The price gain between the two trades in a repo transaction, expressed as an annualised percentage.... more on: Repo rate

The relevant risk-free rate of interest for many arbitrageurs operating in the futures market.

This is also known as Bank of England base rate. See the definition of this term earlier in this glossary.

This is one of the credit management tools used by the Reserve Bank to regulate liquidity in South Africa (customer spending). The bank borrows money from the Reserve Bank to cover its shortfall. The Reserve Bank only makes a certain amount of money available and this determines the repo rate. If the bank requires more money than what is available, this will increase the repo rate - and vice versa.

The Riksbankâ€(tm)s most important policy rate, which is used to influence short-term market rates. The repo rate is the rate that banks receive or pay when depositing or borrowing funds at the Riksbank for a period of seven days.

The interest rate paid on the cash side of a repo/reverse transaction.

See Repurchase Agreement.