Rollovers
Borrowers may elect to rollover or extend the term of their repo transactions.
Last updated
Borrowers may elect to rollover or extend the term of their repo transactions.
Last updated
As a convenience feature, borrowers are able to elect to rollover or extend their repo transaction prior to maturity. They may do so by electing a specific auction to extend their by calling the borrowerElectRollover
function. Only auctions that (i) settle in the same and (ii) accept the same are eligible for rollover. The and of the rollover auction must also fall within the .
By electing to rollover an existing Term Repo, a borrower is able to tender a bid in a rollover auction without locking new collateral. Collateral held against an existing Term Repo are credited against their bid in the rollover auction thereby saving the step of obtaining bridge funds between the repurchase date and the clearing of a subsequent auction to refinance an existing position.