بازار خرید و فروش انواع پارچه | پارچه بازار قیمت، خرید، فروش انواع پارچه
In the field of securities lending, the objective is to temporarily obtain the title for other purposes. B for example to hedge short positions or for use in complex financial structures. Securities are generally borrowed for a fee and securities lending transactions are subject to different types of legal arrangements than repo. As part of a repurchase agreement, the Federal Reserve (Fed) purchases U.S. Treasury bonds, U.S. agency securities or mortgage-backed securities from a prime broker who agrees to repurchase them generally within one to seven days; a reverse deposit is the opposite. Therefore, the Fed describes these transactions from the counterparty`s perspective and not from its own perspective. Despite the similarities with secured loans, pensions are real purchases. However, since the buyer is only a temporary owner of the collateral, these agreements are often treated as loans for tax and accounting purposes. In the event of insolvency, repo investors can sell their collateral in most cases.
This is another distinction between pensioner and secured loans; For most secured loans, insolvent investors would be subject to automatic suspension. Most existing tax authorities treat pensions as secured loans. Under these powers, the seller of pensions is treated as the tax owner of the assets during the life of the pension business, and the repurchaser of pensions is treated as if he held the assets as collateral. However, there is a risk that these authorities will not apply to modern pensions for liquid and fungible assets. Indeed, in existing authorities, the repurchase agreement was generally not entitled to sell or pledge the assets again, while in a modern pension, the repurchase agreement often has the right to sell or pledge again. Although the transaction is similar to a loan and its economic impact is similar to that of a loan, the terminology is different from that applicable to loans: the seller legally buys the securities back from the buyer at the end of the loan term. However, a key aspect of pensions is that they are legally recognized as a single transaction (significant in the event of the counterparty`s insolvency) and not as a sale and redemption for tax purposes. By structuring the transaction as a sale, a repo provides lenders with significant protection against the normal operation of U.S. bankruptcy laws. B such as automatic suspension and avoidance provisions. As in many other parts of the financial world, repurchase agreements include terminology that is not common elsewhere.
One of the most common terms in the repo space is “leg”. There are different types of legs: for example, the part of the buyback agreement in which the security is originally sold is sometimes called the “starting stage”, while the subsequent redemption is the “narrow part”. These terms are sometimes exchanged for “near leg” or “distant leg”. In the vicinity of a repurchase transaction, the security is sold. In late 2008, the Fed and other regulators issued new rules to address these and other concerns. The impact of these regulations has included increased pressure on banks to maintain their safest assets, such as treasuries. According to Bloomberg, the impact of regulation has been significant: at the end of 2008, the estimated value of global securities lent in this way was nearly $4 trillion. Since then, however, the number has approached $2 trillion.
In addition, the Fed has increasingly entered into repurchase agreements (or reverse buybacks) to compensate for temporary fluctuations in bank reserves. In the case of a rest, a trader sells government bonds to investors, usually overnight, and buys them back the next day at a slightly higher price. This small price difference is the implicit rate of overnight financing. Pensions are usually used to raise short-term capital. They are also a common instrument for central banks` open market operations. Like Estevez`s character in the film, many banks find it quite easy to get into the repo business. Although standard “vanilla” pensions for liquid funds are a mature and widely used technology, the processing of this type of transaction by the US federal income tax is somewhat uncertain. This means that caution should be exercised when entering into repo transactions with certain types of assets and with certain types of counterparties. Buyback agreements can be made between various parties. The Federal Reserve enters into repurchase agreements to regulate the money supply and bank reserves. Individuals usually use these agreements to finance the purchase of debt securities or other investments.
Repurchase agreements are purely short-term investments and their maturity is called “rate”, “maturity” or “maturity”. An open repurchase agreement (also known as on-demand reverse repurchase agreement) works in the same way as a term deposit, except that the merchant and counterparty accept the transaction without setting the due date. On the contrary, the negotiation may be terminated by either party by notifying the other party before an agreed daily deadline. If an open deposit is not terminated, it rolls automatically every day. Interest is paid monthly and the interest rate is regularly reassessed by mutual agreement. The interest rate on an open deposit is usually close to the federal funds rate. An open deposit is used to invest money or fund assets when the parties don`t know how long it will take them to do so. But almost all open contracts are concluded within a year or two. A repurchase agreement, also known as a repurchase agreement, PR or sale and reverse repurchase agreement, is a form of short-term borrowing, mainly in government bonds.
The trader sells the underlying security to investors and, after consultation between the two parties, buys it back shortly after, usually the next day, at a slightly higher price. .
