noun
repurchase agreement transaction; repo transaction
A financial transaction where a security is sold with an agreement to repurchase it at a later date, effectively a short-term collateralized loan. Used in money markets.
現先取引は短期金融市場で広く利用されている。
Repurchase agreement transactions are widely used in short-term financial markets.
レポ取引 is a more common, katakana-based term for repurchase agreement transactions, while 現先取引 is a formal kanji term used in financial contexts.
Compound of 現先 (げんさき, 'spot and forward') and 取引 (とりひき, 'transaction'). The term reflects the simultaneous spot sale and forward repurchase nature of the transaction.