TradeRisks’ Gilt Repo Services

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TradeRisks’ Gilt Repo Services (TR GRS) allows clients to deposit cash whilst receiving Gilts as collateral. Such collateral mitigates the counterparty risk associated with bank deposits or other traditional means of cash management. TR GRS achieves this by entering into Repurchase Agreements (“Repo’s”). Under a Repo agreement the cash deposited is returned, in exchange for the collateral held, on a specified date, along with interest accrued at the Repo rate agreed at the time of deposit.

Because they address counterparty risk, Repo’s have now largely replaced unsecured lending between Financial Institutions. The Bank of England uses Repo’s as its tool for managing money market operations. However, Repo’s are not generally available to non-Financial Institutions. TR SGRS is designed to address this gap by allowing its clients to manage cash while benefiting from the flexibility and security of Repo.

TR GRS can be used by suitable institutional clients and can be accessed by signing a TR GRS Agreement. For more information, please click on 'download pdf' below.