Repo trading practice guidelines

With the prior approval of the ICMA International Repo Coucil (IRC) Committee, regional committees may enact trading guidelines or recommendations for their regional councils. Such guidelines or recommendations must be in the overall interest of improving efficiency or liquidity in the relevant market.

The following guidelines have so far been adopted with the approval of the IRC Committee

 

ICMA European Repo Council

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Repo Trading Practice Guidelines of August 20, 2003

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Best Practice Guide to Repo Margining of September 15, 2005

Other repo documentation

The following documentation has been provided for publication by the International Repo Council and/or its constituent bodies. Users of this information should note that this documentation has not been published under the supervision of ICMA's secretariat and does not, therefore, constitute official ICMA documentation.

Please click on the title of the document you require to download the appropriate PDF file.

Documents for members of the ICMA European Repo Council

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Resolution by the ERC Committee on the Harmonisation of GMRA mini close-out provisions and ICMA buy-in rules (November 9, 2007)

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GC Conventions as amended on September 19, 2007

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Preferred and recommended best practice for the determination of rates for Eonia-based repos, February 28, 2007

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Calculation of interest in floating rate repos based on Eonia, November 22, 2006

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Recommendation regarding fails in negative interest rate repos, approved by the International Repo Council on November 16, 2004

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Confirmation of second leg of buy/sell back transactions (Letter from the ERC committee chairman to firms active in the repo market, dated April 19, 2004)

Further documents or information may be available from the ERC Secretariat at erc@icmagroup.org

Please note that the formal documentation made available by ICMA, such as the Global Master Repurchase Agreement (GMRA) should be obtained from the Legal section of this web site, and not from the ICMA European Repo Council.

Copies of the Association's repo market surveys are available in the repo market surveys section of the site.
 

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