Repurchase

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Related to Repurchase Transactions: Reverse Repo, Repo transaction

Repurchase

1. See: Repurchase agreement.

2. See: Buyback.
References in periodicals archive ?
In handing down the ruling, Presiding Judge Kimio Miyazaki said that a repurchase transaction is not the same as a loan as its contract clearly states that it involves purchasing and selling as well as repurchasing and reselling.
As a result, and at the request of TBMA members active in the repurchase transaction markets, the Trading Practices Committee of the TBMA Funding Division published an optional substitution/termination provision to the TBMA Master Repurchase Agreement.
The ruling said the bank procured funds from foreign financial institutions through 330 repurchase transactions via its U.S.
Graph 2 shows the volume of reverse repurchase transactions, foreign exchange swaps and treasury bills outstanding over the six months to 31 October 2004.
Unum Group (NYSE:UNM) said on Thursday that its board of directors has announced the repurchase of up to USD750m outstanding common stock through 23 November 2020 in the open market or in privately negotiated transactions, including accelerated share repurchase transactions.
Additionally, the plan takes into consideration other uses of capital, including capital distributions of up to USD1.7bn in share repurchase transactions beginning in the third quarter of 2018 until the second quarter of 2019, of which a portion will be used for the previously announced acquisition of Regions Insurance Group.
The plan also incorporates other uses of capital, including capital distributions of up to $1.7B in share repurchase transactions beginning in the third quarter of 2018 through the second quarter of 2019, of which a portion will be used for the announced acquisition of Regions Insurance Group.
Effective immediately, the share repurchase authorisation allows the firm to impact the repurchases from time to time through a combination of open market repurchases, privately negotiated transactions, accelerated share repurchase transactions, and/or other derivative transactions.
The company said it may buy back shares under the permitted securities laws and other legal requirements and subject to market conditions and other factors, regularly in the open market or via privately negotiated transactions, including without limitation, through accelerated share repurchase transactions. It added that both these buy back programmes may be discontinued at any time.
Manulife may also enter into derivative-based programs in support of its repurchase activities, including the writing of put options and forward purchase agreements, accelerated share repurchase transactions, other equity contracts or use other methods of acquiring shares, in each case subject to regulatory approval and on such terms and at such times as shall be permitted by applicable securities laws.
The repurchase program permits repurchases in open market or private transactions, including accelerated share repurchase transactions, block trades, or pursuant to trading plans intended to comply with SEC Rule 10b5-1.
The company will also effect repurchase transactions in compliance with Rule 10b-18 under the Exchange Act and the company's insider trading policy.