Open repo

Open repo
A repo with no definite term. The agreement is made on a day-to-day basis and either the borrower or the lender may choose to terminate. The rate paid is higher than on overnight repo and is subject to adjustment if rates move. ...

Open Repo
Financial & Investment Dictionary:
Open Repo
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Open Repo
Repurchase agreement that has an undefined repurchase date that continues on a day-to-day basis--either party may end it at any time. Each day the interest rate is adjusted to reflect changes in the market.

Open repo
A repurchase agreement with no definite term. The agreement is made on a day-to-day basis, and either the borrower or the lender may choose to terminate.

open repo A repo that can be terminated by either party at any time, and contains an unspecified repurchase date. open shop A firm or factory for which employment is not restricted to a particular trade union membership.

Such RPs may have a fixed maturity date or be open repoS, callable at any time. Rates are negotiated directly by the parties involved, but are generally lower than rates on collateralized loans made by New York banks.

consolidated tape, but leaves the block trader with stock available (because the trader has taken a long or short position to complete the trade) for new customers who are on the opposite side of the market to the initiating customer.
Open repo ...

Continuing repos are commonly used in conjunction with bank sweep accounts. Under a continuing repo agreement, the transaction is terminated whenever either party requests termination. Also called open repos.

See also: Repo, Overnight, Overnight repo, Government securities, Purchase Agreement