Copeland, Adam M.
[VerfasserIn]
;
Davis, Isaac
[Sonstige Person, Familie und Körperschaft];
Martin, Antoine
[Sonstige Person, Familie und Körperschaft]
Anmerkungen:
In: Economic Policy Review, Issue 2, pp. 25-37, 2015
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2015 erstellt
Beschreibung:
This article examines how dealers use the GCF Repo service. It begins by explaining the strategies that dealers employ when trading GCF Repo and then uses empirical analysis to quantify the predominance of these strategies. Looking across all dealers and all days, the study finds that on an average day, at least 23 percent of dealers focus on strategies to raise cash and at least 20 percent focus on managing their inventory of securities. This activity involves using GCF Repo to both exclusively source collateral and perform collateral swaps