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Additional
repurchase agreement
Campbell R. Harvey's Hypertextual Finance Glossary
Download this dictionary
Repurchase agreement
An agreement with a
commitment
by the seller (
dealer
) to
buy
a
security
back from the purchaser (customer) at a specified price at a designated future date. Also called a
repo
, it represents a collateralized short-term loan, where the
collateral
may be a
Treasury security
,
money market
instrument
, federal agency security, or
mortgage-backed security
. From the purchaser (customer) perspective, the deal is reported as a
reverse Repo
.
Copyright © 2000,
Campbell R. Harvey
. All Rights Reserved.