A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
The global credit network will now be able to provide institutional clients with a full suite of regulatory-compliant prime brokerage, clearing, and financing services in fixed income assets
The total value of repos and reverse repos still outstanding on the books of participants fell back 2.3 per cent year-on-year, according to the semi-annual survey
The companies say the successful collaboration demonstrates greater efficiency in bringing liquidity and risk reduction to US and European financial markets
The transaction took place between UBS and Swiss Re in February, where UBS borrowed cash from Swiss Re while delivering collateral through BNY's platform