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10 April 2013

ICMA publishes 2013 legal opinions on global master repo agreement

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ICMA has today published the 2013 legal opinions which support the Global Master Repurchase Agreement, (GMRA), the standard agreement used for international repo transactions.

The 2013 opinions support the use of the GMRA in 63 jurisdictions worldwide, with the notable addition of an opinion for Russia and an expansion of counterparty coverage in a number of key jurisdictions.

GMRA legal opinions are obtained each year from independent law firms in different countries. This considerable body of legal work is made available to ICMA members as part of their membership of the association. While all 2013 opinions cover, as a minimum, companies, banks and securities dealers, the opinions for 37 jurisdictions additionally cover insurance companies, hedge funds and mutual funds as parties to the GMRA.


Full press release


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