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OKVIRNI REPO UGOVOR MASTER REPO AGREEMENT

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OKVIRNI UGOVORO REOTKUPU HARTIJA OD VREDNOSTI

(OKVIRNI REPO UGOVOR)

Zaključen dana _______ 20__.godine(u daljem tekstu: Ugovor)

između:

<banka A>

i

<banka B>

u daljem tekstu: Ugovorne strane.

I. Opšte odredbe

Član 1.

(1) Ugovorne strane su saglasne da ovim ugovorom urede međusobne odnose u vezi sa obavljanjem repo transakcija (u daljem tekstu: Transakcijа).

(2) Тransakcijа јe kupovina i prodaja hartija od vrednosti u kojoj je jedna ugovorna strana (u daljem tekstu: Prodavac) saglasna da na datum kupovine proda hartije od vrednosti drugoj ugovornoj strani (u daljem tekstu: Kupac), a Kupac je saglasan da plati Prodavcu kupovnu cenu, uz istovremenu obavezu da će ekvivalentne hartije od vrednosti na tačno utvrđeni datum ili na zahtev Prodavca (u daljem tekstu: datum reotkupa) prodati Prodavcu koji će za te hartije Kupcu platiti reotkupnu cenu.

(3) Transakcije se izvršavaju u zemlji i inostranstvu preko nadležnih intitucija za kliring i saldiranje hartija od vrednosti.

(4) Ugovorne strane nisu u obavezi da obavljaju Transakcije, već o tome odlučuju zavisno od svojih potreba, kao i procene kretanja finansijskih i drugih pokazatelja na finansijskom tržištu.

Član 2.

(1) Ugovorne strane su saglasne da će za svaku pojedinačnu Transakciju na osnovu ovog ugovora zaključiti poseban ugovor u kome će biti utvrđeni uslovi te Transakcije (u daljem tekstu: Zaključnica) koji, zajedno sa ovim ugovorom (u daljem tekstu: Ugovor), čini jedan jedinstveni ugovor.

(2) Elementi Zaključnice utvrđeni su u prilogu ovog ugovora.

Član 3.

(1) U slučaju protivrečnosti između odredaba ovog ugovora i posebnih uslova za pojedinačnu Transakciju utvrđenih u Zaključnici, primenjivaće se posebni uslovi iz Zaključnice.

(2) Ugovorne strane su saglasne da neizvršenje obaveze jedne ugovorne strane po bilo kojoj Transakciji iz bilo koje Zaključnice predstavlja

FRAMEWORK AGREEMENTON REPURCHASE OF SECURITIES

(MASTER REPO AGREEMENT)

Agreed on _______ 20____(hereinafter: Agreement)

between:

<bank A>

and

<bank B>

hereinafter: Contracting Parties.

I. General Provisions

Article 1.

(1) Contracting Parties agree to regulate their mutual relations by means of this Agreement, in relation to conducting repo transactions (hereinafter: Transactions).

(2) Transaction is defined as the purchase and sale of securities where one Contracting Party (hereinafter: Seller) agrees to sell securities on the purchase date to another Contracting Party (hereinafter: Buyer) for which the Buyer agrees to pay the Seller the purchase price, with the simultaneous obligation of the Buyer to sell equivalent securites to the Seller on an agreed future date (hereinafter: Repurchase Date) or at the Seller's order for which the Seller is obliged to pay the Buyer the repurchase price.

(3) Transactions are conducted in Serbia and internationally, through authorized securities clearing and settlement institutions.

(4) Contracting Parties are not obliged to transact, and decide to enter into Transactions at their own discretion and based on their assessment of financial and other market factors.

Article 2.

(1) Contracting Parties agree to create for each individual Transaction based on this Agreement a special agreement with all relevant details of the Transaction in question (hereinafter: Confirmation) which, coupled with this Agreement, constitutes one single agreeement.

(2) Details of the Confirmation are given in the addendum to this Agreement.

Article 3.

(1) In case of contradictions between the wording of this Agreement and the Transaction details given in the Confirmation, stipulations from the Confirmation shall prevail.

(2) Contracting Parties agree that non-performance of obligations by any one Contracting Party in any Transaction and of any Confirmation represents


ZAKLJUČNICA REPO TRANSAKCIJE

Referentni broj:_________________

Mesto Transakcije: ________________________

Datum zaključenja Transakcije: ________________

VEZA SA UGOVOROM

KUPAC PRODAVAC

21.(1) i 13.(2)

Adresa _______________________

Telefon _______________________

Telefax _______________________

Email _______________________

SWIFT _______________________

Broj računa _______________________

Broj računa HoV____________________

Ovlašćenolice _______________________

Adresa _______________________

Telefon _______________________

Telefax _______________________

Email _______________________

SWIFT _______________________

Broj računa _______________________

Broj računa HoV____________________

Ovlašćenolice _______________________

3.(2) i 19.(1) Neizvršenje obaveze jedne ugovorne strane □ Neizvršenje samo – predmetne Transakcije

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po bilo kojoj predmetnoj Transakcij predstavlja □ Drugo:_______________________

4.(1)28) Izabrana kriva prinosa

□ Belibor

□ Prinos na RSD hartije od vrednosti izdate od strane Republike Srbije sa primarnih aukcija i reotvaranja emisija na primarnim aukcijama

□ Drugo:_______________________

OSNOVNI ELEMENTI TRANSAKCIJEVEZA SA

UGOVOROM ELEMENT IZBOR

Datum Kupovine

Datum reotkupa □ Datum: _________________

□ Transakcija do opoziva

ISIN kupljenih hartija od vrednosti

4.(1)6) c) Ekvivalentne hartije od vrednosti

4.(1)8) Formula za obračun kupovne cene

□ Kupovna cena=

Nominal∗Dirty price100

1+Haircut

□

Kupovna cena= Nominal∗Dirty price100

∗(1−Haircut )

4.(1)11) Repo stopa

4.(1)12) Haircut

4.(1)13) Margin Call

Kupovna cena

Broj kupljenih hartija od vrednosti

Reotkupna cena

4.(1)23) Konvencija o radnom danu

□ Prethodni radni dan

□ Naredni radni dan

□ Izmenjeni naredni dan4.(1)9); 4.

(1)14) i 10.(6)Broj dana u godini

□ 360

□ 365

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□ Drugo:____________________

4.(1)29) Ugovorna valuta

4.(1)29) Kurs preračuna u Ugovornu valutu

□ Srednji kurs NBS

□ Tržišni kurs na dan preračuna

□ Drugo:_________________

ELEMENTI MARGINEVEZA SA

UGOVOROM ELEMENT IZBOR

9.(6) Transfer margine□ Za svaku pojedinačnu transakciju

□ Drugo:_______________________

9.(1) Agent za vrednovanje

10.(1) Rok za prenos margine

10.(2) Način prenosa margine

□ Margina u novcu

□ Margina u ekvivalentnim HoV

□ Kombinovana margina

10.(3) Zaokruživanje ekvivalentnih hartija od vrednosti

□ Zaokruživanje na veći broj

□ Zaokruživanje na manji broj

10.(6) Kamatna stopa koja se obračunava na prenetu marginu u novcu

10.(6) Intervali plaćanja kamate na marginu u novcu

Navedeni članovi i stavovi odnose se na članove i stavove Ugovora. Ako Ugovorne strane ne ugovore posebne uslove izvršenja Ugovora u ovom Prilogu, primenjuju se opšte odredbe propisane Ugovorom.

OSTALO:_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Ova Zaključnica je sastavni deo Okvirnog ugovora o reotkupu hartija od vrednosti zaključenom između Kupca i Prodavca dana i zajedno čine jedan jedinstveni ugovor.

KUPAC PRODAVAC

______________________ ______________________

______________________ ______________________

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CONFIRMATION OF REPO TRANSACTION

Reference number: _________________

Place of Transaction: ________________________

Date of Transaction: ________________

Connection with the

Agreement

BUYER SELLER

21.(1) i 13.(2)Address _______________________

Phone _______________________

Telefax _______________________

Email _______________________

SWIFT _______________________

Account number _______________________

Securities account number ____________________

Authorized person _______________________

Address _______________________

Phone _______________________

Telefax _______________________

Email _______________________

SWIFT _______________________

Account number _______________________

Securities account number ____________________

Authorized person _______________________

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3.(2) i 19.(1)Failure of one contractual party to meet the obligations as per any subject Transaction is

□ Failure to execute – the subject Transaction

□ Other:_______________________

4.(1)28) The selected yield curve

□ Belibor

□ Revenue on RSD securities issued by the Republic of Serbia from the primary auctions and reopening of emissions at the primary auctions

□ Other:_______________________

BASIC TRANSACTION ELEMENTSConnection

with Agreement

ELEMENT SELECTION

Purchase Date

Repurchase Date □ Date: _________________

□ Transaction until recall

ISIN of the purchased securities

4.(1)6) c) Equivalent securities

4.(1)8) Formula for calculation of purchase price

□ PurchasePrice=

Nominal∗Dirty price100

1+Haircut

□

Repurchase Price=Nominal∗Dirty price100

∗(1−Haircut )

4.(1)11) Repo rate

4.(1)12) Haircut

4.(1)13) Margin Call

Purchase Price

Number of purchased securities

Repurchase price

4.(1)23) Working day convention

□ Previous working day

□ Next working day

□ Changed non-working day

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4.(1)9); 4.(1)14) i 10.(6) Number of days in one year

□ 360

□ 365

□ Other:____________________

4.(1)29) Contractual currency

4.(1)29) Conversion rate in Contractual Currentcy

□ NBS middle rate

□ Market rate on conversion date

□ Other:_________________

MARGIN ELEMENTSConnection

with Agreement

ELEMENT SELECTION

9.(6) Margin transfer□ For each individual transaction

□ Other:_______________________

9.(1) Valuation agent

10.(1) Deadline for margin transfer

10.(2) Manner of margin transfer

□ Margin in money

□ Margin in equivalent securities

□ Combined margin

10.(3) Rounding of equivalent securities □ Rounding off

□ Rounding down

10.(6) Interest rate calculated onto the margin transfered in money

10.(6) Payment intervals of the interest to the margin in money

The mentioned Articles and Paragraphs pertain to the Articles and Paragraphs of the Agreement. If the Contractual Parties do not define special terms of adhering to the Agreement, general provisions proscribed by the Agreement shall be applied.

OTHER:_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

This Confirmation is an integral element of the Frame Agreement on Repurchase of securities concluded between the Buyer and the Seller on ; together they represent a unique agreement.

BUYER SELLER

______________________ ______________________

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______________________ ______________________

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