Common use of Re-Price Clause in Contracts

Re-Price. A Repo Re-price occurs when the account owner wants to adjust the loan amount while keeping the collateral amount the same. A cancellation and new instruction is sent utilizing the Re-price indicator. Both the cancel and new instruction should contain appropriate linkage back to the initiation message.

Re-Price. ‌ A Repo Re-price occurs when the account owner wants to adjust the loan amount while keeping the collateral amount the same. A cancellation and new instruction is sent utilizing the Re-price indicator. Both the cancel and new instruction should contain appropriate linkage back to the initiation message.