Repoš
Repoš (Serbian Cyrillic: Репош) was a name found in medieval Serbia; it was mentioned in 14th-century charters as a byname (or surname), and in the early 15th century as a given name.
References
Repurchase agreement
A sale (and) repurchase agreement, also known as a (currency) repo, RP, or sale and repurchase agreement, is a transaction concluded on a deal date tD between two parties A and B:
(i) A will on the near date tN sell a specified security S at an agreed price PN to B
(ii) A will on the far date tF (after tN) re-purchase S from B at a price PF which is already pre-agreed on the deal date.
If we assume positive interest rates, the repurchase price PF can be expected to be greater than the original sale price PN.
The (time-adjusted) difference (PF-PN)/PN*(tF-tN)/365 is called the repo rate; it can be interpreted as the interest rate for the period between near date and far date.
Ambiguity in the usage of the term repo
The term repo has given rise to a lot of misunderstanding: there are two types of transactions with identical cash flows
(i) a sell-and-buy-back as well as
(ii) a collateralized borrowing.
The sole difference is that in (i) the asset is sold (and later re-purchased), whereas in (ii) the asset is instead pledged as a collateral for a loan: in the sell-and-buy-back transaction the ownership and possession of S are transferred at tN from a A to B and in tF transferred back from B to A; conversely, in the repo only the possession is temporarily transferred to B whereas the ownership remains with A.
Repo (disambiguation)
Repo may refer to:
In computing:
People:
In entertainment:
See also
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