* Compare the long-term investment portfolio to the overnight securities under repurchase agreement
for any possible excess exposure.
Prior to 1982, most repo market participants believed that a creditor could sell the securities underlying a repurchase agreement
promptly in the event of the borrower's default.
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 provision, if agreed to by the parties to the repurchase transaction, would allow the repo seller (broker/dealer) to retain effective control over the purchased securities.
Coal producer Arch Coal Inc (NYSE:ARCH) revealed on Monday the launch of USD41.5m stock repurchase agreement
with certain investment funds managed by Monarch Alternative Capital LP.
Pennant has stated that it 'is diligently working to affirm the status of the USDA guarantee of each loan, subject to the repurchase agreement
...' and that it 'will do everything possible to see that [its clients] are made whole.'
A significant portion of these balances is invested in German and Japanese government securities held directly or under repurchase agreement
. As of June 30, outright holdings of government securities by U.S.
Arconic (ARNC) announced that it has entered into an accelerated share repurchase agreement
with JPMorgan Chase Bank (JPM), National Association, London Branch, to repurchase $700M of Arconic's common stock, pursuant to the share repurchase program previously authorized by the Board of Directors.
Jefferies Funding LLC (JFLLC), a wholly owned subsidiary of Jefferies Group LLC (BBB/F3/Stable), will periodically sell assets to, and simultaneously agree to repurchase the same assets from, the trust pursuant to a master repurchase agreement
. Jefferies Group has provided a full and unconditional guarantee of JFLLC's payment obligations to the trust under the repurchase agreement
M2 EQUITYBITES-June 16, 2017-Immune Pharmaceuticals signs Ceplene asset repurchase agreement