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OKVIRNI REPO UGOVOR MASTER REPO AGREEMENT
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OKVIRNI UGOVORO REOTKUPU HARTIJA OD VREDNOSTI
(OKVIRNI REPO UGOVOR)
Zaključen dana _______ 20__.godine(u daljem tekstu: Ugovor)
između:
<banka A>
i
<banka B>
u daljem tekstu: Ugovorne strane.
I. Opšte odredbe
Član 1.
(1) Ugovorne strane su saglasne da ovim ugovorom urede međusobne odnose u vezi sa obavljanjem repo transakcija (u daljem tekstu: Transakcijа).
(2) Тransakcijа јe kupovina i prodaja hartija od vrednosti u kojoj je jedna ugovorna strana (u daljem tekstu: Prodavac) saglasna da na datum kupovine proda hartije od vrednosti drugoj ugovornoj strani (u daljem tekstu: Kupac), a Kupac je saglasan da plati Prodavcu kupovnu cenu, uz istovremenu obavezu da će ekvivalentne hartije od vrednosti na tačno utvrđeni datum ili na zahtev Prodavca (u daljem tekstu: datum reotkupa) prodati Prodavcu koji će za te hartije Kupcu platiti reotkupnu cenu.
(3) Transakcije se izvršavaju u zemlji i inostranstvu preko nadležnih intitucija za kliring i saldiranje hartija od vrednosti.
(4) Ugovorne strane nisu u obavezi da obavljaju Transakcije, već o tome odlučuju zavisno od svojih potreba, kao i procene kretanja finansijskih i drugih pokazatelja na finansijskom tržištu.
Član 2.
(1) Ugovorne strane su saglasne da će za svaku pojedinačnu Transakciju na osnovu ovog ugovora zaključiti poseban ugovor u kome će biti utvrđeni uslovi te Transakcije (u daljem tekstu: Zaključnica) koji, zajedno sa ovim ugovorom (u daljem tekstu: Ugovor), čini jedan jedinstveni ugovor.
(2) Elementi Zaključnice utvrđeni su u prilogu ovog ugovora.
Član 3.
(1) U slučaju protivrečnosti između odredaba ovog ugovora i posebnih uslova za pojedinačnu Transakciju utvrđenih u Zaključnici, primenjivaće se posebni uslovi iz Zaključnice.
(2) Ugovorne strane su saglasne da neizvršenje obaveze jedne ugovorne strane po bilo kojoj Transakciji iz bilo koje Zaključnice predstavlja
FRAMEWORK AGREEMENTON REPURCHASE OF SECURITIES
(MASTER REPO AGREEMENT)
Agreed on _______ 20____(hereinafter: Agreement)
between:
<bank A>
and
<bank B>
hereinafter: Contracting Parties.
I. General Provisions
Article 1.
(1) Contracting Parties agree to regulate their mutual relations by means of this Agreement, in relation to conducting repo transactions (hereinafter: Transactions).
(2) Transaction is defined as the purchase and sale of securities where one Contracting Party (hereinafter: Seller) agrees to sell securities on the purchase date to another Contracting Party (hereinafter: Buyer) for which the Buyer agrees to pay the Seller the purchase price, with the simultaneous obligation of the Buyer to sell equivalent securites to the Seller on an agreed future date (hereinafter: Repurchase Date) or at the Seller's order for which the Seller is obliged to pay the Buyer the repurchase price.
(3) Transactions are conducted in Serbia and internationally, through authorized securities clearing and settlement institutions.
(4) Contracting Parties are not obliged to transact, and decide to enter into Transactions at their own discretion and based on their assessment of financial and other market factors.
Article 2.
(1) Contracting Parties agree to create for each individual Transaction based on this Agreement a special agreement with all relevant details of the Transaction in question (hereinafter: Confirmation) which, coupled with this Agreement, constitutes one single agreeement.
(2) Details of the Confirmation are given in the addendum to this Agreement.
Article 3.
(1) In case of contradictions between the wording of this Agreement and the Transaction details given in the Confirmation, stipulations from the Confirmation shall prevail.
(2) Contracting Parties agree that non-performance of obligations by any one Contracting Party in any Transaction and of any Confirmation represents
OKVIRNI REPO UGOVOR MASTER REPO AGREEMENT
ZAKLJUČNICA REPO TRANSAKCIJE
Referentni broj:_________________
Mesto Transakcije: ________________________
Datum zaključenja Transakcije: ________________
VEZA SA UGOVOROM
KUPAC PRODAVAC
21.(1) i 13.(2)
Adresa _______________________
Telefon _______________________
Telefax _______________________
Email _______________________
SWIFT _______________________
Broj računa _______________________
Broj računa HoV____________________
Ovlašćenolice _______________________
Adresa _______________________
Telefon _______________________
Telefax _______________________
Email _______________________
SWIFT _______________________
Broj računa _______________________
Broj računa HoV____________________
Ovlašćenolice _______________________
3.(2) i 19.(1) Neizvršenje obaveze jedne ugovorne strane □ Neizvršenje samo – predmetne Transakcije
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OKVIRNI REPO UGOVOR MASTER REPO AGREEMENT
po bilo kojoj predmetnoj Transakcij predstavlja □ Drugo:_______________________
4.(1)28) Izabrana kriva prinosa
□ Belibor
□ Prinos na RSD hartije od vrednosti izdate od strane Republike Srbije sa primarnih aukcija i reotvaranja emisija na primarnim aukcijama
□ Drugo:_______________________
OSNOVNI ELEMENTI TRANSAKCIJEVEZA SA
UGOVOROM ELEMENT IZBOR
Datum Kupovine
Datum reotkupa □ Datum: _________________
□ Transakcija do opoziva
ISIN kupljenih hartija od vrednosti
4.(1)6) c) Ekvivalentne hartije od vrednosti
4.(1)8) Formula za obračun kupovne cene
□ Kupovna cena=
Nominal∗Dirty price100
1+Haircut
□
Kupovna cena= Nominal∗Dirty price100
∗(1−Haircut )
4.(1)11) Repo stopa
4.(1)12) Haircut
4.(1)13) Margin Call
Kupovna cena
Broj kupljenih hartija od vrednosti
Reotkupna cena
4.(1)23) Konvencija o radnom danu
□ Prethodni radni dan
□ Naredni radni dan
□ Izmenjeni naredni dan4.(1)9); 4.
(1)14) i 10.(6)Broj dana u godini
□ 360
□ 365
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OKVIRNI REPO UGOVOR MASTER REPO AGREEMENT
□ Drugo:____________________
4.(1)29) Ugovorna valuta
4.(1)29) Kurs preračuna u Ugovornu valutu
□ Srednji kurs NBS
□ Tržišni kurs na dan preračuna
□ Drugo:_________________
ELEMENTI MARGINEVEZA SA
UGOVOROM ELEMENT IZBOR
9.(6) Transfer margine□ Za svaku pojedinačnu transakciju
□ Drugo:_______________________
9.(1) Agent za vrednovanje
10.(1) Rok za prenos margine
10.(2) Način prenosa margine
□ Margina u novcu
□ Margina u ekvivalentnim HoV
□ Kombinovana margina
10.(3) Zaokruživanje ekvivalentnih hartija od vrednosti
□ Zaokruživanje na veći broj
□ Zaokruživanje na manji broj
10.(6) Kamatna stopa koja se obračunava na prenetu marginu u novcu
10.(6) Intervali plaćanja kamate na marginu u novcu
Navedeni članovi i stavovi odnose se na članove i stavove Ugovora. Ako Ugovorne strane ne ugovore posebne uslove izvršenja Ugovora u ovom Prilogu, primenjuju se opšte odredbe propisane Ugovorom.
OSTALO:_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Ova Zaključnica je sastavni deo Okvirnog ugovora o reotkupu hartija od vrednosti zaključenom između Kupca i Prodavca dana i zajedno čine jedan jedinstveni ugovor.
KUPAC PRODAVAC
______________________ ______________________
______________________ ______________________
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OKVIRNI REPO UGOVOR MASTER REPO AGREEMENT
CONFIRMATION OF REPO TRANSACTION
Reference number: _________________
Place of Transaction: ________________________
Date of Transaction: ________________
Connection with the
Agreement
BUYER SELLER
21.(1) i 13.(2)Address _______________________
Phone _______________________
Telefax _______________________
Email _______________________
SWIFT _______________________
Account number _______________________
Securities account number ____________________
Authorized person _______________________
Address _______________________
Phone _______________________
Telefax _______________________
Email _______________________
SWIFT _______________________
Account number _______________________
Securities account number ____________________
Authorized person _______________________
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OKVIRNI REPO UGOVOR MASTER REPO AGREEMENT
3.(2) i 19.(1)Failure of one contractual party to meet the obligations as per any subject Transaction is
□ Failure to execute – the subject Transaction
□ Other:_______________________
4.(1)28) The selected yield curve
□ Belibor
□ Revenue on RSD securities issued by the Republic of Serbia from the primary auctions and reopening of emissions at the primary auctions
□ Other:_______________________
BASIC TRANSACTION ELEMENTSConnection
with Agreement
ELEMENT SELECTION
Purchase Date
Repurchase Date □ Date: _________________
□ Transaction until recall
ISIN of the purchased securities
4.(1)6) c) Equivalent securities
4.(1)8) Formula for calculation of purchase price
□ PurchasePrice=
Nominal∗Dirty price100
1+Haircut
□
Repurchase Price=Nominal∗Dirty price100
∗(1−Haircut )
4.(1)11) Repo rate
4.(1)12) Haircut
4.(1)13) Margin Call
Purchase Price
Number of purchased securities
Repurchase price
4.(1)23) Working day convention
□ Previous working day
□ Next working day
□ Changed non-working day
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OKVIRNI REPO UGOVOR MASTER REPO AGREEMENT
4.(1)9); 4.(1)14) i 10.(6) Number of days in one year
□ 360
□ 365
□ Other:____________________
4.(1)29) Contractual currency
4.(1)29) Conversion rate in Contractual Currentcy
□ NBS middle rate
□ Market rate on conversion date
□ Other:_________________
MARGIN ELEMENTSConnection
with Agreement
ELEMENT SELECTION
9.(6) Margin transfer□ For each individual transaction
□ Other:_______________________
9.(1) Valuation agent
10.(1) Deadline for margin transfer
10.(2) Manner of margin transfer
□ Margin in money
□ Margin in equivalent securities
□ Combined margin
10.(3) Rounding of equivalent securities □ Rounding off
□ Rounding down
10.(6) Interest rate calculated onto the margin transfered in money
10.(6) Payment intervals of the interest to the margin in money
The mentioned Articles and Paragraphs pertain to the Articles and Paragraphs of the Agreement. If the Contractual Parties do not define special terms of adhering to the Agreement, general provisions proscribed by the Agreement shall be applied.
OTHER:_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
This Confirmation is an integral element of the Frame Agreement on Repurchase of securities concluded between the Buyer and the Seller on ; together they represent a unique agreement.
BUYER SELLER
______________________ ______________________
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OKVIRNI REPO UGOVOR MASTER REPO AGREEMENT
______________________ ______________________
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