tri-party

In a so-called tri-party repo, the borrower attaches a value to securities it owns and then hands over those securities, as collateral to a third party in exchange for cash.

'Repo' Market Reforms Face Delays Cynthia Lin 2011

New York Fed president William Dudley scolded the financial industry for failing to move quickly enough to strengthen the $1.6 trillion lending market known as "tri-party repo."

Bernanke and Banks Tested by Latest Market Strains Jon Hilsenrath 2011

In the U.S. tri-party repos, J.P. Morgan Chase & Co. and Bank of New York Mellon Corp. are the two clearing banks.

Tri-Party Repos Remain Vulnerable to Systemic Shocks Min Zeng 2011

But changes in tri-party repos were largely left to the private sector.

Tri-Party Repos Remain Vulnerable to Systemic Shocks Min Zeng 2011

But in his speech, the New York Fed's Dudley said he has "doubts" whether the next set of industry recommendations will be "sufficient to eliminate all the major potential sources of instability" in the tri-party repo market.

Tri-Party Repos Remain Vulnerable to Systemic Shocks Min Zeng 2011

While progress has been made on some aspects to improve the settlement, payment and clearing of the tri-party repos, the task force said in a report issued in July that the targeted overhaul of intraday credit can't be completed this year.

Tri-Party Repos Remain Vulnerable to Systemic Shocks Min Zeng 2011

Now, the slow progress in a private-sector-led effort to strengthen the settlement structure for tri-party securities repurchases, or repos, has prompted a senior Federal Reserve official to signal that financial regulators may need to step in and push the overhauls forward.

Tri-Party Repos Remain Vulnerable to Systemic Shocks Min Zeng 2011

The tri-party repo market helps to facilitate the banking system and the economy.

Tri-Party Repos Remain Vulnerable to Systemic Shocks Min Zeng 2011

It emerged from the "tri-party" recurring meetings she held to bring freight, pedestrian and bicycle interests together to jointly hash out specific transportation issues on specific corridors.

“Walk Bike Ride” Plan Would Narrow Nickerson for Bikes « PubliCola 2010

Unlike a bilateral repo deal, tri-party repos involve a clearing bank as an intermediary to settle the trade.

Tri-Party Repos Remain Vulnerable to Systemic Shocks Min Zeng 2011