A repo, which stands for a re-purchase agreement, is in many ways the fundamental building block of money markets the world around. Essentially the transaction involves financial market players like banks borrowing and lending money overnight using government securities as collateral.
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A repo, which stands for a re-purchase agreement, is in many ways the fundamental building block of money markets the world around. Essentially the transaction involves financial market players like banks borrowing and lending money overnight using government securities as collateral.
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BNY Mellon, the world s largest custodian, has joined Eurex as its first clearing house for repo outside the U.S.
BNY Mellon has chosen Eurex as the first clearing house in Europe to centrally clear.