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repo
(redirected from Overnight Repos)

   Also found in: Financial, Wikipedia 0.01 sec.
re·po 1  (rp)
n. pl. re·pos Informal
A repurchase agreement.

[Shortening and alteration of repurchase agreement.]

re·po 2  (rp)
n. pl. re·pos Informal
1. Repossession of merchandise or property from a buyer who has defaulted on payment.
2. Repossessed merchandise or property.

repo [ˈriːpəʊ]
n Informal short for
1. (Law) repurchase agreement
2. (Law)
a.  repossession of property
b.  (as modifier) a repo car


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He argues that the use of overnight repos and derivatives, the heart of the shadow banking system, was endogenous, as Ricks argues, but not simply because of the inability of the political system to precommit not to bail out short-term creditors.
Meanwhile the SNB will offer as much as USD 9B in a one-week repo today, and temporarily reduce the maximum amount it allots in the overnight repos to USD 7B from USD 10B.
These operations normally traffic in overnight repos and "long-term" 14-day repos designed to allow banks flexibility in short-term balance-sheet adjustments, and are the Fed's chief policy instrument for expanding or contracting the money supply.
 
 
 
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