30 years: Money markets
In this video, Richard covers the basics of repurchase agreements - what they are, how they are structured and their economics and accounting.
In this video, Richard covers the basics of repurchase agreements - what they are, how they are structured and their economics and accounting.
22 mins 10 secs
Repurchase agreements or “repos” are simple transactions in which one party sells an asset and then commits to buying back the asset at a later date. Sellers take all the risk in a repo as to whether the market value of the sold asset will rise or fall during the term.
Key learning objectives:
Define a repo
Understand the economics of repos and the risk sellers take
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