Repurchase is a transaction in which one party takes a certain amount of bonds as collateral, integrates funds and promises to repurchase mortgage bonds in the future. It is also one of the open market operation methods often used by the central bank. The central bank can use the repurchase operation to achieve the effect of withdrawing funds from the market. Compared with central bank bills, repurchase will reduce operating costs, and locking funds is more effective. \ x0d \ x0d \ reverse repurchase refers to the trading behavior that the People's Bank of China buys securities from a primary dealer and agrees to sell the securities to the primary dealer on a specific date in the future. Reverse repurchase refers to the operation of the central bank to put liquidity into the market, and reverse repurchase refers to the operation of the central bank to recover liquidity from the market when it expires. The simple explanation is active lending, and the transaction that obtains bond pledge is called reverse repurchase transaction. At this time, the central bank plays the role of investor, and is a lender who accepts bond pledge and lends money. \x0d\x0d\ Reverse repurchase Like the eve of the Spring Festival this year, funds were tight, and the central bank carried out reverse repurchase in order to maintain the stability of the monetary fund market \ x0d \ News: Information Times (Reporter Xu Lan) In the last trading week before the Spring Festival, the central bank continued to carry out reverse repurchase operations in the open market for 65.438 billion yuan and 65.438+04 days. \x0d\ When the funds being repurchased are too loose, the repurchase will be carried out \x0d\x0d\ Note: the expiration of the repurchase is equivalent to the effective reverse repurchase \ x0d \ The expiration of the reverse repurchase is equivalent to the effective reverse repurchase.