a) Do not expect an obligatory availability of high liquid equity markets, which are repo guarantees;
b) Do not expect the availability of a strict connection between terms of repo transactions and terms of securities payment, which are guarantees of repos;
c) Practically do not influence on the market prices of securities that are used in these transactions.
As a whole the main confessedly advantage of repurchase agreements in an international practice is a market character of these transactions. Due to a low risk repo transaction is one of the cheapest sources of bringing in additional liquidity and achievement of the multiply effect, which, in general, reduce the expenditures of stock and share markets' participants and their clients.
The advantages of repos are self-evident. Therefore we are confident that repos will also prove their worthiness as an important monetary policy instrument in ukraine.
Literature
Оксенойт г. Операции репо: обзор международного опыта // рынок ценных бумаг. - 2001. - № 16. -
С. 21-31
www.atlantafed.org - m. Fisher. Special repo rates: an introduction.
www.en.wikipedia.org - repurchase afreement
www.financialpolicy.org - financial policy forum 2006. R. Dodd. "repo" or repurchase agreement
Market.
www.newyorkfed.org - m.j. fleming, k.d. garbade. The repurchase agreement refined: gcf repo.
www.richmondfed.org - stephen a. Lumpkin. Instruments of the money market.
www.ukragroportal.com - угоди репо як інструмент фінансового ринку україни
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