Special Repo
Repo in which a particular security is in unusually high demand and may finance at a rate below general collateral.
Market use
The financing rate reflects scarcity value of the security.
What it means
Repo in which a particular security is in unusually high demand and may finance at a rate below general collateral.
Example
A bond needed for delivery can become special.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.