Global Master Repurchase Agreement

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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?