MRA and GMRA Documentation
The Master Repurchase Agreement (MRA) and Global Master Repurchase Agreement (GMRA) are standardized agreements for U.S. repurchase (repo) and non-U.S. repo transactions, respectively. They are for use when parties may enter into transactions in which one party (a “Seller”) agrees to transfer to the other (a “Buyer”) securities or other assets against the transfer of funds by the Buyer, with a simultaneous agreement by the Buyer to transfer to the Seller such securities at a date certain or on demand, against the transfer of funds by the Seller.
Each agreement consists of a pre-printed master agreement that contains standard provisions and related documentation, all of which are available on this page. SIFMA also commissions legal opinions on behalf of its members.
Upon publication, all documentation is available in SIFMA’s Market Practices & Model Documentation Library.
Master Repurchase Agreement (MRA)
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PDFDownload Master Repurchase Agreement (MRA) - 1996 Version
Master Repurchase Agreement (MRA) - 1996 Version
Global Master Repurchase Agreement (GMRA)
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PDFDownload Global Master Repurchase Agreement (GMRA) - 2011 Version
Global Master Repurchase Agreement (GMRA) - 2011 Version
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PDFDownload Global Master Repurchase Agreement (GMRA) - 2000 Version
Global Master Repurchase Agreement (GMRA) - 2000 Version
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PDFDownload Global Master Repurchase Agreement (GMRA) - 1995 Version
Global Master Repurchase Agreement (GMRA) - 1995 Version
MRA Documentation
- Download Guidance Notes (1996 to 1987 Version)
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PDFDownload Supplemental Guidance Notes
Supplemental Guidance Notes
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PDFDownload Amendment (1996 or 1987 Version)
Amendment (1996 or 1987 Version)
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PDFDownload Annex – Relating to European Economic and Monetary Union
Annex – Relating to European Economic and Monetary Union
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PDFDownload Annex – Guidance Notes
Annex – Guidance Notes
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PDFDownload Annex I – Supplemental Terms and Conditions
Annex I – Supplemental Terms and Conditions
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PDFDownload Annex I – Guidance Notes
Annex I – Guidance Notes
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PDFDownload Annex III - Amendment (Tax Changes/FATCA)
Annex III - Amendment (Tax Changes/FATCA)
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PDFDownload Annex III - Guidance Notes
Annex III - Guidance Notes
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PDFDownload Annex VIII – Transactions in Equity Securities
Annex VIII – Transactions in Equity Securities
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PDFDownload Annex VIII – Guidance Notes
Annex VIII – Guidance Notes
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PDFDownload Annex IX – Transactions Involving Certain Japanese Financial Institutions
Annex IX – Transactions Involving Certain Japanese Financial Institutions
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PDFDownload Annex IX – Legal Opinion
Annex IX – Legal Opinion
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PDFDownload Annex IX – Guidance Notes
Annex IX – Guidance Notes
GMRA Documentation (2000 Version)
- Download Guidance Notes – English
- Download Guidance Notes – French
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PDFDownload Guidance Notes – German
Guidance Notes – German
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PDFDownload Guidance Notes – Italian
Guidance Notes – Italian
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PDFDownload Guidance Notes – Spanish
Guidance Notes – Spanish
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PDFDownload Amendment Agreement
Amendment Agreement
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PDFDownload Blackline (2000 to 1995 Version)
Blackline (2000 to 1995 Version)
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PDFDownload Notes on Opinions Jointly Obtained by ISMA and TBMA
Notes on Opinions Jointly Obtained by ISMA and TBMA
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PDFDownload Mini Close-Out Form
Mini Close-Out Form
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PDFDownload Agency Annex – Supplemental Terms and Conditions for Agency Transactions
Agency Annex – Supplemental Terms and Conditions for Agency Transactions
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PDFDownload Annex I - Australian Financial Market Association (AFMA)
Annex I - Australian Financial Market Association (AFMA)
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PDFDownload Bills Annex – Supplemental Terms and Conditions for Transactions in Treasury Bills, Local Authority Bills, Bills of Exchange and Certificates of Deposit
Bills Annex – Supplemental Terms and Conditions for Transactions in Treasury Bills, Local Authority Bills, Bills of Exchange and Certificates of Deposit
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PDFDownload Buy/Sell Back Annex – Supplemental Terms and Conditions for Buy/Sell Back Transactions
Buy/Sell Back Annex – Supplemental Terms and Conditions for Buy/Sell Back Transactions
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PDFDownload Canadian Annex
Canadian Annex
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PDFDownload Equities Annex – Supplemental Terms and Conditions for Transactions in Equities
Equities Annex – Supplemental Terms and Conditions for Transactions in Equities
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PDFDownload Equities Annex - Guidance Notes
Equities Annex - Guidance Notes
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PDFDownload Italian Annex – Supplemental Terms and Conditions for Transactions in Italian Domestic Purchased Securities or Italian Bonds
Italian Annex – Supplemental Terms and Conditions for Transactions in Italian Domestic Purchased Securities or Italian Bonds
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PDFDownload Japanese Annex
Japanese Annex
GMRA Documentation (1995 Version)
- Download Guidance Notes (1995 Version)
- Download Notice of Principal Changes (1995 to 1992 Version)
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PDFDownload Supplemental Guidance Notes (1995 Version)
Supplemental Guidance Notes (1995 Version)
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PDFDownload Japanese Securities Annex (1995 Version)
Japanese Securities Annex (1995 Version)