Glossary

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Term Definition Legal instruments

repo

01/01/2016

means:

(1) an agreement between a seller and buyer for the sale of securities, under which the seller agrees to repurchase the securities, or equivalent securities, at an agreed date and, usually, at a stated price; or

(2) an agreement between a buyer and a seller for the purchase of securities, under which they buyer agrees to resell the securities, or equivalent securities, at an agreed date and, usually, at a stated price.