Tri-Party Repo - TRS

The TRS can be used for the settlement, collateralisation and maintenance of repurchase agreement (repo) transactions in South African currency (ZAR). The transfer of cash (the principal in a repo transaction) will occur at the same time as the transfer of securities (the collateral) under the Delivery versus Payment (DvP) settlement mechanism, as per the Bank of International Settlement (BIS) Model 1 method.

Through centralising collateral management, clients have control over counterparty relationships and are able to automate the administrative burden associated with managing exposures by outsourcing the monitoring and managing of numerous activities. Collateral placed is evaluated and reconciled daily, ensuring all exposures are optimally covered, while eligibility and sufficiency of collateral for both giver and receiver is monitored in real-time.

Strate collateral Management

Total Exposures Fully Collateralised