SYSTEM AND METHOD FOR CONDUCTING REPO AND REVERSE-REPO SECURITIES TRANSACTIONS AT MARKET AVERAGE RATE

摘要

A system and method for conducting repo market transactions, wherein the repo market transactions are made at a broker average market (“BAM”) rate based on an average transaction rate. The BAM rate can be based on a broker, or multiple brokers' average rate, either overnight or averaged over a term, and can be flat or at a plus or minus spread to the broker average.