Tri Party Repo

Tri-party repo is a type of repo contract where a third entity (apart from the borrower and lender), called a Tri-Party Agent, acts as an intermediary between the two parties to the repo to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction.

 

The RBI has notified the introduction of triparty repo in India in its April 11, 2017, Draft Directions. The aim to introduce Tri-party repo was that would contribute to better liquidity in the corporate bond repo market, thereby providing markets an alternate repo instrument to Government securities repo. Tri-Party repos are transacted through a Tri-Party agent in terms of Tri-Party Repo (Reserve Bank) Directions dated August 10, 2017.

 

Toll Free Number for Members: 1800 266 00 53 (Trade Operations)
1800 266 00 57 (Clearing & Settlement)

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