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Net Basis

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

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...

Collateral

A borrower's pledge of a property/ assets to a lender or creditor in order to secure repayment of a loan...

Fixed-Income Repo

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

Equity Repo

Unlike classic repo transactions where the underlying security is in the form of government or corporate bonds, equity repos are...

Variable Rate Repo

A type of repo (repurchase agreement) in which the interest rate is variable- i.e., it it changes (floats) in accordance...

Floating Rate Repo

A type of repo (repurchase agreement) in which the interest rate is changed (floats) in accordance with change in an...