Repurchase Agreement. Acquisition by a fund of an underlying debt security whereby the seller agrees to repurchase the securities, and the fund will resell the security at a decided price and time (usually within 7 days).
A means of providing short term finance against collateral. The `borrower' agrees to sell securities (such as government bonds or shares) to the `lender', with an agreement to buy them back (repurchase) at a specified later date, either at an agreed higher price or at the market price. The interest rate implied from this `lending' transaction is called the repo rate. There is a statutory definition of a repo in ICTA88/S730A(1). Effectively, this is a secured loan, the price difference being the interest. The initial purchaser typically makes substitute payments to the seller in place of the interest or dividends formerly received on the securities.
A repurchase (repo) agreement can be seen as a short term swap between cash and securities. Repurchase agreements, or repos, are specialised but important aspects of many markets, especially those for government securities. In essence, if a security holder wants to maintain his or her long-term position but needs cash for a short period, he or she can enter into a repo contract whereby the securities are sold together with a binding agreement to repurchase them at a future date, usually fairly near-term. The effect is to provide the security holder with a short-term loan based on the collateral of the government securities he or she owns. In major markets with repo systems, it is a cheap, simple and effective way to raise short-term funds.
(Also known as repurchase agreement). A transaction through which a security is purchased with the commitment to resell it on a later date at a pre-set price. For practical purposes, the repo is an option for small investors to invest in Treasury Securities for very short periods of time.
Sale and Repurchase Agreements. These are agreements to sell bonds with a simultaneous agreement to repurchase these bonds back at a later date, typically less than one year. A repo effectively enables the holder of a bond to borrow money while using the bond as collateral with the lender.
A transaction whereby one part sells securities to another part and simultaneously both agree to repurchase the securities at a future date at a fixed price. Originally known as a sale and repurchase agreement, repo is economically a collateralized loan. When specific collateral is in demand or special, repo will usually yield more income than deposit. A repo is more secure than a deposit because it is collateralized.
An agreement under which authorised dealers in the short-term money market transfer securities to the Reserve Bank in exchange for cash, on the basis that the transaction will be reversed at a later date on agreed terms. The transaction can also occur in the opposite fashion ( reverse repo). The main purpose of these arrangements is to allow the Reserve Bank to manage liquidity in the money market.
A simultaneous sale and repurchase of a security. It is a structure devised to borrow money at fine rates on a secured basis. The institution borrows money by selling a security for one delivery date with a simultaneous repurchase of the same security for a different delivery date. Commonly, this type of transaction is used to fund bond trading activities. It is a financial tool often used by Central banks in their open market operations to drain liquidity from the System.
Repurchase agreement. The vehicle whereby most Reserve Bank of Australia (RBA) domestic market operations are conducted. Repurchase agreements (usually called 'repos') involve the sale or purchase of securities with an undertaking to reverse the transaction at an agreed date in the future and at an agreed price. Repos provide flexibility in that they allow the RBA to inject liquidity on one day and withdraw it on another with a single transaction.
Repurchase agreement; a borrowing mechanism whereby securities are posted as collateral for a loan. REPOs are technically structured as a sale of securities by the borrower to the lender, with a commitment by the borrower to repurchase at a later date. REPO is the most common form of borrowing used to leverage fixed income securities.
Also known as repurchase agreement, this is an agreement by which one party sells a security to another party and agrees to repurchase it on a specified date at a specified price. Français: Contrat de rachat Español: Acuerdo de recompra
or Repurchase Agreement: A transaction in which one party sells a security to another party while agreeing to repurchase it from the counterparty at some date in the future, at an agreed price. Repos allow traders to short-sell securities and allow the owners of securities to earn added income by lending the securities they own. Through this operation the counterparty is effectively a borrower of funds to finance further. The rate of interest used is known as the repo rate.
A financial transaction in which one party "purchases" securities (primarily U.S. Government bonds) for cash and simultaneously the other party agrees to "buy" them back at some future time according to specified terms. Municipal bond and note issuers have used repos to manage cash on a short term basis. (Known formally as repurchase agreements.)
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Repo is a JUnit extension that provides access to a test data repository. It separates test data from code, thus, improving maintainability of test code, allowing to run tests in multiple contexts, facilitating accessibility by multiple developers.