Regulatory Alerts2010-01-01
Global Master Repurchase Agreement 2010 Version Rev for Zambia
Issued in March 2010 for the Zambian market, this Global Master Repurchase Agreement establishes the legal framework for repurchase and buy/sell back transactions between a Seller and a Buyer. The document defines critical terms such as Acts of Insolvency and Events of Default, while mandating the use of confirmations to record transaction specifics like purchase dates and pricing rates. It further requires parties to maintain margin transfers or adjust transaction terms to manage net exposure arising from market value fluctuations.
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