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 ?
The PRA through a counsel opposed the petitions for being non-maintainable and defended its power to recover 16 per cent sales tax on services.
He added that PRA was the only provincial authority which ensured complete implementation of Sales Tax Real-time Invoice Verification System through collaborative arrangements with the FBR.
He said in a statement that the PRA has proved its mettle with its immaculate performance.
The PRA was previously with the Department of Environment and Natural Resources (DENR).
The offices of PRA function at divisional level across the province but to expand the tax net, it is gradually being expanded to the district level.
Furthermore, the PRA explained that land subsidence is caused by over extraction of ground water.
The EO said PRA would seek advisory opinions from the Neda, DENR, and Department of Finance on any proposed reclamation project.
The minister appreciated the RIMS and other initiative of the PRA, besides suggesting to effectively using social media to sensitize the public about taxation.
It declared NBP had wrongly credited Rs2 billion into the accounts of PRA and stated they had only reversed the transactions.
Interestingly, Pra exerts protective effects in preeclampsia both in some rodent models and several clinical cases;[1],[2],[3],[4] however, multiple factors of pathogenesis and pathogenic pathways exist in preeclampsia.[8] Thus, whether Pra has a positive effect on all the clinical preeclampsia is yet to be elucidated.
The PRA informed the government that sales tax on services was imposed on May 2013.
The PRA has collected details from more than 400 banks and financial firms with cross-border activities between the UK and the EU, including subsidiaries of US investment banks based in London, on their preparations for all scenarios in the Brexit negotiations, including a "no deal" outcome.