GV's comment on PESTEC. All Comments

GV
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What is repurchase agreement (repo)? In repo, dealer (Mr Lim) sells securities to another party (EFH) with an agreement to buy back at a higher/agreed price at the maturity date. In short, the dealer himself is merely raising a short-term funds at a favorable interest rate with low risk of loss. Correct me if i’m wrong :) cheers
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