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

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Lewis

4 days ago

Splintering act? Never heard of that one!

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Tammara

9 days ago

Definitely Breakage! Learned that the hard way.

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Elmira

14 days ago

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

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Selma

19 days ago

I thought it was Rollover, but I guess not.

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Glendora

24 days ago

It's called Breakage, option B!

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Francesco

30 days ago

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

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Jacquelyne

3 months ago

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

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Nan

3 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.

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Jaime

3 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.

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