Current Affairs - Economy - Discussion

NSE launched a 'Tri-party Repo Market Platform' for repurchase of corporate debt security. It is a repo contract where a third entity, apart from the borrower and lender, called tri-party agent acts as an intermediary to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction. It provides opportunity to borrow against the securities and provides short-term liquidity to participants.