Senin, 30 November 2009

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

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In this case as outlined by the New York FRS memo below, a triparty repo transaction is a transaction among threesome parties: a cash pledgee acting on behalf of all holders of dollars (the Fed), a borrower that module provide confirmatory (dodgy debt bearer in unsafe financial condition), and a parcel bank, most likely a direct moneyman like J.P. Morgan, which is only likewise happy to collect its fees as an be Sure you bookmark this page. Thanks...
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