TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
SPECIAL PRA [1 record]
Record 1 - internal organization data 2000-05-16
Record 1, English
Record 1, Subject field(s)
- Currency and Foreign Exchange
- Stock Exchange
Record 1, Main entry term, English
- special purchase and resale agreement
1, record 1, English, special%20purchase%20and%20resale%20agreement
correct
Record 1, Abbreviations, English
- special PRA 2, record 1, English, special%20PRA
correct
Record 1, Synonyms, English
- SPRA 3, record 1, English, SPRA
correct
Record 1, Textual support, English
Record number: 1, Textual support number: 1 DEF
A transaction in which the Bank of Canada offers to purchase Government of Canada securities from designated counterparties with an agreement to sell them back at a predetermined price the next business day; used to reinforce the target overnight rate. 4, record 1, English, - special%20purchase%20and%20resale%20agreement
Record number: 1, Textual support number: 1 OBS
Also sometimes called a "repo". The Bank initiates SPRAs daily (at 11:45 a.m. and 2:15 p.m.) if overnight funds are generally trading above the target rate. Primary dealers are the designated counterparties. 4, record 1, English, - special%20purchase%20and%20resale%20agreement
Record 1, French
Record 1, Domaine(s)
- Politique monétaire et marché des changes
- Bourse
Record 1, Main entry term, French
- prise en pension spéciale
1, record 1, French, prise%20en%20pension%20sp%C3%A9ciale
correct, feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 DEF
Opération en vertu de laquelle la Banque du Canada offre d'acheter des titres du gouvernement du Canada à des contrepartistes désignés en s'engageant à les leur revendre à un prix fixé à l'avance, le jour ouvrable suivant; sert à renforcer le taux visé sur le marché du financement à un jour. 2, record 1, French, - prise%20en%20pension%20sp%C3%A9ciale
Record number: 1, Textual support number: 1 OBS
La Banque procède à des prises en pension spéciales quotidiennement (à 11 h 45 et à 14 h 15) si les fonds à un jour se négocient à des taux supérieurs au taux cible. Les contrepartistes désignés sont les négociants principaux. 2, record 1, French, - prise%20en%20pension%20sp%C3%A9ciale
Record number: 1, Textual support number: 2 OBS
La Banque du Canada a choisi d'appeler «special purchase and resale agreement» l'opération par laquelle elle achète des titres pour les revendre ultérieurement. Il est toutefois d'usage sur les marchés de se placer du côté du cédant des titres pour décrire la même opération, qu'on nomme alors à juste titre un «repurchase agreement» ou «repo». Donc, un PRA est aussi appelé un «repo». 3, record 1, French, - prise%20en%20pension%20sp%C3%A9ciale
Record 1, Spanish
Record 1, Textual support, Spanish
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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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