I had to look it up.
It is jargon which means:
Rehypothecation
Pledging to banks by securities brokers of the amount in customers' margin account as collateral for broker loans, which are used to cover margin loans to customers for margin purchases and selling short.
Must be part of the margin loan rationalisation undertaken by B&B parent.
I had to look it up.It is jargon which...
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