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In a situation where Bank A needs cash quickly while Bank B has excess funds, Bank A can enter into a repurchase (repo) agreement. In this arrangement, Bank A (the dealer) gives its bonds to Bank B in exchange for cash, agreeing to buy the bonds back at a later date, typically the next day, but at a higher price. This allows Bank A to secure the necessary cash, and Bank B profits from the transaction. For Bank A, this is considered a repo, while for Bank B, it's known as a reverse repo, as they purchase securities with the intention of reselling them for profit. Repo transactions are utilized by various entities, including banks, mutual funds, hedge funds, and central banks.
