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Repurchase
Agreement - Repo
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Sometimes
referred to as a reverse repurchase agreement. It's a form of short
term borrowing for dealers in goverment securities. The dealer sells
the government securities to investors usually on an overnight basis
and buys them back the following day.
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Repos
are classified as a money-market instrument. They are usually used
to raise short-term capital. |
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The
Money Market
- a tutorial
by TCB on what the money market is and the different types
of money market securities available.
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Dictionary
