It is Wall Street that is behind the enormous expansion of commercial paper, repos, and other money market instruments. |
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The increase was attributable to higher derivative assets, trading securities, reverse repos and corporate loans. |
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The regulation also makes some changes as to how securities loans and repos are described. |
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The use of repos to obtain funding has spread across a broad range of financial market participants. |
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The rate of these weekly repos is the best indication of the stance of monetary policy in the short run as this instrument provides the bulk of refinancing to the banks. |
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The report said all entities, including companies, may be allowed to undertake repos and reverse repos in gilts, corporate debentures and bonds of financial institutions. |
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A question surfaces, addressing the assignment of those repos relevant to monetary policies. |
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There is some Anglo-American authority that repos constitute a loan on security, with consequences such as invalidity through a failure to register as such. |
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Reverse repos are treated as collateralized loans, reflecting the economic reality of the transaction. |
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In July 1996, the Riksbank shortened the maturity of its repos to one week. |
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The repos were created 11 years ago when the government incurred a large debt with BCV to finance a Brady plan debt refinancing operation. |
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In principle, such advances could be funded by repos of government securities, outright sales of treasury bills, or the issuance of interest-bearing liabilities. |
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As such, securities repurchase agreements taking the form of reverse repos pursuant to ยง 11 are not deemed to be loans within the meaning of this clause. |
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A robust and efficient financial system needs core markets for interbank lending, commercial paper, and repos of high-quality securities that are continuously open, even under periods of stress. |
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Collateral eligible for repos must always cover the amount drawn. |
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Manmohan Singh and James Aitken argue that measures of repos are significantly larger when rehypothecation is taken into account. |
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Tri-party repos were, for example, a major source of secured funding for Bear Sterns prior to its demise. |
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As regards the type of operations, repos without the delivery of the securities are clearly losing ground to unsecured operations and repos in which the securities are delivered. |
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The SNB actively supports this initiative, too, and has appropriately enhanced its instruments by creating intraday repos, which, as of recently, can also be paid back progressively. |
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Soon thereafter, a lively trade in various derivatives, among which options and repos, emerged on the Amsterdam market. |
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The chart below shows the Federal Reserve's holdings of agency securities along with the agency securities used as collateral in tri-party repos. |
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The Federal Reserve added USD610m in reserves to the banking system as part of the repos or repurchase agreement. |
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Another impediment to reform is the unwind process, the settlement of expiring repos that occurs before new repos can be settled. |
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It conducted seven-day reverse repos worth CNY 290 billion and offered CNY 105 billion in 14-day contracts. |
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The discussion begins with a description of repos and reverses, the difference between on-the-run and older securities, and the ways dealers use repos to finance and hedge. |
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The second financial rule that privileges repos is that money-market funds must keep their portfolios extremely liquid, because their customers draw checks on their deposits. |
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However, with a victory target of 226, Mon Repos bungled the task and finished at 105 for 8, to avoid a match defeat. |
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Repos, being secure instruments, provide an alternative to the money market book claims of the federal government. |
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Watch sea turtles hatch at Mon Repos, snorkel and dive the coral reefs and cays of Lady Musgrave and Lady Elliot Islands and frolic on the friendly sands of Bargara Beach. |
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