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Repricing Date

The concept of a “Repricing Date” applies to “Repriced Transactions”.  By way of reminder, “Repriced Transactions” allow the parties to a transaction to extinguish “Transaction Exposure” by amending the cash leg of a transaction such that it ‘fits’ the available amount of ‘collateral’ (factoring in the collateral cushion agreed between the parties).

If a transaction is to be repriced, the “Original Transaction” is terminated and replaced with a new transaction (the “Repriced Transaction”).

As the name suggests, the “Repricing Date” is the date on which the actual repricing of the “Repriced Transaction” takes place.  It is also the Repurchase Date of the “Original Transaction” – allowing the “Original Transaction” and the “Repriced Transaction” to seamlessly flow together.

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