Global Master Repurchase Agreement

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Revision as of 09:26, 29 May 2013 by imported>Doug Williamson (Amended as discussed with Michelle Price 28-29 May 2013 & added link to ICMA website)
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(GMRA).

A framework agreement between the two parties to a repurchase agreement (repo), containing standard contractual provisions to apply to all the repo trades they enter into.

The GMRA saves the need to agree these contractual provisions every time a trade is transacted.

See also

References

1. http://tiny.cc/fqqhow

2. http://www.icmagroup.org/Regulatory-Policy-and-Market-Practice/short-term-markets/Repo-Markets/frequently-asked-questions-on-repo/19-what-is-the-gmra/