Banking
Reverse Repo — Securities Purchased Under Repo
The bank lends cash and receives government securities as collateral in a reverse repo.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Reverse Repo Asset (Cash Lent) | Asset (+) | 100,000,000.00 | - |
| Cash / Settlement Account | Asset (-) | - | 100,000,000.00 |
💡 Accountant's Note
In a reverse repo, the bank is the cash lender and receives securities as collateral. The cash is a short-term secured loan. The repo rate is accrued as interest income over the repo term.
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