Bank of America Repo 105? $10.7 Billion of Trades Wrongly Classified According to SEC Letter

Repo 105 From Wikipedia, the free encyclopedia Repo 105 is an accounting maneuver where a short-term loan is classified as a sale. The cash obtained through this “sale” is then used to pay down debt, allowing the company to appear to reduce its leverage by temporarily paying down liabilities—just long enough to reflect on the … Read more