NEW YORK -- PIMCO Income Opportunity Fund (NYSE:PKO) (the "Fund"), announced that, effective today, the Fund's maximum 38% aggregate leverage policy has been revised to permit the Fund to utilize reverse repurchase agreements
up to 50% of the Fund's total assets and to utilize other forms of leverage covered by the prior policy up to the maximum extent permitted by the Investment Company Act of 1940 (the "1940 Act").
28 also mandates a number of disclosures for securities lending transactions patterned closely on the disclosures already required for reverse repurchase agreements
The PBOC injected CNY120bn through reverse repurchase agreements
as part of its regular open market operations.
Some of the main issues for Chase involved repurchase agreements (repos) and reverse repurchase agreements
, which generally are short-lived borrowings commonly used by banks in their financing arrangements.
The Central Bank said that it had injected KES6bn into the money Markets, using reverse repurchase agreements
(repo), at a weighted average rate of 8.
The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements
and/or other instruments.
The People's Bank of China (PBOC) offered CNY15bn in 14-day reverse repurchase agreements
through its regular open market operations, according to traders participating in the operation.
liquid securities equal in value to its obligation in respect of the reverse repurchase agreements
(or other instruments), these investments are not considered to be a borrowing or a "senior security" for purposes of the asset coverage requirements under the 1940 Act, although they may have the same economic effect as other types of leverage.
The bank had made a series of liquidity injections in recent weeks, via short-term reverse repurchase agreements
The Governmental Accounting Standards Board has published an interpretation that clarifies the reporting requirements for reverse repurchase agreements
38% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements
and when-issued securities.
The Federal Reserve is planning to drain banking reserves using tri-party reverse repurchase agreements