Draining the Swamp: The Fed's Tri Party Repo Machine

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In this housing as outlined by the New York FRS memo below, a triparty repo dealings is a dealings among three parties: a cash pledgee performing on behalf of every holders of dollars (the Fed), a borrower that will provide confirmatory (dodgy debt holder in unsafe financial condition), and a clearing bank, most probable a primary dealer same J.P. Morgan, which is exclusive likewise bright to collect its fees as an be Sure you bookmark this page. Thanks...
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