Although the transaction is similar to a loan and its economic impact is similar to a credit, the terminology differs from that of credit: the seller legally buys the securities from the buyer at the end of the loan period. However, one of the essential aspects of rest is that they are legally recognised as a single transaction (significant in the event of the insolvency of the counterparty) and not as an assignment and redemption for tax purposes. By structuring the transaction as a sale, a repo offers lenders considerable protection against the normal operation of U.S. bankruptcy laws, such as. B automatic suspension and avoidance provisions. A Buy/Sell Back is the equivalent of a ”reverse repo”. In this context, the New York Fed is continuously working with market participants to monitor the repo infrastructure and, if necessary, recommend reforms to ensure that these markets remain stable sources of funding in times of market stress. . . .