In a statement sent to VerAngola, the institution states that it was part of the working group, not only actively contributing to the elaboration of the rules and the technical component that characterizes it, but also being one of the first to register an interbank transaction of Repos, attesting to the market effectiveness.
Repurchase Agreements or “Repurchase Agreements”, are contracts for the purchase of securities from a counterparty, at a given time, with a commitment to resell the securities at a future date to this same counterparty. Repos are, therefore, repurchase agreements, through which one of the parties, which holds certain securities in its portfolio, such as bonds, sells these same securities to the other party, repurchasing them at a future date, at a price slightly higher. The difference between the repurchase price and the sale price constitutes the interest on the transaction, explains the bank.
“SBA, as an active member of BODIVA, has participated intensively in its consolidation and evolution. The participation in the development of the Repos market is, therefore, another step and a contribution in this path of consolidation and affirmation. Repos are a fundamental component for the development of the capital market, ensuring that operators can make better use of the resources they have at their disposal. That is, using the securities to be able to finance in the short term, namely up to one year, providing liquidity to the market”, adds Rodrigo Kinsukulu, director of the Market Room at Standard Bank of Angola.
