A repo, or repurchase agreement, allows a dealer to sell and repurchase short-term government securities to a lender at a specified future date and an agreed price.
He has spent his entire career in the corporate trust space, and brings a wealth of expertise in asset-backed securities and complex structuring issues.
The authors of one study claim that illegal insider trading raises the cost of capital for securities issuers, thus decreasing overall economic growth.
During the current quarter, adjustments to premium amortization expense on mortgage-backed and asset-backed securities, due to changes in prepayment speed assumptions, were not significant.