Purchase and Resale Agreement

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Purchase and Resale Agreement

An agreement between the Bank of Canada and a dealer on an exchange in which the Bank buys Canadian Treasury securities from the dealer and the dealer agrees to buy the same securities back the following day. A PRA provides liquidity to a dealer, which in turn provides liquidity to market trading. See also: Murabaha, Double Sale.
References in periodicals archive ?
Proponents of the PRA use "horror stories" of governmental abuses to fan the flames of public support for the amendment.
Large global CROs like PRA derive significant benefit by going paperless and streamlining operations, and digital signatures provide a consistent and controlled strategy for enterprise deployments, as well as enable trusted and secure document exchange with PRA's customers, business partner and collaborators," said Rodd Schlerf, VP Sales, ARX.
Life sciences are a strategically important sector of the Welsh economy, which makes this latest expansion by PRA - one of the world's top A five clinical research organisation - very welcome.
16 July 2014 - US financial and business services company Portfolio Recovery Associates Inc (NASDAQ:PRAA), or PRA, has closed the USD880m (EUR650m) acquisition of Norwegian sector player Aktiv Kapital AS, the buyer said today.
In addition, interlaboratory CVs are lower with immunoassays than with PRA assays (4).
PRA is therefore to make assessment/recovery of the PST under Section 52 of the act in violation as prescribed in the Section 14 of the act ibid read with the rules 2012 and 15.
The spokesperson explained that on the invitiation of FBR, a delegation of PRA attended a meeting at the FBR Headquarters so that matters pertaining to cross-adjustment and reconciliation of Federal and Provincial Sales Tax with PRA could be finalized.
The PRA Policy Statement is part of a coordinated effort by member countries of the Financial Stability Board (FSB) to avoid this disparity and improve cross-border recognition of resolution stays by obliging industry participants to adopt contractual solutions where statutory recognition regimes are lacking.
We are proud to offer our clients industry-leading high quality, high science laboratory services in this new and innovative environment," said Peter Ketelaar, PRA vice president of Global Bioanalytical Laboratory Services.
An investigation by the PRA, supported by a team of investigators at the Financial Conduct Authority (FCA) also found that the Co-operative Bank failed to deal with its regulators in an open and co-operative manner during the period investigated.
24 June 2013 - Private equity firm KKR & Co LP (NYSE:KKR) has agreed to acquire clinical research organisation (CRO) PRA International from San Fransisco-based buyout firm Genstar Capital LLC for an undisclosed sum, PRA announced Monday.
US clinical research organisation PRA has opened a new facility in Swansea as part of a major expansion that will create 100 new graduate-level jobs.