问题如下:
Which of the following statement about
repurchase agreements is NOT correct?
选项:
A. Repurchase agreements or repos are matched
pairs of the spot sale and forward repurchase of a security.
The forward repurchase price of the security
is determined at the end of the agreement.
Repo investments pay a short-term rate without
sacrificing much liquidity or incurring significant default risk.
In some cases, the repo agreements may also request a margin call from borrowers. When collateral declines in value, additional collateral is needed, when market outperforms, excess collateral can be withdrawn.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 an
interest rate.
D里面这个抵押品不能撤回吧?