TREASURY SERVICES
Money Market
Repurchase Agreement (Borrower)

This is where a holder of securities sells those securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. The security “seller” in effect borrows money from the “buyer” for the period of the agreement and the terms of the agreement are structured to compensate the “lender” for this

Reverse Repurchase Agreement (Lender)

This is where an investor buys securities from a holder, with an agreement to sell them at a fixed price on a fixed date. The securities “buyer” in effect borrows money from the “seller” for the period of the agreement.