overnight repo

(redirected from Overnight Repos)
Also found in: Dictionary.
Related to Overnight Repos: Overnight Repurchase Agreement

Overnight repo

A repurchase agreement with a term of one day.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Overnight Repo

A practice in which a bank or other financial institution buys securities with the proviso that the seller repurchase the same securities the following day. Financial institutions do this in order to raise short-term capital. See also: Overnight loan.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

overnight repo

A repurchase agreement in which securities are sold provided that they will be repurchased on the following day. Financial institutions use overnight repos as a means of raising short-term money for financing inventories.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Combine the overnight repo market with the collateralized portion of the derivatives markets and we have a financial market bigger than the FDIC-insured banking system.
risky overnight repos? Would AIG's derivatives counterparties have
Fannie Mar and Freddie Mac were not legally backed by the government, nor were money market funds, nor overnight repo. But when the system came under severe financial stress, the government changed the policy.
(10) The data on federal funds, overnight repos, and three-month T-bills were collected from the daily logs of the International Monetary Market (IMM) division of the Chicago Mercantile Exchange.
We follow federal funds with tests on overnight repos, and we conclude with tests on overnight LIBOR.
The Riksbank supplies liquidity in the form of one-week repos once a week, and in the form of overnight repos at the end of each day.
In addition, if there has not been sufficient bidding early in the day, the Bank of England may offer overnight repos twice towards the end of the day at rates 100-150 basis points higher than the key rate.