The Federal Deposit Insurance Corp. on Friday revised its guidelines for repurchase agreements.

The FDIC made several additions to the terms that should be spelled out in "repo" contracts. For instance, agreements should specify what types of collateral are acceptable, the rights and obligations of each party in case of default, and required disclosures for transactions in which the seller retains custody of the purchased securities.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.