Published:
Malaysia's central bank extends maximum tenor of repo to 5 years
This expands the previous deadline of only one year.
Bank Negara Malaysia has extended the maximum tenor of repurchase agreements (repo) to 5 years from only 365 days previously.
In a policy document, Malaysia’s central bank said that the extension applies to transactions involving both ringgit and non-ringgit repo, and reverse repo transactions including any outright sale or purchase of repo securities with the intention to resell them later.
A repo refers to a short-term borrowing for dealers in government securities.
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