The following deals were executed between SBI and PNB on January 21, 2011:

Deal 1: Ten thousands GOI-2012 Series bonds of face value ₹100 each were purchased by SBI from PNB at a price of ₹95 per bond deal is to be settled immediately.

Deal 2: Twenty thousands GOI-2015 Series bonds of face value ₹1,000 each were purchased by SBI from PNB at a price of ₹980 per bond deal to be settled immediately. On the same day, both these parties entered into a 30 days’ forward on the same securities at a price of ₹1010 per bond. In this deal, SBI was the seller and PNB was the buyer.

Are both deals 1 and 2 REPO deals? Explain.