Canada's Balance of International Payments
Loans under repurchase agreements of economy, category
Loans under repurchase agreements refers to securities repurchase agreements and reverse repurchase agreements. Under such agreements, securities are provided in exchange for cash with a commitment to repurchase the same or similar securities at a fixed price either on a specified future date (often one or a few days hence, but also further in the future) or with an "open" maturity. Securities lending with cash collateral and sale or buy-backs are economically the same as a repurchase agreement; all involve the provision of securities as collateral for a loan or deposit.
Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.