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Accounting for Repurchase, Reverse Repurchase, Dollar Repurchase, and Dollar Reverse Repurchase Agreements for Savings and Loans full-text: incorporated into Audits of Savings Institutions: 1979 October 8: Accounting by Investors for Distributions Received in Excess of Their Investment in a Joint Venture full-text: 1979 October 15
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.
Repo 105 is Lehman Brothers' name for an accounting maneuver that it used where a short-term repurchase agreement is classified as a sale. The cash obtained through this "sale" is then used to pay down debt, allowing the company to appear to reduce its leverage by temporarily paying down liabilities—just long enough to reflect on the company's published balance sheet.
Offsetting of Amounts Related to Certain Repurchase and Reverse Repurchase Agreements—an interpretation of APB Opinion No. 10 and a modification of FASB Interpretation No. 39 Dec. 1994: None; 42. Accounting for Transfers of Assets in Which a Not-for-Profit Organization Is Granted Variance Power—an interpretation of FASB Statement No. 116 ...
Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements: Apr. 1986: Amended by various GASBS and GASBI 3; Partially superseded by GASB 40; 4. Applicability of FASB Statement No. 87, "Employers' Accounting for Pensions," to State and Local Governmental Employers: Sept. 1986 ...
Reporting repurchase-reverse repurchase agreements and mortgage-backed certificates by savings and loan associations; amendment to AICPA audit and accounting guide, Savings and loan associations full-text: 1986 September 30 87-1: Accounting for asserted and unasserted medical malpractice claims of health care providers and related issues [full ...
13. Repurchase and reverse repurchase agreements. 14. Accounting policies for certain derivative instruments. For example, #8 (Income Tax Expense) is only four modest paragraphs but must be complied with in the light of FAS 109 Summary- Accounting for Income Taxes, a 116-page document.
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).