释义 |
EncyclopediaSeePraMedicalSeePRAPurchase and Resale Agreement
Purchase and Resale AgreementAn agreement between the Bank of Canada and a dealer on an exchange in which the Bank buys Canadian Treasury securities from the dealer and the dealer agrees to buy the same securities back the following day. A PRA provides liquidity to a dealer, which in turn provides liquidity to market trading. See also: Murabaha, Double Sale. |