The following deals were executed between SBBJ and PNB on January 21, 2011: Deal 1: Ten thousands
Question:
The following deals were executed between SBBJ and PNB on January 21, 2011:
Deal 1: Ten thousands GOI-2012 Series bonds of face value ₹100 each were purchased by SBBJ from PNB at a price of ₹105 per bond deal is to be settled immediately.
Deal 2: Twenty thousands GOI-2015 Series bonds of face value ₹1,000 each were purchased by SBBJ from PNB at a price of ₹1020 per bond deal to be settled immediately. On the same day, both these parties entered into a 30 days forward on the same securities at a price of ₹1010 per bond, in this deal SBBJ was the seller and PNB was the buyer.
Are both deals 1 and 2 REPO deals? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: