Master Repurchase Agreement for Singapore

Master Repurchase Agreement Template for Singapore

A Master Repurchase Agreement under Singapore law is a standardized contract governing repurchase transactions between financial institutions. It establishes the framework for the sale and subsequent repurchase of securities, incorporating Singapore's regulatory requirements under the Securities and Futures Act and MAS guidelines. The agreement covers crucial aspects including pricing, margin maintenance, events of default, and close-out netting provisions, while ensuring compliance with Singapore's financial regulations and banking laws.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our Singapore-compliant Master Repurchase Agreement

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Master Repurchase Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a Master Repurchase Agreement?

The Master Repurchase Agreement is essential for financial institutions engaging in repurchase transactions in Singapore's financial markets. It provides a comprehensive framework for documenting repo transactions, managing counterparty risk, and ensuring regulatory compliance. The agreement incorporates specific provisions required under Singapore law, including MAS regulations and the Securities and Futures Act. This standardized document includes terms for pricing, margin maintenance, default scenarios, and close-out netting, making it a crucial tool for financial institutions managing their liquidity and securities financing operations.

What sections should be included in a Master Repurchase Agreement?

1. Parties: Identification of the parties entering into the agreement, including registration details and addresses

2. Background: Context of the agreement and relationship between the parties

3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation

4. Purchase and Repurchase Obligations: Core obligations regarding the sale and repurchase of securities

5. Pricing and Payment Terms: Purchase price, repurchase price, and pricing differentials

6. Margin Maintenance: Requirements for maintaining margin and margin transfer obligations

7. Income Payments: Treatment of income on purchased securities

8. Events of Default: Circumstances constituting default and consequences

9. Close-out and Netting: Procedures for early termination and netting of obligations

10. Representations and Warranties: Standard representations by both parties

What sections are optional to include in a Master Repurchase Agreement?

1. Buy/Sell Back Transactions: Specific provisions for buy/sell back transactions when parties want to include buy/sell back transactions

2. Agency Transactions: Provisions for transactions where a party acts as agent for third parties

3. Forward Transactions: Provisions for forward-starting repurchase transactions when parties want to enter into forward-starting repos

4. Securities Lending: Additional provisions for securities lending transactions when parties want to include securities lending capabilities

What schedules should be included in a Master Repurchase Agreement?

1. Schedule 1 - Form of Confirmation: Standard form for transaction confirmations

2. Schedule 2 - Base Currency: Specification of base currency for calculations

3. Schedule 3 - Eligible Securities: List of securities eligible for transactions

4. Schedule 4 - Margin Ratio: Agreed margin ratios for different security types

5. Schedule 5 - Agency Terms: Terms applicable to agency transactions

6. Appendix A - Supplemental Terms and Conditions: Additional terms specific to the parties' relationship

7. Appendix B - Required Notifications: Forms and procedures for required notices

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Banking
Securities Trading
Asset Management
Insurance

Relevant Teams

Treasury
Trading
Legal
Risk Management
Compliance
Operations

Relevant Roles

Treasury Manager
Trading Director
Risk Manager
Legal Counsel
Compliance Officer

Industries

Securities and Futures Act (Cap. 289): Primary legislation governing securities and futures markets, including repurchase agreements and securities-based transactions in Singapore

Companies Act (Cap. 50): Key legislation governing corporate entities and their operations in Singapore, relevant for entity capacity and authority

Banking Act (Cap. 19): Regulatory framework for banking institutions in Singapore, including their participation in repo transactions

Monetary Authority of Singapore Act (Cap. 186): Establishes MAS's regulatory authority and oversight of financial institutions and markets

MAS Notice SFA 04-N13: Specific regulations on Risk Based Capital Adequacy Requirements for financial institutions

MAS Guidelines on Risk Management Practices: Regulatory guidance on risk management expectations for financial institutions in Singapore

Securities and Futures (Licensing and Conduct of Business) Regulations: Detailed requirements for conducting securities and futures business in Singapore

Bankruptcy Act (Cap. 20): Legislation governing bankruptcy proceedings and creditor rights in Singapore

Companies (Insolvency and Restructuring) Act: Framework for corporate insolvency and restructuring, crucial for default scenarios

Payment and Settlement Systems (Finality and Netting) Act: Legal framework ensuring finality of settlements and enforceability of netting arrangements

Contract Law of Singapore: Common law principles governing formation and enforcement of contracts in Singapore

Unfair Contract Terms Act (Cap. 396): Legislation controlling the use of unfair terms in contracts

GMRA Principles: International standard principles for Global Master Repurchase Agreements that influence local implementation

Basel Framework: International banking standards affecting capital requirements and risk management in repo transactions

IOSCO Principles: International securities regulation standards relevant to repo market operations

Anti-Money Laundering Regulations: Requirements for preventing money laundering in financial transactions

Counter-Terrorism Financing Requirements: Regulatory obligations to prevent terrorism financing through financial transactions

Personal Data Protection Act (PDPA): Data protection obligations affecting handling of personal information in financial agreements

Find the exact document you need

No matches found.

Cyber Security Service Level Agreement

A Singapore-law governed agreement defining cybersecurity service levels, security measures, and compliance requirements.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Master Repurchase Agreement?

What sections should be included in a Master Repurchase Agreement?

What sections are optional to include in a Master Repurchase Agreement?

What schedules should be included in a Master Repurchase Agreement?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Cyber Security Service Level Agreement

Security Deposit Agreement

Penetration Testing Confidentiality Agreement

Collateral Substitution Agreement

Purchase Money Security Agreement

Cyber Security Agreement

Purchase Security Agreement

Note And Warrant Purchase Agreement

Note And Security Agreement

Factoring And Security Agreement

Debenture Trustee Agreement

Collateral Control Agreement

Data Security Agreement

Personal Security Agreement

Omnibus Loan And Security Agreement

Information Security Agreement

Confidentiality And Security Agreement

Business Security Agreement

Personal Loan Contract With Collateral

Security Service Agreement

Third Party Collateral Agreement

Deposit Pledge Agreement

Security Control Agreement

Debenture Subscription Agreement

Title Transfer Collateral Agreement

Third Party Pledge Agreement

Stock Pledge Agreement

Receivables Pledge Agreement

Personal Data Protection Agreement

Master Security Agreement

Share Security Agreement

Promissory Note And Security Agreement

Collateral Access Agreement

Third Party Security Agreement

Property Collateral Agreement

Pledge And Security Agreement

Security Loan Agreement

Master Repurchase Agreement

Mortgage And Security Agreement

Cross Collateral Agreement

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Use Cases

Generate Legal Docs Free