Template:M summ GMRA 5: Difference between revisions

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	[[5 - GMRA Provision\|The]] amount by which {{icmacds}} managed to balls up a really simple idea — that you have to pay over whatever you get on what you hold, on the day you get it, [[Gross up\|grossed up]] — is really quite remarkable. Some [[ninja]] work here, make no mistake.<br>		[[5 - GMRA Provision\|The]] amount by which {{icmacds}} managed to balls up a really simple idea — that you have to pay over whatever you get on what you hold, on the day you get it, [[Gross up\|grossed up]] — is really quite remarkable. Some [[ninja]] work here, make no mistake.<br>

			Detail point: The [[manufacture]] of income, versus the accrual and payment of income, is the key difference between a [[Repo]] and a [[Buy/Sell Back Transaction - GMRA Provision\|Buy/Sellback Transaction]]. Under a repo you manufacture income; under a buy/sellback you accrue [[interest]].