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Agency Repo

A type of repo (repurchase agreement) which involves lending of agency securities such as mortgage-backed securities (MBS) collateralized by residential...

Open Maturity Repo

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open maturity repo...

Open-Ended Repo

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open-ended repo is...

Overnight Repo

A repurchase agreement (repo) which matures after one day of entering into it. In other words, the term of an...

Reverse Repo Rate

The rate that is used in a reverse repo transaction. It is rate at which the central bank borrows money...

Reverse Repo

A repurchase agreement (repo) in which a non-bank counterparty borrows cash from the bank counterparty. It is reverse to the...

Hold-In-Custody Repo

A form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out the collateral, but rather keeps...

HIC Repo

An abbreviation for hold-in-custody repo; a form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out...

Net Basis

The basis amount that results from adjusting the gross basis for net carry. Net carry is the actual coupon income...

GC Security

It stands for general collateral security; broadly, it is a category of collateralized securities (known as eligible collateral) with identical...