Financial Sector (Collection of Data) (reporting standard) determination No. 19 of 2009 - GRS 131.0_G (2009) - Off Balance Sheet Exposure Risk Charge
Sale & Repurchase Agreements (“Repos”)Sale & Repurchase Agreements (“Repos”)
Start here
Get a plain-English read of Sale & Repurchase Agreements (“Repos”)
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 19 of 2009 - GRS 131.0_G (2009) - Off Balance Sheet Exposure Risk Charge.
Sale & Repurchase Agreements (“Repos”)
This relates to arrangements whereby a Level 2 insurance group sells a loan, security or other asset to another party with a commitment to repurchase the asset at an agreed price on an agreed future date.[5] Any assets acquired by a Level 2 insurance group under reverse repos (i.e. purchase and resale agreements) are to be treated as collateralised loans to the counterparty.[6]