Credit Suisse (CS), Bank of America (BAC), and JPMorgan Chase (JPM) lead borrowers tapping the largest prime money market funds through repurchase agreements, financing about $20 billion of securitized debt, according to Fitch Ratings.
Dealers can use repo to finance their inventories or to fund theor own loans to clients. The securities are sold to a lender with an agreement by the borrower to buy them back later.