Common use of Fixed Rate and Term Reverse Repurchase Agreement Clause in Contracts

Fixed Rate and Term Reverse Repurchase Agreement. A fixed rate and term reverse repurchase agreement has a fixed rate and an established maturity date. The initiation message should suffice to settle the opening and closing exchange of securities collateral and cash. No further messages are required to close out this type of agreement.

Fixed Rate and Term Reverse Repurchase Agreement. ‌ A fixed rate and term reverse repurchase agreement has a fixed rate and an established maturity date. The initiation message should suffice to settle the opening and closing exchange of securities collateral and cash. No further messages are required to close out this type of agreement.