Repo / Reverse Repo Initiation Messages Sample Clauses

Repo / Reverse Repo Initiation Messages. Outlined below is a listing of the business data element requirements to effect a repurchase agreement or reverse repurchase agreement initiation utilizing the single message method. Specific repo scenarios are then further broken down to highlight additional business data requirements depending on the characteristics of the agreement (e.g., term vs open). For all repo / reverse repo opens, the following business elements are required from a Custody perspective: - Message Reference - Function of the message - Trade Date - Settlement Date - Security Identifier - Price - Quantity of Financial instrument - Safekeeping Account - Repo closing date – this will be a specific term (YYYYMMDD) or Open - Settlement Transaction Type Indicator – this will indicate Repo Agreement or Reverse Repo Agreement - Repo Reference number - Repurchase Amount - Place of Settlement - Broker/Agent details - Settlement Amount The following additional business elements are required from an Accounting Agent perspective: - Repurchase Rate Type – this will be Fixed or Open. - Accrual Basis - Repurchase Rate - Accrued Interest Amount
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Related to Repo / Reverse Repo Initiation Messages

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