The company intends to use a portion of those proceeds to pay reduced but currently unmet margin calls on reverse repurchase agreements
and to auction swap providers of $530 million plus deficiency claims of $28.
48 billion have been pledged under the repurchase agreements
Reverse repurchase agreements
represent the primary short-term funding source for the company.
Subsequent to June 30, 2007, the Company has made intercompany loans to Belvedere Trust to both reduce the amount of repurchase agreements
outstanding and to satisfy requests for additional collateral from Belvedere Trust's repurchase agreement
lenders related to the financing of Belvedere Trust's portfolio holdings.
GAAP net income attributable to common stockholders adjusted for (gain) loss on sale of investments, net; realized (gain) loss on derivative instruments, net (excluding contractual net interest on interest rate swaps); unrealized (gain) loss on derivative instruments, net; (gain) loss on foreign currency transactions, net; reclassification of amortization of net deferred losses on de-designated interest rate swaps to repurchase agreements
interest expense; and an adjustment attributable to non-controlling interest.
Pennant has stated that it 'is diligently working to affirm the status of the USDA guarantee of each loan, subject to the repurchase agreement
6 billion) of seven-day repurchase agreements
, the most in four weeks, after demand for local-currency debt declined this week.
, or repos, are financial instruments in which an investor purchases securities from a bank or dealer and, at the same time, the selling bank or dealer contractually agrees to repurchase the securities at the same price (plus interest) at some mutually agreed-upon future date.
Short-term interest rates fell in the Tokyo market Friday following an announcement by the Bank of Japan (BOJ) that it will consider extending the maturity of its repurchase agreements
on government securities.
9 billion decline mainly resulted from a drop in the amount of repurchase agreements
outstanding at the end of August.
Government securities held under repurchase agreements
by the U.
If a national organization such as the RTC can't find a viable national market for the sale of deposits and core repurchase agreements
, why does the FASB assume that a small community bank in a non-metropolitan area has the skills and resources necessary to identify national markets and a national value, especially when the FASB expects valuations to exclude all related intangibles normally associated with depository accounts and core repurchase agreements