Examples of Repo Buyer in a sentence
Repo Buyers shall complete the format as per Appendix 1 in order to qualify as a Repo Buyer.
It is the sole responsibility of the Repo Seller and Repo Buyer to ensure that the repo agreement shall contain all the rights and obligations of the Repo Seller and Repo Buyer.
Repo Buyer means the provider of cash and the buyer of DFM securities ie.
Own the securities where the Repo Buyer is also the issuer of the securities.
Article (5)1- It is the sole responsibility of the Repo Seller and Repo Buyer to ensure that the repo agreement shall contain all the rights and obligations of the Repo Seller and Repo Buyer especially with respect to the right to vote and the dividend.2. The buyer and seller of the repo shall comply with the disclosures specified in the law and regulations of the Authority, the market rules and the basic articles of association of the listed companies.
The Repo Buyer shall receive any coupon payment over the securities used in a repo transaction during the span of his ownership, but shall immediately transfer any such payment received to the repo seller.
The legal ownership of the eligible securities shall be transferred from the Repo Seller to the Repo Buyer for all Repo transactions.
If the Repo Buyer uses the trading account, the Member of where the trading account is must sign the designated section of Appendix 2.
Dubai Clear may mark the account of the Repo Buyer as ‘REPO’ so as to identify the repo securities and any subsequent dealing of repo securities thereof.
In a Sell/Buy-Back transaction, the Repo Buyer is required to pay all interest and other payments on the securities at maturity, which will be factored into the buy-back price when carrying out the deal.