CFI code group : Repurchase agreements [LR]
Financial acronyms
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CFI code group specification as per ISO 10962:2021
A simultaneous sale and repurchase agreement entered into by two parties where one party agrees to sell securities or cash to the other party in exchange for collateral. The repurchase terms are generally for the repurchase of the same or equivalent securities at a specified price on an agreed future date. During the term of the agreement, the ownership rights of the securities are transferred.
CFI code group attributes
1st attribute of group LR : Underlying assets
Possible values are:
G
General collateral
S
Specific security collateral
C
Cash collateral
2nd attribute of group LR : Termination
Possible values are:
F
Flexible
N
Overnight
O
Open
T
Term
3rd attribute of group LR : N/A
Possible values are:
X
Not Applicable/Undefined
4th attribute of group LR : Delivery
Possible values are:
D
Delivery versus payment
H
Hold-in-custody
T
Tri-party