reverse-repo

As of June 30, £1.54 billion of those reverse-repo transactions were outstanding, listed on Santander U.K.'s balance sheet as a "credit risk exposure" to Spain.

For Bank in Spain, Links Aren't Plain Sara Schaefer Muñoz 2011

Banco Santander initiated the reverse-repo program last year, shifting highly rated European government bonds from the Madrid parent to its British units in exchange for cash, the executives said.

For Bank in Spain, Links Aren't Plain Sara Schaefer Muñoz 2011

To be accepted as a reverse-repo counterparty, an applicant must be an open-ended investment company with assets of no less than $20 billion for six consecutive months prior to the submission of the application, the Fed said.

Fed to Expand Counterparties for Reverse Repos Deborah Lynn Blumberg 2010

In reverse-repo operations, the Fed sells dealers securities for cash with the agreement to buy them back later at a higher price.

Fed to Expand Counterparties for Reverse Repos Deborah Lynn Blumberg 2010

Brian Sack, executive vice president at the New York Fed, said the central bank is working with "other types of firms to assess their potential participation" in its reverse-repo operations.

Fed to Expand Counterparties for Reverse Repos Deborah Lynn Blumberg 2010

The criteria are intended to identify funds that conduct sizable transactions in the tri-party repo market, the Fed said, and those that the Fed believes would participate meaningfully in any reverse-repo program.

Fed to Expand Counterparties for Reverse Repos Deborah Lynn Blumberg 2010

In reverse-repo operations, the Fed sells dealers securities such as Treasurys for cash with the agreement to buy them back later at a higher price.

Fed to Expand Counterparties for Reverse Repos Deborah Lynn Blumberg 2010

Eligible reverse-repo parties won't be eligible for any other program or traditional relationship with the New York Fed, the bank said.

Fed to Expand Counterparties for Reverse Repos Deborah Lynn Blumberg 2010

Brian Sack, executive vice president at the New York Fed, said the central bank is working with "other types of firms to assess their potential participation" in its reverse-repo operations.

Fed to Expand Counterparties for Reverse Repos Deborah Lynn Blumberg 2010

Monday, the bank also published a set of eligibility criteria for money funds interested in becoming reverse-repo counterparties.

Fed to Expand Counterparties for Reverse Repos Deborah Lynn Blumberg 2010