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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2019 - onwards
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Article 18 Financial institution exposures: repo transactions

A ring-fenced body ("A") may incur a financial institution exposure to a relevant financial institution ("B") pursuant to an agreement with B -

(a) for the transfer of its own assets to B on terms -

(i) imposing an obligation on A to buy those assets, or assets of the same description, from B at one or more subsequent times; or

(ii) imposing an obligation on B to transfer those assets, or assets of the same description, to A at one or more subsequent times;

(b) for the transfer oiquid assets from B to A for the purpose of managing A's liquidity risk on terms -

(i) imposing an obligation on B to buy those assets, or assets of the same description from A at one or more subsequent times; or

(ii) imposing an obligation on A to transfer those assets, or assets of the same description, to B at one or more subsequent times.