Skip to Content
Key Financial Market Concepts, 2nd Edition
book

Key Financial Market Concepts, 2nd Edition

by Bob Steiner
September 2012
Beginner
328 pages
7h 42m
English
FT Publishing International
Content preview from Key Financial Market Concepts, 2nd Edition

Buy/sell-back and Sell/buy-back

Definition

A buy/sell-back is a pair of simultaneous transactions: the first is the purchase of a bond or other asset and the second is the sale of the same asset back again from the same counterparty for settlement on a later date. A sell/buy-back is the same transaction viewed from the counterparty’s point of view.

When speaking generally, without being specific about which way round one is in the transaction (i.e. buying first or selling first), the term ‘buy/sell-back’ is used rather than ‘sell/buy-back’.

How are they used?

A sell/buy-back is essentially the same as a repo but the two legs of the deal, although dealt simultaneously, are treated as two separate transactions rather than one. The economics of ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

Corporate Finance, 5th Edition

Corporate Finance, 5th Edition

Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi

Publisher Resources

ISBN: 9780273750123