Term repo

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 ?
The volume of the NY Fed's reverse repos has declined too, totaling $2.537 B yesterday with 9 counterparties, versus $2.81 B Tuesday (9 counterparties), and compares to the term repo from December 31 at $41.8 B with 17 counterparties.
Indeed, on March 5, SAMA suspended its term repo facility for maturities of seven, 28 and 90 days.
The auction will be conducted between 4.00 pm and 4.30 pm as per the revised guidelines on Term Repo auctions issued on February 13, 2014.
"Those measures may include a cut in CRR, an increase in term repo or any additional liquidity measures."
The Bank is currently considering how it might be able to assist with this, given that the development of a term repo facility would be consistent with the Bank's aim to support the development of New Zealand capital markets.
It allotted the full amount on offer for six-month loans with an interest rate of 0.75 percent, under the central bank's Extended Collateral Term Repo Facility (ECTR).
Under the Extended Collateral Term Repo and Funding for Lending, around [pounds sterling]100bn will be made available to banks in the form of cheap loans, to offer a "significant financial incentive" to lend to the wider economy.
The new bail out came in the form of the Bank of England's 'Extended Collateral Term Repo Facility' (ECTRF).
Meanwhile the ECB may choose to cut interest rates, hint at additional easing actions, introduce longer liquidity operations, and provide softening banking collateral rules just like the Extended Collateral Term Repo Facility that the BoE has proposed.
Term repo: Any repo transaction with an initial maturity longer than one business day.
The Hong Kong Monetary Authority said Monday it will allow increase in interbank liquidity and introduce a term repo facility to tackle any potentially excessive tightness in the money market that might arise from Year 2000-related issues.
The term repo from December 31 totaled $41.8 B with 17 counterparties.