The Gilt Repo Code of Best Practice
A revised version of the Gilt Repo Code of Best Practice was published in August 1998.
The first version of the Code was issued in November 1995, just before the start of the repo market in January 1996. The Code was updated in the light of subsequent market developments.
This updating process was carried out by a working party reporting to the Stock Lending and Repo Committee (SLRC), which is chaired by the Bank of England and brings together a wide variety of associations and institutions with an interest in the repo market.
The original Code, together with the PSA/ISMA legal agreement and its gilt annex which form the ‘Gilt Repo Legal Agreement’, has played a part in the safe and steady growth of the repo market.
Any questions or comments you have on the Code should be
directed to:
The Secretary, Stock Lending & Repo Committee
c/o Bank
of England
Threadneedle Street
London EC2R 8AH
Further copies of the Code can also be obtained from this address.
