2021年6月29日 · Repo 105 was a repurchase agreement that a company used to gain funds via short-term loans that are backed by collateral. Under Repo 105, if a company had the ability to repurchase the...

2010年3月31日 · While Lehman’s huge indebtedness and other mistakes have been well documented, the $30 million study by Anton Valukas, assigned by the bankruptcy court, contains a number of surprises and new insights, several Wharton faculty members say.

2010年3月12日 · The big Lehman post-mortem released yesterday spills a lot of ink on a complicated accounting trick with an awesome name: Repo 105. Here's the story.

What is Repo 105? Repo 105 is an accounting gimmick that was used within Lehman Brothers to classify short-term loans as a sale. It is a form of repurchase agreement that allows companies to borrow the excess funds of other companies for a short duration in exchange for collateral.

2024年8月26日 · Repo 105 transactions are a form of repurchase agreement where a company sells securities with a commitment to repurchase them after a short period, typically within a week or two. The unique aspect of Repo 105 is that it is structured to qualify as a sale rather than a loan under accounting rules, allowing the seller to temporarily remove the ...

2010年3月12日 · Repo 105, explained here, provided an alternative. But what exactly was Lehman Bros stuffing into the Repo 105 sausage?

2024年6月17日 · Lehman Brothers' use of Repo 105 is a prime example of how a financial institution can use creative accounting to deceive investors and regulators. The practice of Repo 105 involved temporarily moving assets off of Lehman's balance sheet to give the impression of reduced leverage.

2024年3月28日 · Repo 105, an accounting loophole exploited by Lehman Brothers during the 2007-2008 financial crisis, allowed companies to manipulate repurchase (repo) transactions. This practice aimed to conceal true leverage by categorizing short-term loans as sales, reducing reported liabilities.

2014年1月29日 · The report shed light on accounting tricks and derivatives products that played an important role in the demise of Lehman, and in particular, pointed to an accounting trick now famously known as “Repo 105.”

2022年9月15日 · Repo 105 is an accounting measure which is used by firms to move assets off balance sheet to disguise their leverage and capital ratios.