ICMA announced the publication of new and updated legal opinions on the Global Master Repurchase Agreement (GMRA), the standard agreement used for international repo transactions. These legal opinions now cover 55 jurisdictions indicating both the extensive use of the GMRA and the increasing utilisation of repo as a funding tool.
Godfried de Vidts, Chairman of ICMA’s European Repo Council said: “The range of jurisdictions now covered is a clear indication of the widespread adoption of repo in many new markets”.
The 55 jurisdictions covered include many of the 27 countries of the European Union, with Slovenia and Slovakia being added for the first time, and also some of the rapidly growing financial markets of Asia and the Middle East
Press release
© Graham Bishop
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article