Noble said inventory sales were different from a sale and repurchase agreement, as the commodities trader had no obligation under the deal to buy the commodities back. 来宝表示,库存出售与出售然后回购协议不同,因为这家大宗商品交易商根据协议没有义务购回大宗商品。
This article is developed with "GMRA" as its masterstroke, making an in-depth research into the OTC securities repurchase agreement system as well as its force in China's legal system. 本文以“GMRA”为主线,对场外证券回购合同制度及其在中国法上的效力展开了深入的探讨。
If, in an extreme downturn, the conversion were triggered, debt-holders would be forced to absorb some losses without dragging other obligations ( derivatives or repurchase agreement contracts, for instance) into a bankruptcy process, an event that could trigger a systemic panic. 如果在极度低迷的形势下,转换被触发,那么债券持有者将被迫承受一些损失,但其它债务(比如衍生品或回购协议合约)却不会被拖入破产程序,从而可避免引发系统性恐慌。
Repurchase agreement ( also known as a repo or Sale and Repurchase Agreement) allows a borrower to use a financial security as collateral for a cash loan at a fixed rate of interest. 回购协议是指以有价证券作抵押的短期资金融通,在形式上表现为附有条件的证券买卖。