Section 5.30 Setoffs by Repo Participants

LibraryBankruptcy Practice (2007 Ed. + 2015 Cum Supp)

F. (§5.30) Setoffs by Repo Participants

Repos are agreements under which borrowers sell securities to lenders and simultaneously agree to repurchase the securities for a set price at a later date. The exception in 11 U.S.C. § 362(b)(7) permits a repo participant to set off a claim for a margin or settlement...

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