The Repurchase Agreement Refined: GCF Repo
Year: 2005
Type: preprint
Abstract: One of the largest and most important of the money markets is the market for repurchase agreements. In a repurchase agreement, a borrower of money effectively agrees to provide securities as collateral to the lender to mitigate credit risk. GCF Repo is a recent innovation in this market that reduces transaction costs, enhances liquidity, and facilitates the efficient use of collateral.
Source: SSRN Electronic Journal
Authors: Michael J. Fleming, Kenneth D. Garbade
Institution: Federal Reserve Bank of New York
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2182993160