RTS: Client Repo Transactions Introduced On Order-Driven Market

Effective June 9th, 2003, clients of each company-broker will have an opportunity to conduct repo transactions with each other (so called "client repo"). This option became available upon unveiling of the new version of Plaza, RTS Plaza 7.2.

A repo technically is a two-sided transaction - a sale and an obligation to subsequently repurchase the security on a certain date at a certain price.

RTS Order-driven market allows it participants to change the terms of reverse repo transactions thus making asset management more effective.