The repurchase agreement (subject to authorization by the CMF) is a contract through which you can undertake to transfer your securities to AMEN BANK with the firm and binding commitment to terminate the transaction on a date and at a price agreed upon from the outset (date of sale of the securities by the customer).
This operation makes it possible to:
Satisfy instantaneously and at any time an urgent need for liquidity under conditions that are advantageous considering the quality of repurchased securities.
Significantly improve the returns on the company's assets by purchasing long-term, higher yielding securities without incurring liquidity risk.