Reverse repo
The same repo transaction seen from the side lending the money: it buys securities with an obligation to sell them back and earns interest for doing so.
How to read the number
For an investor it is a way to place spare cash for a short term against collateral instead of holding it idle.
When the metric lies
The income depends on the money-market rate, and that rate moves quickly. Valuing such a position at yesterday's rate counts income that is already gone.
Also known as: reverse repurchase, cash placement through repo