Global Master Repurchase Agreement and Margin: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Tidied up other links)
 
imported>Doug Williamson
(Add link.)
 
Line 1: Line 1:
(GMRA).
1. ''Accounting.''


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.
Profit margins measure the surplus of revenues over relevant costs, often expressed as a percentage.


The GMRA saves the need to agree these contractual provisions every time a trade is transacted.
Profit margins are usually expressed as a percentage of revenues, for example in the Net profit margin.




The GMRA is published by the International Capital Markets Association (ICMA).
Less commonly, margins can also be expressed as a margin (percentage) on relevant costs.
 
Gross profit measured as a percentage of costs is also sometimes known as ''markup'', an amount added to costs to determine a selling price.
 
 
2. ''Banking.''
 
Net interest margin (NIM).
 
 
3. ''Bank lending.''
 
Lending margin is a percentage amount added explicitly to a market reference rate, to calculate the total rate of interest payable by a borrower.
 
 
4. ''Derivatives markets.''
 
Margin is a refundable deposit payable by market participants to protect other participants in the market against the risk of a default.
 
In this context, margin is a form of collateral.
 
 
5. ''Financing.''
 
An amount implicitly built in to a total interest rate or discount rate charged to a client to cover risk and a level of profit for the finance provider.
 
 
6. ''Secured lending.''
 
An amount deducted from the value of an asset used as collateral, to calculate the maximum amount of any loan to be secured against the asset.
 
Also known as a 'haircut'.
 
 
7.  ''Project planning and management.''
 
A ''safety margin'' is an allowance for worsening of a key input or variable in a project.
 
 
8.
 
Any other difference, usually a relatively small difference compared with the amounts themselves being compared.
 
For example, forward margin in foreign exchange markets.




== See also ==
== See also ==
* [[International Capital Market Association]]
* [[Alternate Base Rate]]
* [[Repurchase agreement]]
* [[Bank margin]]
* [[ISDA Master Agreement]]
* [[BCBS]]
* [[Collateral]]
* [[Contribution margin]]
* [[EMIR]]
* [[Exchange traded]]
* [[Forward margin]]
* [[Futures]]
* [[Haircut]]
* [[Initial margin]]
* [[International Swaps and Derivatives Association]]  (ISDA)
* [[IOSCO]]
* [[Maintenance margin]]
* [[Margin call]]
* [[Margin compression]]
* [[Margin of safety]]
* [[Margin on costs]]
* [[Margin risk]]
* [[Marginal]]
* [[Margining]]
* [[Markup]]
* [[Net profit margin]]
* [[NII]]
* [[NIM]]
* [[Over the counter]]
* [[Profit margin]]
* [[Stepped margin]]
* [[Sustainability Linked Loan Principles]]
* [[Tax sparing]]
* [[Variation margin]]
* [[WGMR]]




== Other links ==
== External link ==
1. [http://tiny.cc/fqqhow ACT briefing note]
[https://www.bis.org/bcbs/publ/d499.pdf Margin requirements for non-centrally cleared derivatives - BCBS and IOSCO]


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?]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Revision as of 15:21, 3 March 2022

1. Accounting.

Profit margins measure the surplus of revenues over relevant costs, often expressed as a percentage.

Profit margins are usually expressed as a percentage of revenues, for example in the Net profit margin.


Less commonly, margins can also be expressed as a margin (percentage) on relevant costs.

Gross profit measured as a percentage of costs is also sometimes known as markup, an amount added to costs to determine a selling price.


2. Banking.

Net interest margin (NIM).


3. Bank lending.

Lending margin is a percentage amount added explicitly to a market reference rate, to calculate the total rate of interest payable by a borrower.


4. Derivatives markets.

Margin is a refundable deposit payable by market participants to protect other participants in the market against the risk of a default.

In this context, margin is a form of collateral.


5. Financing.

An amount implicitly built in to a total interest rate or discount rate charged to a client to cover risk and a level of profit for the finance provider.


6. Secured lending.

An amount deducted from the value of an asset used as collateral, to calculate the maximum amount of any loan to be secured against the asset.

Also known as a 'haircut'.


7. Project planning and management.

A safety margin is an allowance for worsening of a key input or variable in a project.


8.

Any other difference, usually a relatively small difference compared with the amounts themselves being compared.

For example, forward margin in foreign exchange markets.


See also


External link

Margin requirements for non-centrally cleared derivatives - BCBS and IOSCO

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Global_Master_Repurchase_Agreement&oldid=31811’