overnight repo

(redirected from Overnight Repurchase Agreements)

Overnight repo

A repurchase agreement with a term of one day.

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.

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.
References in periodicals archive ?
No overnight repurchase agreements (repo) were held with CBJ on 01/11/2016, said the bank.
Another tool would have a similar impact but apply more broadly, using overnight repurchase agreements that would let money market funds and other institutions as well as banks essentially make short-term deposits at the Fed.
Shaw Group, said that the Fed should use the interest rate at which it will offer overnight repurchase agreements as its "policy instrument" and that that rate should be the same as that paid banks on reserves.
The CBJ kept the interest rates unchanged on other monetary tools, the rediscount rate and overnight repurchase agreements.
The New York Federal Reserve Bank added $50 billion in liquidity to money markets through overnight repurchase agreements, known as repos.
These additional considerations have resulted in an increase in the number and volume of overnight repurchase agreements arranged in 1996 and thus far in 1997 (table 4).
While the relation between money definition M1 (currency + traveler's checks + demand deposits + other checkable accounts) and the rate of growth of nominal output has deteriorated in recent years, the authors think that M2 (M1 + overnight repurchase agreements + overnight Eurodollar accounts + money market funds + money market deposit accounts + savings deposits + small time deposits), still tracks the economy fairly well.
The CBJ said that the outstanding balance of one week CD's amounted to JD1000 million and will be matured on 12/04/2016 "No overnight repurchase agreements (repo) were held with the CBJ on 07/04/2016, "the Bank added.
The CBJ said that the overnight repurchase agreements which were held with the bank on 22 November reached JOD 4.
CBJ added : "No overnight repurchase agreements were held Wednesday with the bank.