Repurchase agreement's operations
REPO Operations - variety of operations of purchase-sale at which the owner of securities gives a contractor the obligation of their reverse redemption in set time and on the beforehand stipulated cost.
Such financial operation consists of two parts:
1) at first Client sells Bank securities;
2) at the same time Client undertakes an obligation to buy the adopted securities back in a certain term or on the requirement of Bank.
On economic essence, the operations of REPO are analogical the operations of crediting under pledging of securities
JSC «Expobank» conducts operations direct and reverse REPO.
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