Common use of Re-Price Clause in Contracts

Re-Price. The Re-price function is communicated using :22F::REPT//PADJ on a cancel and new repo. There is no collateral movement, the loan amount is adjusted and the resulting change in money difference is reported along with a cash party sequence. Initiation :23G:NEWM :20C::SEME//REPOPRICE1 :22F::SETR//REPU or :22F::SETR//RVPO :20C::REPO//REPOPRC1 Cancellation of Initiation :16R::LINK :22F::SETR//REPU or :22F::SETR//RVPO :20C::REPO//REPOPRC1 Rebook Instruction :16R::LINK :22F::SETR//REPU or :22F::SETR//RVPO :20C::REPO//REPOPRC1

Re-Price. ‌ The Re-price function is communicated using :22F::REPT//PADJ on a cancel and new repo. There is no collateral movement, the loan amount is adjusted and the resulting change in money difference is reported along with a cash party sequence. Initiation :23G:NEWM :20C::SEME//REPOPRICE1 :22F::SETR//REPU or :22F::SETR//RVPO :20C::REPO//REPOPRC1 Cancellation of Initiation :16R::LINK :22F::SETR//REPU or :22F::SETR//RVPO :20C::REPO//REPOPRC1 Rebook Instruction :16R::LINK :22F::SETR//REPU or :22F::SETR//RVPO :20C::REPO//REPOPRC1