What is the Full Form of SPRA ?

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SPRA Full Form, Full Meaning, Full Name

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SPRA
Special Purchase and Resale Agreement
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SPRA
Single Ply Roofing Association
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SPRA
Seawater Pressure Reduction Assembly
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SPRA
Southeastern Professional Rodeo Association
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SPRA
Shanghai Public Relations Association
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SPRA
Social Policy Research Associates
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SPRA
Saskatchewan Parks and Recreation Association
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SPRA
Science Park Recreation Association
>>    Parks

Special Purchase and Resale Agreement (SPRA) - Central banks conduct various types of sale and repurchase agreements (repo transactions) as part of the open market operations they use to implement monetary policy. These are typically undertaken with the intention to affect liquidity and therefore interest rates in the money market. A Special Purchase and Resale Agreement (SPRA) is the specific name given to one of these operations when used by the Bank of Canada (BoC); its intention is to lower interest rates.

Generally, in a repo transaction, two counterparties will enter into an agreement whereby one will sell securities to the other and simultaneously agree to repurchase them at a specified later date at a fixed price. The securities can therefore effectively be regarded as collateral for a cash loan. The securities involved are usually fixed-interest securities, and pricing is agreed in terms of interest rates. This agreed-upon interest rate is termed the repo rate. While many market participants engage in such transactions, when central banks do so it is usually only with certain banks in their domestic money markets, on a short-term basis, and undertaken with the aim of implementing monetary policy, that is, to help ensure interest rates in the money market reach the central bank's targeted rate.

The BoC sets a target for the overnight interest rate as its key policy rate (used in its goal of targeting inflation). In a Special Purchase and Resale Agreement (SPRA), the BoC will buy securities from a specified type of bank (namely, a primary dealer in Canadian government securities) with an agreement to sell them back to that bank the following day. The BoC offers to buy a fixed amount of securities at a fixed price, with pricing being at the BoC's target for the overnight rate. This gives a temporary injection of cash (as the banks receive the payment for the securities) into the money market, helping improve liquidity and lower overnight market interest rates. This operation will, therefore, be used when the BoC is trying to ease conditions in the domestic money market.

Single Ply Roofing Association (SPRA) - SPRA is the voice of the single ply roofing industry. This trade association was established in 1992 and our mission is to achieve growth and sustainability in all sectors of the single ply roofing industry by raising the awareness of single ply technology, its value and ensuring manufacturing and installation standards remain high. SPRA is an increasingly influential voice in the roofing sector and is working in close co-operation with our sister trade associations to raise the overall profile of the UK roofing industry.