As a result of the global financial crisis, the International Capital Markets Association (ICMA) has reviewed and updated its Global Master Repurchase Agreement, the most widely used standard contract for cross-border repo transactions (where owners of securities sell those securities to a finance provider, such as a bank, and agree to buy back those securities at a specified future date for the re-purchase price).

The new Master Agreement can be accessed from ICMA's website along with updated legal opinions on the use and enforceability of the Master Agreement in various jurisdictions.