2008-09-09 | 978277724

Banking Circular No 6 of 2008 - Introduction of the Interbank (“Horizontal”) Master Repurchase Agreement (MRA)

The Central Bank of Kenya is introducing a new Master Repurchase Agreement (MRA) for commercial banks to govern repurchase transactions between banks ("Horizontal Repo"). The MRA is based on the Global Master Repurchase Agreement (GMRA) model but has been customized to suit the domestic market situation and existing infrastructure. The purpose of this banking circular is to forward the relevant documents to commercial banks and advise them of the new Horizontal Repo transaction platform, which will be introduced on September 12, 2008.

Kenya

Central Bank of Kenya

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