Can someone either direct me to information on or provide a good explanation of how a repurchase agreement works?Hi,Definition:Repo (Repurchase Agreement)www.investorwords.com/cgi-bin/getword.cgi?4186A contract in which the seller of securities, such as Treasury Bills, agrees to buy them back at a specified time and price. also called repurchase agreement or buyback. Repos are very short-term secured loans disguised as a sale and repurchase agreement. In a typical repo, the borrower "sells" government securities to a borrower, with an agreement to purchase them back the next day for a slightly higher price. A term repo may run as long as 30 days.For more details:Repurchase and Matched-Sale Transactionswww.banx.com/banx/keymkts/repo.htmKeith O'MalleyTMF KGOMalleyAs a TMF Money Advisor subscriber, you will have some incredible resources at your fingertips: your own financial advisor to call, Self-Paced Seminars and Crash Courses, a comprehensive online planning tool, interactive Q&A, and a members-only 20% discount off of everything in FoolMart.www.fool.com/landing/ma/landing_v3.htm?source=incsmavema310184
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