Gmra: Standardized Framework For Global Repo Transactions
The Global Master Repo Agreement (GMRA) is a standardized legal framework governing repurchase transactions (repos) in the global financial system. It serves as a master agreement outlining the terms and conditions for repos, including rights and obligations, governing law, choice of law, default, termination, set-off, and taxation. The GMRA facilitates and standardizes repo transactions, promoting…