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Repurchase Agreements (REPO)

Repurchase Agreements (REPO)

  • A repurchase agreement or Repo is an agreement of a simultaneous sale and purchase of security. Repurchase agreements should be backed by security, generally Treasuries
  • Repo deposits are a money market instrument and could be of varied tenures. Hence this sort of instrument is widely used to invest short term and medium term funds
  • The amount invested is not restricted and will be up to the discretion of the customers involved (for operational reasons HSBC has a minimum of LKR 1 million).
  • Interest is paid on maturity

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