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Spot/Next Repo

December 3, 2021
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December 3, 2021

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A type of floating rate repo (variable rate repo) in which the tom/next (T/N) index is used rather than the usual overnight index (OI). The tom/next rate is typically set one day ahead of the day to which it applies (tomorrow/ next day). The underlying reference rate is a type of overnight interest rate that starts tomorrow.

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