It stands for bed and breakfast; the functional, but not necessarily the economic, equivalent of an overnight repurchase agreement (repo). Banks and financial institutions usually sell a security or portfolio to register at tax gain or loss, and repurchase it the following day. This tactic is also used to avoid showing a position on a company’s books at the end of reporting period.
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/template-parts/post/content-single.php on line 41
Comments