Topic
repurchase agreements
19 published works
Derivatives & Repo Report
Treasury Clearing Proposal: More on Multilateral Netting
By Stephen A. Keen, Perkins Coie
While working out the possible impact of the SEC’s proposal to require central clearing of triparty repurchase agreements, we realized that we short-changed the analysis of multilateral netting in our…
Credit Chronometer
Repurchase Agreement Redux: Mortgage Loan Originator Bankruptcies Are Back
By Joseph Cioffi, Massimo Giugliano, Adam M. Levy
Residential mortgage warehouse providers acting under repurchase or “repo” agreements as buyers should be assured that safe harbors under the Bankruptcy Code will permit them to enforce their rights under repurchase…
Global Regulation Tomorrow
EBA publishes final guidelines on the conditions for the alternative treatment of “tri-party repurchase agreements” for large exposure purposes
On 16 February 2021, the European Banking Authority (EBA) issued final guidelines specifying the conditions for the application of the alternative treatment of institutions’ exposures related to ‘tri-party repurchase agreements’…
Derivatives & Repo Report
Checklist for Including Reverse Repos and Similar Financing Transactions in Asset Coverage Procedures
By Perkins Coie
By Stephen A. Keen & Andrew P. Cross This is the sixth installment of our discussion of the compliance requirements of new Rule 18f‑4 and wraps up our discussion of paragraph (d) of…
Credit Chronometer
The Next Strain of Repo Litigation
Joseph Cioffi and Joel Melendez's article, “The Next Strain of Repo Litigation,” was published in The Real Estate Finance Journal. Click here to view the full article.
Retained Interest
101: Repurchase facilities to finance mortgage loans
By Eric M. Reilly, Miller Smith
A repurchase facility (“Repurchase Facility”) is a financing arrangement pursuant to which a bank or other credit institution (a “Buyer”) provides liquidity to an entity that originates or acquires real…
Derivatives & Repo Report
Treasury Department Proposes a New Rule for Data Collection of Centrally Cleared Repo Transactions
By Tom Ahmadifar, Perkins Coie
Last month, on July 10, 2018, the Office of Financial Research (“OFR”), an agency of the U.S. Department of the Treasury, proposed a new rule that would require collection of…
Derivatives & Repo Report
Fed Reserve Requests Comments on Proposed Repo Rates
By Perkins Coie
On August 22, 2017 the Board of Governors of the Federal Reserve System (“Fed”) issued a notice and request for comment (the “Notice”) with respect to the proposed publication by…
Derivatives & Repo Report
Expanded MMF Eligibility Criteria for FRBNY Repo Progam
By Shawn R. Durrani, Perkins Coie
Effective September 2, 2016, the Federal Reserve Bank of New York (FRBNY) revised the reverse repurchase transaction (RRP) counterparty eligibility criteria with respect to money market funds (MMFs). The revisions…
Derivatives & Repo Report
Welcome to DR2 – The Derivatives and Repo Report at Perkins
Welcome to The Derivatives and Repo Report, a blog from Perkins Coie that offers insights into regulatory and transaction issues related to derivatives and repurchase agreements. Our goal is to provide…