Standard Forms / Documentation / Guidelines

Global Master Repurchase Agreement

2000 Version (1995 version )

2000 TBMA/ISMA Global Master Repurchase Agreement (pdf)
Global Master Repurchase Agreement Guidance Notes (pdf)
French Version of the GMRA Guidance Notes (pdf)
German Version of the GMRA Guidance Notes (pdf)
Italian Version of the GMRA Guidance Notes (pdf)
Spanish Version of the GMRA Guidance Notes (pdf)
Amendment (pdf)
Blacklined changes from 1995 version (pdf)
Notes on Opinions Jointly Obtained by ISMA/TBMA (pdf) (2004)
GMRA Mini Close-out Form (pdf)

Annexes

GMRA Equities Annex - published 12-Feb-03
The Association, together with ISMA, have finalized and published the revised Equity Annex to the GMRA 2000, together with updated Guidance Notes to the Annex.

Final GMRA Mini Close-out Form - published 27-Mar-03
The GMRA Mini Close-out Form may be used following a failure by the buyer to deliver equivalent securities on the repurchase date, as an optional template by market participants for terminating a transaction under paragraph 10(f) of the 1995 GMRA or paragraph 10(h) of the 2000 GMRA. 

AFMA Annex I to GMRA - June 2005
The Australian Financial Market Association has published an AFMA Annex I, covering Australian domestic repo transactions in Australian dollar-denominated securities documented under either the GMRA 1995 or 2000. The new AFMA Annex I suggests elections that reflect current Australian market practices in repo transactions under the GMRA 1995 & 2000. Members should individually determine whether the AFMA Annex I adequately meets their requirements. The previous version of the AFMA Annex I to the 1995 GMRA remains valid and can continue to be used to document repos under the GMRA 1995. AFMA has published the new Annex I in its "Guide to OTC Documents" accompanied by a supplemental legal opinion regarding the effect of the AFMA Annex I on the GMRA 1995 & 2000. Such opinion does not constitute legal or other professional advice to TBMA or its members and cannot be relied on as such by them. Please contact Markus Sgouridis at +44.20.7743.9334 if you have any questions.

PSA/ISMA GMRA, 1995 Version - published 1-Jan-95
Agreement, 1995 Version (pdf)
Guidance Notes (pdf)
Notice of Changes (pdf)
Supplemental Guidance Notes for Master Repo/Global Master Repo (pdf)

GMRA Opinions

The opinions are available to members for free, and to non-members for $2000 each.


PSA/ISMA Global Master Repurchase Agreement Version I, Gross Paying Securities

1995 Version

Agreement, 1995 Version (pdf)
Guidance Notes (pdf).
Notice of Changes (pdf).
Supplemental Guidance Notes for Master Repo/Global Master Repo (pdf)