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Repurchase Agreement
"Need a Repurchase Agreement for a UK bank acting as seller with securities worth £50 million, with a three-month term starting March 2025, including specific provisions for margin maintenance and substitution rights."
1. Parties: Identification of buyer and seller with full legal details
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Purchase and Sale: Core transaction terms including securities, pricing, and transfer obligations
5. Margin Maintenance: Provisions for margin calls and transfers
6. Income Payments: Treatment of income on purchased securities
7. Events of Default: Circumstances constituting default and consequences
8. Close-out and Netting: Procedures for termination and settlement
1. Buy-in: Provisions for failure to deliver securities - used when parties want specific remedies for failed deliveries
2. Agency Provisions: Terms for transactions conducted through agents - used when one or both parties act as agents
3. Tax Provisions: Specific tax treatment and gross-up obligations - used for cross-border transactions or specific tax considerations
1. Confirmation Form: Standard form for confirming individual transactions
2. Eligible Securities: List of securities acceptable for transactions
3. Margin Percentages: Agreed haircuts and margin ratios for different security types
4. Forms of Notices: Standard forms for various notices under the agreement
5. Agency Terms: Detailed terms for agency transactions if applicable
Authors
Applicable Rate
Base Currency
Business Day
Buy Back Date
Buy Back Price
Cash Margin
Confirmation
Default Market Value
Default Notice
Defaulting Party
Distribution Amount
Eligible Margin
Event of Default
Income
Income Payment Date
Margin Ratio
Margin Securities
Margin Transfer
Market Value
Net Exposure
Non-Defaulting Party
Payment Date
Pricing Rate
Purchase Date
Purchase Price
Purchased Securities
Repurchase Date
Repurchase Price
Securities
Settlement Date
Spot Rate
Term
Termination
Transaction
Transfer Date
Valuation Date
Valuation Percentage
Initiation
Margin Maintenance
Income Payments
Payment and Transfer
Interest
Representations and Warranties
Events of Default
Close-out and Set-off
Tax
Margin Ratio and Adjustments
Substitution
Notice and Communications
Assignment and Transfer
Force Majeure
Costs and Expenses
Governing Law
Jurisdiction
Confidentiality
Term and Termination
Default Interest
Securities Transfers
Agency Provisions
Buy-in
Netting
Market Value
Confirmations
Reporting
Entire Agreement
Amendments
Severability
Counterparts
Third Party Rights
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