Transcription of REPURCHASE AGREEMENTS A Refresher Course
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REPURCHASE AGREEMENTS A Refresher Course
BY STEVEN MCARTHURREPURCHASE AGREEMENTSA Refresher CourseThis article was reprinted from the October 2009 issue of theGovernment finance Officers association s AGREEMENTS have long been a safe way toinvest short-term or overnight cash. But given the precarious condition of a number of banks and thenervous attitude of many finance officers, now is an oppor-tune time to review the basics as well as recent AGREEMENTS , or repos, are financial instrumentsin which an investor purchases securities from a bank or dealer and, at the same time, the selling bank or dealer con-tractually agrees to REPURCHASE the securities at the sameprice (plus interest)
This article was reprinted from the October 2009 issue of the Government Finance Officers Association’s Treasury Management newsletter. R epurchase agreements have …
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