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Go around

• When the Fed offers to buy securities, to sell securities, to do repo, or to do reverses, it solicits competitive bids or offers, as the case may be, from all primary dealers. This procedure is known as a go-around.

• When the Fed offers to buy securities, to sell securities, to do repo, or to do reverses, it solicits competitive bids or offers from all primary dealers.

 
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Competitive bid
Fed
Primary dealer
Repo
Securities
Sell
 
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