A type of risk redistribution (financial transformation) in which financial intermediaries hold assets with higher risk of default than their...
A process whereby a financial institution capitalizes on mismatches between the two sides of its balance sheet (assets and liabilities)....
A stock trading with rights off doesn't entitle the shareholder to receive rights to buy shares of a new stock...
One of the two legs on which a repo transaction is set up. A repo is the sale of a...
A repo leg that involves the transfer back of the cash amount that was initially borrowed, plus interest (accumulated on...
A repo (repurchase agreement, RP) in which close date is identical to or later than the maturity date of the...
The amount of the sale price that a seller refunds (rebates) to a buyer, based on certain criteria or conditions...
In general, haircut involves a reduction in the level of a "monetary" amount that would otherwise be available for a...
A haircut (margin discount) that is applied to a regulatory capital. This category of capital is defined as the minimum...
The difference between the general collateral rate (general repo rate) and the specific collateral rate (special repo rate): s =...