In what, securities involve in repos are not delivered on the settlement date of the agreement and the contract may be extended upon mutual agreement of the buyer-lender and seller-borrower.
Hmm, this is a tough one. I'll have to go with C. Rollover, but I'm not 100% sure. Hopefully, I don't end up in a 'repo-man' situation if I get it wrong!
D. Purchasing agreements seems more logical to me. The question talks about the securities not being delivered, which suggests a purchase agreement rather than a rollover.
I think the answer is C. Rollover. The question mentions the securities are not delivered on the settlement date, and the contract can be extended, which sounds like a rollover agreement.
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