What are the key contents of a repurchase agreement?

A repurchase agreement shall include the following principal contents:

1. Seller;
2. Buyer;
3. Details of the valuable papers: form (certificate or book-entry), serial number, par value or maturity value (total amount payable at maturity), issuing organization, maturity date;
4. Purchase date;
5. Purchase price;
6. Purchase interest rate;
7. Purchase term;
8. Repurchase price;
9. Repurchase date;
10. Method of payment and transfer of valuable papers;
11. Dispute resolution and breach handling;
12. Rights and obligations of the parties;
13. Value date of the agreement;
14. Other relevant terms and conditions.

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