Try the new FT.com

March 19, 2010 3:14 am

Audio slideshow: Repo 105 explained

  • Share
  • Print
  • Clip
  • Gift Article
  • Comments

Accounting for repurchase, or repo, agreements hit the headlines after a report revealed that Lehman Brothers executives used a loophole in the accounting rules to shrink its balance sheet by more than $50bn.

In this audio slideshow, we explain what a normal repo is, how Repo 105 is different and why Lehman used the device.

Copyright The Financial Times Limited 2017. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.

  • Share
  • Print
  • Clip
  • Gift Article
  • Comments
SHARE THIS QUOTE