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"Repo" http://www

"Repo" (securities repurchase agreement) is used to describe a transaction whereby the borrower sells securities to the lender in the form of high-quality, fixed-income securities. Repo transactions via electronic trading platforms are becoming more and more significant, increasingly replacing unsecured loans with terms of up to one year in interbank trading. The increasing significance of repo trading can be attributed to the elimination of default risks, thanks to collateralization with fixed-income securities and reduced costs in terms of own funds requirements.