Schedule 13 Sale and repurchase of securities

United Kingdom

1. Purpose of Schedule
2. Meaning of debtor repo
3. Meaning of debtor quasi-repo
4. Ignoring effect on borrower of sale of securities: debtor repos, debtor quasi-repos and other arrangements
5. Relief for borrower for finance charges in respect of the advance: debtor repos and debtor quasi-repos
6. Ignoring sale and subsequent purchase for purposes of chargeable gains: debtor repos
7. Meaning of creditor repo
8. Meaning of creditor quasi-repo
9. Ignoring effect on lender of sale of securities: creditor repos and creditor quasi-repos
10. Charge on lender for finance return in respect of the advance: creditor repos and creditor quasi-repos
11. Ignoring purchase and subsequent sale for purposes of chargeable gains: creditor repos
12. Repo under arrangement designed to produce quasi-interest: anti-avoidance
13. Requirements to deduct tax from manufactured payments: creditor repos and debtor repos
14. Interpretation etc
15. Power to modify Schedule