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A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities.The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price.
The SOFR and the EFFR (and its target range) between July 2014 and October 2019, showing a jump in mid-September 2019.. On September 17, 2019, interest rates on overnight repurchase agreements (or "repos"), which are short-term loans between financial institutions, experienced a sudden and unexpected spike.
The Office of Financial Research (OFR), a U.S. Treasury Department-based research powerhouse, said on Monday it has adopted a final rule that will allow it to collect data on certain transactions ...
Haircut plays an important role in many kinds of trades, such as repurchase agreements (referred to in debt-instrument finance as "repo" but not to be confused with the concept of repossession denoted by that term in consumer finance) and reverse repurchase agreements ("reverse repo" in debt-instrument finance).
Yahoo! Completes First Stage of Alibaba Share Repurchase Agreement Valued at $7.6 Billion SUNNYVALE, Calif.--(BUSINESS WIRE)-- Yahoo! Inc. (NAS: YHOO) announced today that it has closed the ...
As part of an overall stock buyback scheme, Merck has launched an accelerated repurchase program to buy shares held by Goldman Sachs. All told, the pharmaceutical company will purchase $5 billion ...
Repurchase agreement, the sale of securities together with an agreement for the seller to buy back the securities at a later date; Reservation price, the highest price a buyer is willing to pay for goods or a service; Rupee, common name for the currencies of several countries; Rupiah, the official currency of Indonesia
Overnight reverse repurchase agreement (ON RRP) facility - the Fed's offer to many large nonbank financial institutions to deposit funds at the Fed and earn interest; Discount window - the Fed's lending to banks at the discount rate; Open market operations - the Fed's buying and selling of securities to maintain an ample supply of reserves