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This Reverse Repurchase Agreement template is designed for use in South African financial markets transactions, where parties seek to enter into securities financing arrangements. The document is particularly relevant when financial institutions need to manage their liquidity positions or when seeking short-term funding arrangements backed by securities. It incorporates requirements from the Financial Markets Act 2012, Banks Act 1990, and other relevant South African legislation. The agreement covers essential elements including securities transfer, pricing mechanisms, margin maintenance, and default provisions, while ensuring compliance with South African Reserve Bank requirements and market practices. It's typically used in professional financial markets transactions and includes necessary safeguards for both parties.

1. Parties: Identification of the parties entering into the agreement, including their registration details and addresses

2. Background: Context of the agreement and brief explanation of a reverse repurchase transaction

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation

4. Purchase and Sale: Core transaction terms including the agreement to sell and repurchase securities

5. Price and Payment Terms: Purchase price, repurchase price, pricing calculations, and payment mechanisms

6. Transfer of Securities: Procedures and requirements for the transfer of securities between parties

7. Margin Maintenance: Requirements for maintaining margin, including margin calls and transfers

8. Income Payments: Treatment of income on the purchased securities during the transaction period

9. Rights of Substitution: Terms under which securities may be substituted during the transaction

10. Events of Default: Definition of default events and consequences

11. Remedies: Available remedies in case of default or breach

12. Representations and Warranties: Standard representations and warranties from both parties

13. Tax Provisions: Treatment of taxes and tax-related obligations

14. Notices: Communication procedures between parties

15. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and amendments