TECHNICAL INFORMATION
  • Cut Roses extended to 28 + days
  • Gerbera extended to 20 days
  • Gladioli extended to 20 days
  • Bananas (not treated with ethylene) extended to 27 + days
  • Corn extended to 21 days
  • Bananas (treated with ethylene) extended to 16 + days
  • Mango/Alphonso extended to 22 days
  • Baiganpally extended to 28 days
  • Ice berg Lettuce extended to 32 days
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Chandra associates offers the following services:

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Master Repurchase Agreement 1996

The Master Repurchase Agreement 1996: Overview and Key Points

A Master Repurchase Agreement (MRA) is a legal document that governs the commercial transaction of repurchase agreements. The MRA is typically used in the financial industry, specifically in the trading of securities and other financial instruments.

The Master Repurchase Agreement of 1996 (MRA 1996) is a standardized agreement developed by the International Securities Market Association (ISMA) to provide a consistent framework for repurchase agreements globally. It is an updated version of the earlier Master Repurchase Agreement of 1992 (MRA 1992).

The MRA 1996 covers repurchase transactions for securities, such as bonds, notes, and bills, as well as equity securities and other financial instruments. It outlines the obligations and responsibilities of the seller (repo party) and the buyer (reverse repo party) in a repurchase agreement.

Key Points of the Master Repurchase Agreement 1996

1. The MRA 1996 is a legally binding agreement between the repo party and the reverse repo party, outlining the terms and conditions of the repurchase agreement.

2. The agreement specifies the terms of the trade, including the price, quantity, collateral, and settlement date.

3. The collateral pledged by the seller must be of sufficient value to cover the repurchase price agreed upon.

4. The MRA 1996 provides for the substitution of collateral, which means the seller can replace the original collateral with other acceptable securities during the term of the repurchase agreement.

5. The agreement also outlines the procedures for default or termination of the agreement. In the event of default, the reverse repo party has the right to sell the collateral to recover its investment.

6. The MRA 1996 also includes provisions for netting, which allows the parties to offset their obligations in case of default or termination.

7. The agreement is governed by English law.

Conclusion

The Master Repurchase Agreement of 1996 is an important document in the financial industry, providing a standardized framework for repurchase transactions globally. It outlines the terms and conditions of the trade, including the price, quantity, collateral, and settlement date, as well as procedures for default and termination. The MRA 1996 is a legally binding agreement, providing security and clarity for both the repo and reverse repo parties.

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PRESS & EVENTS

EVENTS

  • 2012 Lauched New Product Line
  • 2011 Launched Technofresh Agri Solutions, India
  • PRO Institute Des Moines, 2010, Iowa, USA
  • NAFEM Show, 2009, Orlando, USA
  • Post Harvest 2008, Bangalore, India

PRESS

2010 U.S. Patent issued for CA FILMS, Patent Number 7,772,139

2009 Book in Press to Microbial Safety of Fresh Produce, ISBN:978-0-8138-0416-3

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CHANDRA ASSOCIATES

20 Zain Circle

Milford, MA

01757, USA

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