NO.PZ2023100905000024
问题如下：
A risk manager is training junior risk analysts at an international bank. The manager is instructing them about the difference between repurchase agreements (repos) and reverse repurchase agreements (reverse repos), as well as the relevant market participants. Which of the following is a correct statement for the manager to present to the class?
选项：
A.
A trader who would like to short a bond could enter into a repo to borrow the bond.
B.
Haircuts on collateral are typically charged to those who lend collateral in repo transactions, but margin calls are usually not made.
C.
When financing a purchase of securities, financial institutions often sell the repo to avoid putting up full purchase price for the securities.
D.
Money market mutual funds tend to enter into a repo to invest short-term liquid instruments.
解释：
A is Incorrect. A reverse
repo should be made to borrow the bond.
B is Incorrect. Margin
calls are also common.
C is Correct. Selling the
repo is the same as entering into a repo agreement, where the security is sold
and bought back later.
D is Incorrect. Money market
mutual funds enter into reverse repo agreements to invest in short-term
instruments.
老师，这道题听了几遍解析也看了别人提问的回答，有一个地方不懂，经典题视频说C想表达的是抵押自己想买的债券获得融资，就相当于没有用全部子的钱买债券。但是我不先把债券买来获得债券的所有权，我咋抵押啊？
