Banking giants lead repo funding of securitized debt

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

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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. 

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