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Reverse Repurchase Agreement
"Need a Reverse Repurchase Agreement for a transaction between our bank and a hedge fund, involving UK government bonds with a six-month term starting March 2025, with weekly margin calls and specific provisions for early termination."
1. Parties: Identification and details of the counterparties to the agreement
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Purchase and Sale: Core transaction terms including purchase price, securities details
5. Repurchase: Terms of the repurchase transaction including pricing and timing
6. Margin Maintenance: Provisions for margin calls and transfers
7. Income Payments: Treatment of income on purchased securities
8. Events of Default: Definition and consequences of default events
9. Close-out and Netting: Procedures for termination and settlement
1. Buy-in: Provisions for failing to deliver securities - used when dealing with securities that may have delivery risks
2. Agency Provisions: Specific terms for agency transactions - used when one party acts as agent
3. Additional Representations: Party-specific representations and warranties - used when dealing with specific jurisdictions or entity types
1. Form of Confirmation: Template for transaction confirmations
2. Eligible Securities: List of acceptable securities for the transactions
3. Margin Percentages: Agreed haircuts and margin requirements
4. Agency Terms: Detailed agency provisions if applicable
5. Jurisdictional Requirements: Specific requirements for relevant jurisdictions
Authors
Applicable Law
Agreed Rate
Business Day
Buyer
Buyer's Margin Ratio
Close-out Amount
Confirmation
Default Market Value
Default Notice
Distributions
Early Termination Date
Eligible Securities
Event of Default
Income
Income Payment Date
Margin
Margin Call
Margin Ratio
Margin Transfer
Market Value
Pricing Rate
Purchase Date
Purchase Price
Purchased Securities
Repurchase Date
Repurchase Price
Seller
Seller's Margin Ratio
Transaction
Transaction Exposure
Transfer Date
Valuation Date
Valuation Percentage
Net Exposure
Purchase and Sale Obligations
Initiation and Confirmation
Income Payments
Margin Maintenance
Payment and Transfer
Representations and Warranties
Events of Default
Close-out and Netting
Tax Provisions
Transfer and Assignment
Market Value Calculations
Notices
Security Interest and Title Transfer
Price Differential
Set-off Rights
Substitution of Securities
Interest Provisions
Term and Termination
Force Majeure
Governing Law and Jurisdiction
Severability
Entire Agreement
Amendment and Waiver
Agency Provisions
Counterparts
Buy-in Provisions
Recording of Communications
Time of Essence
Third Party Rights
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