A relationship institution enters into a repurchase agreement as agent for its customers
The custodian, BNY Mellon, holds securities on the customer’s behalf and sends or receives funding by wire.
It’s an overnight transaction that rolls, so the customer enjoys daily liquidity.
For the relationship institution, this is an off-balance sheet transaction —funds and securities do not reside on its balance sheet and it retains the customer relationship.
IntraFi Repo can help banks, brokerage firms, and other financial institutions to build valuable relationships and manage liquidity. The service is provided by Assetpoint Financial, LLC, a wholly owned subsidiary of IntraFi LLC. To learn more contact us today →