Bank unveils gilts repo code

Wednesday 08 November 1995 19:02 EST

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Bank unveils gilts repo code

The Bank of England yesterday published final versions of its documents for the gilts repo market opening on 2 January. They include a legal agreement for repos and a code of best practice. Ian Plenderleith, executive director for monetary operations at the Bank, said: "It is vital that the market should be safe and orderly... Firms now need to plan carefully their strategies and ensure that they have proper systems and controls in place."

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