Noble said inventory sales were different from a sale and repurchaseagreement, as the commodities trader had no obligation under the deal to buy the commodities back.
来宝表示，库存出售与“出售然后回购”协议不同，因为这家大宗商品交易商根据协议没有义务购回大宗商品。
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Repurchaseagreement (also known as a repo or Sale and Repurchaseagreement) allows a borrower to use a financial security as collateral for a cash loan at a fixed rate of interest.