Series 65: 2.13.4. Repurchase Agreements

2.13.4. Repurchase Agreements

A repurchase agreement, or repo, is a short-term contract to sell an asset, such as a Treasury bond, and simultaneously buy it back in the future at an agreed-upon price (typically a higher price). At its simplest, a repo is a form of short-term borrowing. A reverse repurchase agreement, or reverse repo