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Best practice in the European repo market
A newly revised version of the ICMA ERCC Guide to Best Practice in the European Repo Market has been made available for use by the market as from 8 February.  Whilst tidying up many minor details, this latest version of the Guide also introduces many elements of new, extended and refined best practice guidance.  Perhaps most significantly, this latest version includes best practice updates in relation to negative repo rates; confirmation and affirmation; and margining.

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