REPO transactions

Reverse REPO transactions is a quick and effective way of attracting short-term finance against securities held in the Bank’s custody.

Under reverse REPO transactions, we provide finance for up to 180 days and offer competitive individual rates based on instrument quality, duration and currency.

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Main features of REPO transactions
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  • The mechanism for a REPO transaction operates on the basis that, for the period of the loan, the securities serving as collateral become the property of the Bank. The client is obliged to buy the securities back from the Bank when the period of the transaction ends.
  • REPO transactions are regulated by internationally recognised standard contracts: Global Master Repurchase Agreement (GMRA).
  • Once the term of the contract ends, it may be possible to rollover the REPO transaction.
  • Only marketable securities stated in a list established by the Bank can be offered as collateral for such transactions.

To be eligible for reverse REPO transactions the client first shall be categorized as a Professional Client under the European Directive on markets in financial instruments (MiFID II) which was transposed into Cyprus legislation by Law 87(I)/2017 which provides for the provision of investment services, the exercise of investment activities, the operation of regulated markets and other related matters. Please contact your relationship manager for details.

Currency EUR, USD, GBP, RUB
Period Up to 180 days
Rollover Possible on request
Interest rate and parameters Agreed at the time of the transaction
Key advantages
  • A way of transforming investments into funds for a short period of time without any need to eliminate your existing investment position
  • Using credit leveraging for operations with securities is a convenient way to receive a short-term loan against securities held in the Bank’s custody
  • Competitive interest rates
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How to set up for REPO transactions with RCB Bank

Open an account in RCB and request access to investment services by contacting your relationship manager.

Open a custody account and negotiate the terms and conditions of the Global Master Repurchase (GMRA) agreement with the Bank.

Confirm with the Bank the securities provided as a collateral and request the Bank on transaction via means of communication available under the Terms and Conditions.

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