问题如下:
Which of the following statement aboutrepurchase agreements is NOT correct?
选项:
A. Repurchase agreements or repos are matchedpairs of the spot sale and forward repurchase of a security.
B. The forward repurchase price of the securityis determined at the end of the agreement.
C. Repo investments pay a short-term rate withoutsacrificing much liquidity or incurring significant default risk.
D. In some cases, the repo agreements may alsorequest a margin call from borrowers. When collateral declines in value,additional collateral is needed, when market outperforms, excess collateral canbe withdrawn.
解释:
考点:对Repurchase Agreements的理解
答案:选项B描述错误,本题选B
解析:
B选项错误,在Repos中,未来的Repurchase price在期初就已约定好:Both the spot
and forward price are agreed now, and the difference between them implies aninterest rate.
Repurchase agreement 和 Repos 不是一个东西吗?