Term repo

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Term repo

A repurchase agreement with a term of more than one day.

Term Repo

A practice in which a bank or other financial institution buys securities with the proviso that the seller repurchases the same securities for an agreed-upon price on a certain day more than one day after the establishment of the agreement. Investors and financial institutions do this in order to raise short-term capital. A term repo differs from other types of repo because the term is more than one day.
References in periodicals archive ?
Farmer Mac intends to reinvest these term repos as they mature throughout 2014 and maintain the related financing position for most of 2014 to further enhance its position to apply to the RRP Facility.
6 billion of term repo assets, presented as "securities purchased under agreements to resell," and $1.
In order to prevent excessively worsening of liquidity conditions, which would have impacted financing conditions, RBI undertook measures to inject liquidity through OMO purchase auctions, overnight repo, MSF and variable rate term repos.
It has also determined to offer additional liquidity via term repos of 7-day and 14-day tenor for a notified amount equivalent to 0.
Rs 19,001 crore has been borrowed by the banks from the Reserve Bank of India (RBI) in the first 7-day term repo auction held on 12th October,2013.
CDCC plans here to transform term repos with a maturity longer than one day into multiple overnight repos, which then can be used to net obligations across different maturities.
New features for clients include the ability to reoptimize collateral in term repos during the settlement window, additional intraday security-for-security substitution tools, and the ability to adjust their collateral mix of new repos after the transaction has settled, up to 6:30 p.
Together with an increase in the liquidity provided through escalation of term repos from 0.
Prior to that he was a Finance Trader where he was responsible for trading overnights, off-the-run coupons, bills, agencies and term repos.
However, from time to time MMFs execute term repos.
including market commentary and coverage of specials, off-the-run issues and term repos.