Floating-rate repo

There is a wide range of uses to which repo might be put. Structured transactions that are very similar to repo include total return swaps, and other structured repo trades include floating-rate repo that contains an option to switch to a fixed rate at a later date. In the equity market repo is often conducted in a basket of stocks, which might be constituent stocks in an index such as the FTSEIOO or CAC40 or user-specified bas-... 

There are a number of unusual features in the French repo market, in addition to the definition of repo in domestic law. These include a registered market-making system, as one observes in the cash government market, and a significant volume of floating-rate repo. A typical market maker s repo screen is shown at Exhibit 10.21. 

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