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RBA Glossary definition for repurchase agreement

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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5.4 Focus Topic: Interest Rate Risk

6 Oct 2023 FSR – October 2023
5.4 Focus Topic: Interest Rate Risk | Financial Stability Review – October 2023
https://www.rba.gov.au/publications/fsr/2023/oct/focus-topic-interest-rate-risk.html

The Australian High-Value Payments System

10 Mar 2004 FSR – March 2004
In the next 75 minutes, banks estimate their liquidity needs and, if required, undertake intra-day repurchase agreements with the Reserve Bank. ... By 5.15 pm, those banks that are not involved in global cross-currency settlements finalise their
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html

Box D: The New Payments Platform and Fast Settlement Service

10 Apr 2018 FSR – April 2018
institutions to obtain funds from the Reserve Bank on pre-specified terms via intraday or open-dated repurchase agreements).
https://www.rba.gov.au/publications/fsr/2018/apr/box-d.html

Box A: The Basel III Liquidity Reforms in Australia

10 Mar 2015 FSR – March 2015
Through this facility, the Reserve Bank commits to provide pre-specified amounts of Australian dollar liquidity to banks subject to the full LCR, against a range of assets under repurchase agreement.
https://www.rba.gov.au/publications/fsr/2015/mar/box-a.html

The Australian Financial System

10 Mar 2009 FSR – March 2009
In addition to higher holdings of traditionally liquid assets, the banks have ‘self securitised’ around $135 billion of residential mortgages, with these eligible for repurchase agreements with the RBA. ... In addition, the RBA has enhanced the
https://www.rba.gov.au/publications/fsr/2009/mar/aus-fin-sys.html

Box D: A Closer Look at the Shadow Banking System in Australia

10 Mar 2012 FSR – March 2012
Their asset mix tends to be skewed towards commercial loans and trading securities, while they obtain a relatively large share of their funding from short-term wholesale markets – including repurchase agreements
https://www.rba.gov.au/publications/fsr/2012/mar/box-d.html

The Global Financial Environment

4 Oct 2019 FSR – October 2019
However, spreads have narrowed considerably recently, after an agreement with the European Commission to reduce the 2019 budget deficit, and the formation of a less Eurosceptic coalition government in September. ... However, much of the risk of this
https://www.rba.gov.au/publications/fsr/2019/oct/global-financial-environment.html

The Australian Financial System

10 Mar 2015 FSR – March 2015
Some of the larger RFCs have sizeable repurchase agreements (‘repos’) on both sides of their balance sheet.
https://www.rba.gov.au/publications/fsr/2015/mar/aus-fin-sys.html

The Australian Financial System

10 Sep 2008 FSR – September 2008
The attractiveness of holding these assets has increased over time, with the RBA accepting bank bills and certificates of deposit as eligible securities for repurchase agreements since March 2004. ... In such circumstances, the RBA would be prepared to
https://www.rba.gov.au/publications/fsr/2008/sep/aus-fin-sys.html

The Australian Financial System

10 Mar 2014 FSR – March 2014
available to participants via repurchase agreements (repos) with an open-ended repurchase date that is contracted at the cash rate target.
https://www.rba.gov.au/publications/fsr/2014/mar/aus-fin-sys.html