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RBA Glossary definition for repo
repo – Repurchase agreement. The vehicle whereby most Reserve Bank of Australia (RBA) domestic market operations are conducted. Repurchase agreements (usually called 'repos') involve the sale or purchase of securities with an undertaking to reverse the transaction at an agreed date in the future and at an agreed price. Repos provide flexibility in that they allow the RBA to inject liquidity on one day and withdraw it on another with a single transaction.
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Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
15 May 2024
RDP
2024-03
Research Discussion Paper – RDP 2024-03 Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020. ... operations. Several insights allow us to better understand the dynamics underpinning the repo market.
https://www.rba.gov.au/publications/rdp/2024/2024-03.html
Open Market Operations
15 May 2024
RDP
2024-03
RDP 2024-03: Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020 2. ... If the term is between 75 and 105 days, it is classified as a 3-month repo.
https://www.rba.gov.au/publications/rdp/2024/2024-03/open-market-operations.html
Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
21 Mar 2024
RDP
2024-03
Research Discussion Paper – RDP 2024-03 Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020.
https://www.rba.gov.au/publications/rdp/2024/2024-03/sections.html
Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
15 May 2024
RDP
2024-03
Lending cash against collateral under repo is an integral part of these operations. ... However, there are some caveats when drawing inferences about the broader repo market.
https://www.rba.gov.au/publications/rdp/2024/2024-03/full.html
Conclusion
15 May 2024
RDP
2024-03
RDP 2024-03: Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020 6. ... Repo rates then declined again as market conditions settled but their spread to unsecured rates remained positive.
https://www.rba.gov.au/publications/rdp/2024/2024-03/conclusion.html
Appendix A: Demand, Marginal Valuation and the Cumulative Bid Function
15 May 2024
RDP
2024-03
We restrict our attention to repo approaches and exclude approaches for outright sales of securities. ... This demand schedule varies by the term of repo funding on a given day and over time.
https://www.rba.gov.au/publications/rdp/2024/2024-03/appendix-a.html
Appendix B: Estimation of Demand Elasticity
15 May 2024
RDP
2024-03
RDP 2024-03: Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020 Appendix B: Estimation of Demand Elasticity.
https://www.rba.gov.au/publications/rdp/2024/2024-03/appendix-b.html
Supplementary Information for RDP 2024-03: Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
15 May 2024
RDP
2024-03
Research Discussion Paper – RDP 2024-03 Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020.
https://www.rba.gov.au/publications/rdp/2024/2024-03/supplementary-information.html
Appendix C: Glossary of Technical Terms
15 May 2024
RDP
2024-03
That is, repo market participants are indifferent between securities that are generally accepted to be in the ‘general collateral basket’. ... An open repo (also known as an on demand repo) is a repurchase agreement that is agreed without fixing the
https://www.rba.gov.au/publications/rdp/2024/2024-03/appendix-c.html
Non-technical summary for ‘Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020’
15 May 2024
RDP
2024-03
However, there is a lack of readily available data on the repo market. ... This is possible because both the repo market and OMOs are conducted in the form of repos.
https://www.rba.gov.au/publications/rdp/2024/2024-03/non-technical-summary.html