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Repo/Reverse Repo transactions are performed according to Byblos Bank Armenia CJSC "Repo/Reverse Repo Transaction" procedure.
Repo involves a transaction whereby the Bank will sell bonds to the
counterparty with an obligation to repurchase them upon the day of
maturity and pay the relevant interest amount, while the counterparty
will obtain the securities with an obligation to resell them upon the
day of maturity.
Reverse Repo involves a transaction whereby the Bank
will obtain securities from the counterparty with an obligation to
resell them upon the day of maturity, while the counterparty will sell
securities with an obligation to repurchase them and pay the relevant
interest amount upon the day of maturity.
The Bank conducts Repo / Reverse Repo transactions to manage the Bank's liquidity.
Central Bank of Armenia and resident commercial banks within the limits approved by the Bank’s ALCO.
