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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.
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 most common share repurchase method in the United States is the open-market stock repurchase, representing almost 95% of all repurchases. A firm will announce that it will repurchase some shares in the open market from time to time as market conditions dictate and maintains the option of deciding whether, when, and how much to repurchase.
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Repurchase Agreements), and Reverse Repurchase Agreements: Apr. 1986: Amended by various GASBS and GASBI 3; Partially superseded by GASB 40; 4.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 ...
Accelerated share repurchase (ASR) refers to a method that publicly traded companies may use to buy back shares of its capital stock from the market. [1]The ASR method involves the company buying its shares from an investment bank (who in turn borrowed them from their clients), and paying cash to the investment bank while entering into a forward contract.
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 initial sale ...
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.
Image source: The Motley Fool. Fortinet (NASDAQ: FTNT) Q3 2024 Earnings Call Nov 07, 2024, 4:30 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...