问题如下:
Which of the following statement about
repurchase agreements is NOT correct?
选项:
A. The purchases price for
settlement is the original invoice price plus interest at the repo rate (implied
interest) on the transaction.
Lenders may initiate the
reverse repo to borrow a bond and make profit through taking short positions.
Only securities of the
highest credit quality are typically accepted as collateral, and repo
agreements often need haircuts.
Repos
are less stable than unsecured short-term borrowings because of high quality
collateral.
解释:
考点:对Repurchase Agreements的理解
答案:D选项错误,本题选D
解析:
D选项描述错误,正确的表述为:Repos
are more stable than unsecured short-term borrowings because of high quality
collateral.
你好,关于B选项,在回购/逆回购这个过程中,这里的lender或者borrower默认是指lend money和borrow money的一方吗,我刚开始把lender理解成lend别人security一方了