bank overnight repurchase agreements

简明释义

银行隔夜回购协议

英英释义

例句

1.The profitability of bank overnight repurchase agreements is influenced by prevailing interest rates.

银行隔夜回购协议的盈利能力受当前利率的影响。

2.The central bank uses bank overnight repurchase agreements to manage liquidity in the financial system.

中央银行使用银行隔夜回购协议来管理金融系统中的流动性。

3.Financial institutions often enter into bank overnight repurchase agreements to earn interest on excess reserves.

金融机构经常签订银行隔夜回购协议以赚取多余准备金的利息。

4.During times of economic uncertainty, bank overnight repurchase agreements can provide a safe haven for cash.

在经济不确定时期，银行隔夜回购协议可以为现金提供一个安全的避风港。

5.Investors often look for opportunities in bank overnight repurchase agreements due to their low risk.

投资者通常寻找银行隔夜回购协议中的机会，因为其风险较低。

作文

In the world of finance, various instruments and agreements facilitate the smooth functioning of banks and financial institutions. One such instrument is the bank overnight repurchase agreements, commonly referred to as repos. These agreements play a crucial role in liquidity management for banks and are fundamental to the functioning of the money market. To grasp the significance of bank overnight repurchase agreements (银行隔夜回购协议), we must first understand what they entail and how they operate.A bank overnight repurchase agreement is a short-term borrowing arrangement where one party sells securities to another party with the agreement to repurchase those securities at a predetermined price on the following day. This transaction usually involves high-quality securities, such as government bonds or treasury bills. The seller, typically a bank or financial institution, uses this mechanism to raise cash quickly, while the buyer earns interest on the cash lent out, secured by the securities.The mechanics of a repo transaction are relatively straightforward. For instance, a bank may need immediate funds to meet its short-term obligations. It can enter into a bank overnight repurchase agreement with another financial institution, selling a set of securities for cash. The next day, the bank will buy back the securities at a slightly higher price, which reflects the interest charged for the overnight loan. This process allows banks to manage their liquidity efficiently without having to sell off their assets permanently.The importance of bank overnight repurchase agreements (银行隔夜回购协议) cannot be overstated. They are essential for maintaining stability in the financial system. By providing a mechanism for banks to obtain short-term financing, repos help ensure that banks can meet their liquidity needs and continue to lend to businesses and consumers. This function is particularly vital during periods of financial stress when access to cash may be limited.Moreover, bank overnight repurchase agreements also contribute to the overall efficiency of the money market. They allow for the seamless transfer of funds between institutions, ensuring that excess reserves are utilized effectively. Additionally, these agreements help in the determination of short-term interest rates, as the rates on repos often serve as benchmarks for other borrowing costs in the economy.However, it is essential to recognize the risks associated with bank overnight repurchase agreements. While they are generally considered low-risk due to the collateral involved, systemic risks can arise if a significant number of institutions face liquidity issues simultaneously. Such scenarios can lead to a freeze in the credit markets, as seen during the financial crisis of 2008. Therefore, regulators closely monitor the repo market to mitigate potential risks and ensure its stability.In conclusion, bank overnight repurchase agreements (银行隔夜回购协议) are a vital component of the financial ecosystem, providing banks with a mechanism to manage liquidity and maintain operational stability. Understanding the intricacies of these agreements is essential for anyone involved in finance, as they reflect broader economic conditions and influence monetary policy. As the financial landscape continues to evolve, the role of repos will remain critical in ensuring the resilience of the banking sector and the economy as a whole.

在金融世界中，各种工具和协议促进了银行和金融机构的顺利运作。其中一种工具是银行隔夜回购协议，通常称为回购。这些协议在银行的流动性管理中发挥着至关重要的作用，是货币市场运作的基础。要理解银行隔夜回购协议的意义，我们首先必须了解它们的内容以及如何运作。银行隔夜回购协议是一种短期借贷安排，其中一方将证券出售给另一方，并约定在次日以预定价格回购这些证券。此交易通常涉及高质量的证券，如政府债券或国库券。卖方，通常是银行或金融机构，利用这种机制快速筹集现金，而买方则通过所借出的现金获得利息，且有证券作为担保。回购交易的机制相对简单。例如，一家银行可能需要立即资金来满足其短期义务。它可以与另一金融机构签订银行隔夜回购协议，以现金出售一组证券。第二天，银行将以略高的价格回购证券，这个价格反映了隔夜贷款的利息。这一过程使银行能够有效地管理流动性，而无需永久性地出售资产。银行隔夜回购协议的重要性不容小觑。它们对维持金融系统的稳定至关重要。通过提供银行获得短期融资的机制，回购帮助确保银行能够满足其流动性需求，并继续向企业和消费者放贷。这一功能在金融压力时期尤为重要，因为现金的获取可能会受到限制。此外，银行隔夜回购协议还促进了货币市场的整体效率。它们允许机构之间无缝转移资金，确保多余的准备金得到有效利用。此外，这些协议有助于短期利率的确定，因为回购的利率通常作为经济中其他借贷成本的基准。然而，必须认识到与银行隔夜回购协议相关的风险。尽管由于涉及的担保，它们通常被视为低风险，但如果大量机构同时面临流动性问题，可能会出现系统性风险。这种情况可能导致信贷市场冻结，正如2008年金融危机所示。因此，监管机构密切监测回购市场，以减轻潜在风险并确保其稳定性。总之，银行隔夜回购协议是金融生态系统的重要组成部分，为银行提供了管理流动性和维持运营稳定的机制。理解这些协议的复杂性对于任何参与金融的人来说都是至关重要的，因为它们反映了更广泛的经济状况，并影响货币政策。随着金融环境的不断演变，回购的角色将继续在确保银行部门及整个经济的韧性方面发挥关键作用。