Espenilla also explained that BSP was now willing to remove heavy reserve requirements on repos
to facilitate the development of this market because all stakeholders have committed to play by established rules.
To remove "friction cost" on repurchase or repo
transactions under the government's repo
program, the Bangko Sentral ng Pilipinas (BSP) has removed the reserve requirement on eligible deals starting next week, December 1.
helped Lehman remove as much as $50 billion of debt from its balance sheet, with very little, if any, impact on the other financial statements.
Abstract: This paper presents the empirical results of the volatility transmission of money market overnight repo
rate along the yield curve in Pakistan.
EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business and ICAP Information Services (IIS), the information division of ICAP, announce today that they have launched the Sterling Repo
Index Rate (RIR).
The first article, "The Financial Plumbing of the GCF Repo
Service," focuses on how GCF Repo
trades are cleared and settled and describes how GCF Repo
is affected by the current reforms to the settlement of repos
The chart below shows the Federal Reserve's holdings of agency securities along with the agency securities used as collateral in tri-party repos
Activity in New Zealand's repo
market has also recovered, with turnover in repos
that use government securities as collateral hitting record highs in late 2011.
The second financial rule that privileges repos
is that money-market funds must keep their portfolios extremely liquid, because their customers draw checks on their deposits.
were, for example, a major source of secured funding for Bear Sterns prior to its demise.
In the Examiner's Report these are referred to as ordinary repos
(Examiner's Report, 2010, Vol.
The discussion begins with a description of repos
and reverses, the difference between on-the-run and older securities, and the ways dealers use repos
to finance and hedge.