On Friday, the People's Bank of China conducted CNY50bn (USD7.5bn) of 14-day reverse repurchase agreements
, a process in which central banks purchase securities from banks with an agreement to resell them in the future.
Target: Rights related to Harvard Savings Bank's USD 18.1m investment in loan repurchase agreements
managed by Pennant Management, Inc.
The Association for Financial Professionals' 2013 Liquidity Survey showed that just 3% of respondents' portfolios was allocated to repurchase agreements
, although 38% of the finance executives surveyed said their company's short-term investment policy permitted them to invest in repos.
The Rediscount rate and the Overnight Repurchase Agreements
will remain unchanged at 4.25% and 4.0%, respectively, according to a press release issued by the bank.
He thus proposes eliminating the special bankruptcy provisions for repurchase agreements
. This would increase market monitoring by the suppliers of deposits on investment and decrease the use of short-term funds to back longer-term investment.
Cairo: Egypt will offer 16 billion Egyptian pounds ($2.6 billion) of seven-day repurchase agreements
, the most in four weeks, after demand for local-currency debt declined this week.
Egypt's central bank accepted 2.66 billion Egyptian pounds ($445.54 million) in seven-day repurchase agreements
in the money market (CBES) on Tuesday, less than the 3 billion pounds it had asked for.
The People's Bank of China (PBOC), which carries out open-market operations on Tuesdays and Thursdays, offered CNY65bn worth of one-year bills and CNY140bn worth of 28-day repurchase agreements
in its Tuesday operation.
To make this possible, it will issue a new standardised and simplified contract for repurchase agreements
, Farid said.
have long been a safe way to invest short-term or overnight cash.
Libya's Central Bank on Tuesday launched repurchase agreements
for the first time as ‎part of reforming the country's banking system, a bank official said ‏.‏ ‏"‏The Central Bank reached accords today with the country's main banks to launch ‎repurchase agreements.
, or repos, play an important role in U.S.