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REP |
Repurchase transaction |
Repurchase transaction means a transaction governed by an agreement
by which a counterparty transfers securities, commodities, or
guaranteed rights relating to title to securities or commodities
where that guarantee is issued by a recognised exchange which holds
the rights to the securities or commodities and the agreement does
not allow a counterparty to transfer or pledge a particular
security or commodity to more than one counterparty at a time,
subject to a commitment to repurchase them, or substituted
securities or commodities of the same description at a specified
price on a future date specified, or to be specified, by the
transferor, being a repurchase agreement for the counterparty
selling the securities or commodities and a reverse repurchase
agreement for the counterparty buying them.
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SBL |
Securities or commodities lending/borrowing |
Securities or commodities lending or securities or commodities
borrowing means a transaction by which a counterparty transfers
securities or commodities subject to a commitment that the borrower
will return equivalent securities or commodities on a future date
or when requested to do so by the transferor, that transaction
being considered as securities or commodities lending for the
counterparty transferring the securities or commodities and
being considered as securities or commodities borrowing for the
counterparty to which they are transferred.
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BSB |
Buy-sell or sell-buy back transaction |
Buy-sell back transaction or sell-buy back transaction means a
transaction by which a counterparty buys or sells securities,
commodities, or guaranteed rights relating to title to securities
or commodities, agreeing, respectively, to sell or to buy back
securities, commodities or such guaranteed rights of the same
description at a specified price on a future date, that transaction
being a buy-sell back transaction for the counterparty buying the
securities, commodities or guaranteed rights, and a sell-buy back
transaction for the counterparty selling them, such buy-sell back
transaction or sell-buy back transaction not being governed by a
repurchase agreement or by a reverse-repurchase agreement.
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MLT |
Margin lending transaction |
Margin lending transaction means a transaction in which a
counterparty extends credit in connection with the purchase, sale,
carrying or trading of securities, but not including other loans
that are secured by collateral in the form of securities.
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