Glossary

A B C D E F G H I L M N O P R S T V

REBATE: A method of fee quotation used in the international securities lending market, the rebate is the difference between the interest rate obtained by the lender (on cash collateral lodged with the lender by the borrower) and the loan fee the lender wishes to charge.
REBATE RATE: The interest paid on the cash side of a securities lending transaction. A rebate rate of interest implies a fee for the loan of securities.
RECALL: A request by a lender for the return of securities from a borrower.
REPO: A transaction whereby one party sells securities to another party and agrees to repurchase the securities at a future date at a fixed price.
REPO (OR REVERSE) TO MATURITY: A repo or reverse repo that matures on the maturity date of the security traded.
REPO RATE: The interest rate paid on the cash side of a repo/reverse transaction.
REPO TO MATURITY: A repo that matures on the maturity date of the security repoed.
REPRICING: Occurs when the market value of a security in a repo or securities lending transaction changes and the parties to the transaction agree to adjust the amount of securities or cash in a transaction to the correct margin level.
REPURCHASE AGREEMENT: See Repo
RETURN: Occurs when the borrower of securities returns them to the lender.
REVALUATION (REVAL): See Repricing.
REVERSE REPO: The mirror image of a repo. The party that is reversing purchases securities from another party and simultaneously agrees to resell the securities at a future date at a fixed price.
ROLL: To renew a trade at its maturity.