have been dominated by news of financial instability, while changes in the underlying world
https://www.rba.gov.au/publications/bulletin/1998/nov/1.html
The Rise of Chinese Money Market Funds
16 Mar 2017
Bulletin
– March 2017
Money market funds (MMFs) pool funds in an investment vehicle to invest in short-term, highly rated securities. The MMF sector in China has grown rapidly over the past few years and is now the world's second largest by assets, though it is small
https://www.rba.gov.au/publications/bulletin/2017/mar/9.html
The Effective Supply of Collateral in Australia
18 Sep 2014
Bulletin
– September 2014
High-quality assets play an important role as collateral for a wide range of transactions and activities in wholesale financial markets. Regulatory changes since the global financial crisis are increasing the demand for high-quality assets, thereby
https://www.rba.gov.au/publications/bulletin/2014/sep/7.html
Domestic Market Operations and Liquidity Forecasting
10 Dec 2010
Bulletin
– December 2010
Market operations, as noted in the body of the article, primarily include transactions in domestic securities, particularly under repo. ... Bulletin. , September, pp 61–69. Wakeling D and I Wilson (2010), ‘The Repo Market in Australia’, RBA.
https://www.rba.gov.au/publications/bulletin/2010/dec/5.html
Financial Regulation and Australian Dollar Liquid Assets
10 Sep 2012
Bulletin
– September 2012
Some of these securities would have been held under a repurchase agreement (repo). ... the repo, and is entitled to re-use the security in other transactions.
https://www.rba.gov.au/publications/bulletin/2012/sep/6.html
The Australian Credit Default Swap Market
10 Dec 2011
Bulletin
– December 2011
However, establishing a short position in the bond involves borrowing the bond in the repurchase agreement (repo) market, before selling it. ... it can be more difficult given the limited repo activity in corporate bonds in Australia.
https://www.rba.gov.au/publications/bulletin/2011/dec/6.html
The Reserve Bank's Open Market Operations
10 Jun 2003
Bulletin
– June 2003
This reflects the greater liquidity of the repo market and the reduced supply of government securities on issue. ... Most weeks (normally on a Wednesday) longer terms of around 90 and 180 days are also offered, partly in an effort to facilitate the
https://www.rba.gov.au/publications/bulletin/2003/jun/1.html
Covered Bonds in Australia
15 Sep 2017
Bulletin
– September 2017
Since their introduction in Australia in 2011, the stock of covered bonds has grown to around billion, or around 15 per cent of Australian financial institutions' long-term debt. Covered bonds are a form of secured funding backed by both the issuer
https://www.rba.gov.au/publications/bulletin/2017/sep/7.html