Generally, the purchase of an asset with the simultaneous agreement to sell items of the same type and amount to the counterparty at a later date. – In particular, the transfer of securities in exchange for cash (deal that works in the opposite direction to a repo transaction: securities are exchanged for cash).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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