ERCC publishes new version of its Repo Best Practice Guide
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ERCC publishes new version of its Repo Best Practice Guide 29 March 2022Global Reporter: SFT
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The European Repo and Collateral Council (ERCC) of the International Capital Markets Association (ICMA) has released an updated version of its Repo Best Practice Guide.
This document provides details of recommended practices, conventions and points of clarification designed to support orderly trading and settlement of repurchase agreement transactions.
The new edition of this guide, the Guide to Best Practice in the European Repo Market, adds a number of new and updated guidelines since the document was last published in March 2021.
This includes updates to trading, margining and lifecycle management for repo trades that have been confirmed by the ERCC’s Best Practice Working Group and endorsed by the ERCC Committee.
This also integrates additions to best practice relating to application of settlement optimisation tools, including shaping and autoborrowing tools, that were confirmed as part of a wider ERCC programme to promote settlement efficiency.
The latest version of the ICMA Guide to Best Practice in the European Repo Market can be accessed here.
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Image: AdobeStock/James 