Term Repo Token
Last updated
Last updated
The Term Repo Token is an implementation of the ERC-20 smart contract standard that track claims to the aggregate repurchase price due on the repurchase date (the total amount due at maturity) across all borrowers to a Term Repo deployment. The Term Repo Token is typically normalized to be redeemable 1:1 for the purchase token in which a Term Repo deployment is denominated on or after the Repurchase Date (subject to a repurchase window that typically lasts 12-24 hours).
ERC-20 contract to track claims to the aggregate repurchase obligations due on the repurchase date across all borrowers
<no public functions>
totalRedemptionValue
- total purchase tokens redeemable at maturity