FFF and Global Master Repurchase Agreement: Difference between pages

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imported>Doug Williamson
(Mend link.)
 
imported>Doug Williamson
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''US banking - benchmark''.
(GMRA).


Federal Funds Futures.
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.


They are a futures contract whose price is referenced to the average of daily effective federal funds rates during a contract month.
The GMRA saves the need to agree these contractual provisions every time a trade is transacted.


The GMRA is published by the International Capital Markets Association (ICMA).




== See also ==
== See also ==
* [[Federal funds futures]] 
* [[International Capital Market Association]]
* [[Federal Funds Rate]] 
* [[Repurchase agreement]]
* [[Federal Open Market Committee]]  (FOMC)
* [[ISDA Master Agreement]]
* [[Federal Reserve]]
* [[Federal Reserve Bank]]
* [[Federal Reserve System]]
* [[Futures contract]]
* [[Hedging]]
* [[Monetary authority]]
* [[OBFR]]
* [[Policy interest rate]]




==External link==
== Other links ==
*[https://www.cmegroup.com/markets/interest-rates/stirs/30-day-federal-fund.html 30-Day Fed Funds futures - explore this product - CME Group]
1. [http://tiny.cc/fqqhow ACT briefing note]


[[Category:Financial_products_and_markets]]
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/ What is the GMRA?]

Revision as of 15:23, 17 August 2016

(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.


The GMRA is published by the International Capital Markets Association (ICMA).


See also


Other links

1. ACT briefing note

2. What is the GMRA?