Beresford, Dennis R.; Neary, Robert D.
November 1985
FE: The Magazine for Financial Executives;Nov1985, Vol. 1 Issue 11, p5
Trade Publication
The article focuses on the largely unregulated government securities market and the repurchase agreements broadly used to access that market. This situation has made many people much more aware of the potential exposure to losses from these activities. It also has revealed some lack of understanding of the characteristics of repurchase agreements. Many commercial and industrial companies have used repurchase transactions involving government securities for investment of short-term excess funds. The article tries to explain what repurchase transactions are, describe the current financial reporting practices for them, and identify the risks they involve.


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