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Banking

Net Basis

The basis amount that results from adjusting the gross basis for net carry. Net carry is the actual coupon income...

Discount Rate

The interest rate which is charged to commercial banks and other depository institutions on short-term loans offered by the central...

GC Security

It stands for general collateral security; broadly, it is a category of collateralized securities (known as eligible collateral) with identical...

General Collateral Security

Broadly, it is a category of collateralized securities (known as eligible collateral) with identical credit quality, and as a result...

SC Security

It stands for special collateral security; a specifically determined and specified collateral security in a repo transaction. In this transaction,...

Special Collateral Security

A specifically determined and specified collateral security in a repo transaction. In this transaction, the underlying security/ issue is well...

Fixed-Income Repo

A type of repo in which the underlying security is a fixed-income instrument (such as government or corporate bonds), as...

Open Repurchase Agreement

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open repurchase agreement...

Open RP

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open RP is...

Open Repo

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open repo is...