Operational notice: Money Market Operations - May 2020
Last Modified Date:
2020-10-01, 09:31 PM
Notices > Operational Notice
Background:This Operational Notice applies to the Master Repurchase Agreement entered into between the South African Reserve Bank (SARB) and its counterparties and the 2011 Global Master Repurchase Agreement (GMRA) to be entered into between the SARB and its counterparties, as amended from time to time (“each respectively referred to as the Agreement). This Operational Notice (Notice) forms part of the Agreement and clarifies the procedures which govern participation in the SARB open-market operations. All transactions referred to in this Notice are governed by the Agreement and the Agreement must be signed by all participants who conclude repurchase and reverse repurchase transactions with the SARB. In the event of any conflict between this Notice and the Agreement, the Notice shall prevail in respect of the specific transaction or transactions. All capitalised terms used in this Notice and not defined will have a meaning given to them in the Agreement.