Call or Put Dates in REPO

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Imported from previous forum

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Hello,

Referring to page 138 of vol 7 of the 5.0 sp2 spec, I’m wondering how (or if) these put and call dates are being used. Specifically are people using them in the context of OPEN or ROLLING repos?

Thanks!

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[ original email was from John Harris - john.harris@bondmart.com ]
Mr. Mitchell,

I do not believe that call or put dates would be applicable to a conventional, open (or rolling) repo. By convention, these are terminable on a daily basis at the option of the buyer or seller of the collateral.

That said, the beauty of repo is its flexibility and the ability of the parties to negotiate custom, contractual terms. So, the inclusion of call and put dates in the protocol is a nice feature that people may well use.

Best,
John

Hello,

Referring to page 138 of vol 7 of the 5.0 sp2 spec, I’m wondering how
(or if) these put and call dates are being used. Specifically are people
using them in the context of OPEN or ROLLING repos?

Thanks!