Representing a new paradigm in the repo market, Direct Repo™ expands the repo market and improves liquidity by directly aligning non-traditional cash providers and non-traditional collateral providers without the traditional primary dealer intermediation.
Through Direct Repo™, AVM Solutions provides greater financial incentives, better counterparty credit tools and improved technology, making end users much more willing to deal directly with one another. In Direct Repo™ cash and collateral providers interact as principals in the repo transaction.
Consider Direct Repo™ your outsourced repo sales force.
Direct Repo™ at a Glance
- Direct Repo™ is over-the-counter and negotiated by AVM Solutions as agent
- Direct Repo™ transactions are typically governed by industry standard Master Repurchase Agreements and Master Securities Lending Agreements
- Direct Repo™ collateral can be held at Bank of New York Mellon under a Master Custodial Undertaking, a/k/a Tri-Party Repo document
- Going forward, Direct Repo™ may be transacted OTC or electronically on a public repo exchange