American Bankers Association CTFA Exam - Topic 3 Question 103 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 103
Topic #: 3

When securities repurchased under repos commonly have a principal amount that differs from principal amount of the security originally sold under the agreement, is known as:

ASplintering act

BBreakage

CRollover

DNone of the above

Show Suggested Answer

Suggested Answer: B

by Altha at May 04, 2026, 11:40 PM

Limited Time Offer

25%

Off

Get Premium CTFA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Elmira

9 hours ago

Wait, is Breakage really the right term? Sounds off.

upvoted 0 times

...

Selma

6 days ago

I thought it was Rollover, but I guess not.

upvoted 0 times

...

Glendora

11 days ago

It's called Breakage, option B!

upvoted 0 times

...

Francesco

16 days ago

I’m leaning towards "none of the above," but I really need to double-check my notes on repos to be certain.

upvoted 0 times

...

Jacquelyne

2 months ago

This question seems familiar; I think we covered something about "rollover" in class, but I’m not confident it fits this scenario.

upvoted 0 times

...

Nan

2 months ago

I remember studying repos, and I feel like "breakage" was mentioned in a similar context, but I can't recall the exact definition.

upvoted 0 times

...

Jaime

2 months ago

I think this might be related to how repos can have different terms, but I’m not entirely sure which term applies here.

upvoted 0 times

...